Apollo Munich Health Insurance

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Apollo Munich Health Insurance

With an aim to make global healthcare services accessible to citizens of India, Apollo Munich was formed through joint venture agreement between its parent conglomerate Apollo Group of Hospitals and America based global insurance leader Munich Corporation in the year 2007 after attaining license from the Insurance Regulatory Development Authority of India (IRDA).

Apollo Munich is now an ISO 9001:2008 certified health insurance group with registered office in Hyderabad and corporate office in Gurgaon and a strong distribution network in India through our partnerships with leading banks including Canara Bank, Citi Bank, Indian Bank and Axis Bank.

The company has to its credit a list of prestigious awards, Det Norske Veritas has awarded us twice for excellence in health insurance spheres of product design, product distribution and product services.

Performance Metrics

The company's performance metrics are based on customer services. It has been its endeavor to surpass its customer services each year in terms of speed, reliability and response:

It takes seven working days to issue policies and 93 % policies have been issued in this time frame and even 83 % in 3 working days time.

More than 90 % cashless claims are settled within 2 hrs of claim being raised

Since its commencement in 2007 till February 2017 it has made a claim settlement of INR 2656 crores.

85% of its customers are happy with the services

80% of its existing policy holders have renewed their policies

It settles claims on an average within 15 days and within 30 days we have settled 95% of claims.

Why Health Insurance?

In our everyday life we are always surrounded by health related risks, any time we or our family members might need hospitalization. By sparing a small amount for premium money we can avail substantial cover to take care of expenses should we succumb to health related risks.

Another very important reason that we should avail health insurance is tax benefit applicable for health insurance products under section 80 D of the Income Tax Act. If we plan our health insurance properly we can pay the premiums totally or a large part of it from our tax savings. If we do not avail health insurance we would be losing that amount through taxation, hence availing health insurance has dual benefits.

Why Apollo Munich Health Insurance?

The company’s performance metrics speaks of of its commitment. Customers find the company a reliable health insurance provider and they are assured of being provided timely assistance during emergency situations. To put it in a nutshell Apollo Munich is a preferred health insurer because:

Apollo Munich is IRDA authorized and ISO 9001:2008 certified firm

It has a proven performance records in health insurance sphere

It has a country wide distribution network

It has a network of more than 4500 hospitals throughout the country

It cashless settlements in networked hospitals

It has swift and transparent and online processes

It has swift and hassle free claim settlement process

A high claim settlement ratio

It provides 24 by 7 emergency assistance through toll free numbers

Apollo Munich Health Insurance Kit

The company provide its health insurance policy holder a complete health insurance kit which contains

Policy document

Health Card(s)

List of networked hospitals

List of all contact numbers and toll free numbers

Features and Benefits

Apollo Munich has a complete range of customized health care plans under each category, general features of our health insurance plans include:

Well categorized plans for different customer requirements

Individual, family floater and senior citizen health insurance plans

Critical illnesses cover plans

Hospital daily expenses cover plan provisions

Additional cover options plan

No claims benefit up to 50 % annually

Free total health checkups after four claim free years

Pre and post hospitalization cover

Ambulance cost cover for emergencies up to Rs 2000

Home treatment cover option

Second opinion option

AYUSH cover option

Maternity benefit cover options

New born baby cover options

Organ donor cover options

Apollo Munich Health Insurance Premium Calculation

The health insurance premiums can be calculated online by specifying relevant details such as plan variant, location, number of members, age group, sum assured, critical illness cover, additional covers.

Substantial covers can be availed at nominal premiums and discounts are applicable for family group insurance covers.

For example for a sum assured of Rs 5,00,000, individual premium works out to be around Rs 7400 annually, for two members Rs 11,800 annually and for four members Rs 22,000 annually, including taxes.

If you are seeking advice as to which type of plan best suits you then you can also avail assistance from the advisory team, in which case you may fill your relevant details online including your name, contact number and e mail address and you will get a call back from our team within few hours.

Apollo Munich Health Insurance Claim Settlement

The company settles cashless as well as reimbursement claims. Cashless settlements can be availed in networked hospitals for planned or sudden medical situations that are covered under the policy. For planned hospitalization policy holder needs to inform us at earliest, at least one week in advance and for emergency situations policy holder needs to inform us at the earliest.

Upon receiving cashless claim request the company swiftly verifys the details and settles payments directly with the networked hospital’s authority within two hours of receiving claim request.

When the policy holder/policy holder representative calls us then we will ask for the policy number which is mentioned in the policy health card.

Several times medical treatments are not availed in networked hospitals. For such times the policy holder needs to save all bills and raise reimbursement claim on prescribed format and attach these bills. We have a seamless online claim procedure for the benefit of our customers. We settle reimbursement claims within 15 to 30 working days.

In order to help the insurer provide timely assistance, policy holders need to:

Maintain a separate file for our health policy

Always carry health card

Always carry networked hospitals detail

Carry self identity documents and contact details

Carry list of toll free and other assistance numbers

Carry blood group details and other important medical details if any

Carry contact person address and number for assistance during emergency

Register an FIR at earliest for situations requiring police report

Inform us at earliest in case of emergencies

Apollo Munich Health Insurance Plans

Apollo Munich Individual Plans:

Sum assured ranges from 1lacs to 50 lacs

Minimum entry age 91 days

Maximum entry age 65 years

1-2 year policy tenure


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Apollo Munich Senior Citizen Plan:

Health plan for elderly people above 61 years

5% discount if both the spouse are covered

Policy term of 1 or 2 years

7.5% discount on 2 year policy


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Apollo Munich Family Floater Plans:

Self, spouse, dependent children and dependent parents cover

Minimum entry age for adults 18 years

Maximum entry age for adults 65 years

Minimum entry age for children 3 months

Maximum entry age for children 25 years

1-2 year policy tenure

Attractive premium discounts


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Claim Form





Contact Address


Apollo Munich Health Insurance Co. Ltd

1st Floor, SCF-19, Sector-14, Gurgaon-122001, Haryana
Email: customerservice(at)apollomunichinsurance(dot)com

Apollo Munich Health Insurance News

Apollo Hospitals Group To Sell 23.3% Stake

The Board of Directors of Apollo Energy Company, an Apollo Hospitals Group Company, has accepted the divestment of 23.3% shareholding in Apollo Munich Health Insurance Company (Apollo Munich) to its joint venture partner, Munich Re of Germany for Rs 163.5 crore. The planned transaction values Apollo Munich at Rs 703 crore. The finishing point of

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Wednesday January 27, 2016

Axis Bank Ties-Up With Apollo Munich

Axis Bank, one of the largest  private banks of India, announced its partnership with Apollo Munich Health Insurance Company to provide its consumers modified health insurance products and services. The planned partnership with the health insurance company, a JV between, ‘The Apollo Hospitals Group’, Asia’s biggest healthcare group and, ‘Munich Health’ will offer unique health

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Friday January 29, 2016

Linking Of Aadhaar With Insurance Policy Is Mandatory, Says IRDA

On Wednesday, 8th Nov, 2017, the Insurance Regulatory And Development Authority Of India (IRDA) said that the linking of Aadhar number with insurance plans is compulsory and asked insurance companies to implement the statutory norms.  “The Authority clarifies that, linkage of Aadhaar number to insurance policies is mandatory under the Prevention of Money Laundering (Maintenance

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Monday November 13, 2017

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