Apollo Munich Optima Plus

Type of policy: Hospital Cash Benefit

Options available: Individual

Product Features:

Parameter

Value

Entry age

3 months to 65 years

Renewal

Lifetime

Policy tenure

1 year or 2 years

Pre existing illness cover

After 48 months of continuous coverage

Cashless Facility

In select hospitals

Hospitalization cover

All in-patient expenses

Pre & post hospitalization medical expenses

Medical expenses incurred due to illness up to 30 days before admission and 60 days after discharge

Domiciliary treatment

Yes

Sub limits

No

Maximum Sum Insured

Rs 5 lakhs

Exceptional features:

  • Acts like a top-up plan with an existing mediclaim. It gets activated once the deductible is exhausted. Deductible is the amount of money that the insured would need to pay for his medical expenses on the occurrence of hospitalization before any benefits from health insurance policy can be used.
  • Deductible ranges from Rs 1 lakh to Rs 5 lakhs. Option to convert to nil deductible plan between ages 58and 60 years.
  • 10% discount if 2 or more family members covered under same policy.

Illustration:

Deductible

Indicative Annual Premium

(For cover of Rs.5 lakh)

Rs 1 lakh

Rs. 2,750

Rs 2 lakhs

Rs. 1,500 

Rs 3 lakhs

Rs. 1,400

Rs 4 lakhs

Rs. 1,300

Rs 5 lakhs

Rs. 1,200

Age taken to be between 36-45 years

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