Apollo Munich Insurance Company (now HDFC ERGO) review| North Loop Official Blog
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10 Sep 2020

Apollo Munich Insurance Company (now HDFC ERGO) review

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Apollo Munich (HDFC ERGO General Insurance Company): Background and Overview-

HDFC ERGO General Insurance Company, formerly Apollo Munich Health Insurance Co, is an Indian private sector general insurance company with its headquarters in Mumbai, Maharashtra. It is a 51:49 joint venture firm between HDFC and ERGO International AG with several branches across the length and breadth of India. From inception, the company has settled claims of over Rs.6,349 Crores and has a very strong network of over 10,000 hospitals across the country.

Apollo Munich Insurance Co (HDFC ERGO) provides a wide array of insurance-related services, ranging from health insurance, motor insurance, personal accident insurance, etc.
Given below is a list of various Insurance schemes offered-

Apollo Munich Insurance Co (HDFC ERGO): Policies and schemes

Before dwelling into the various insurance policies and schemes offered by the United India insurance company, let us start by understanding what insurance is.
Insurance, in simple definition, means transferring risks associated with financial losses to the insurer (insurance company) by an individual (insured). The insured individual pays a fixed sum of money regularly to the insurer, known as premium which the company pools from other insured individuals as well, which the company promises to pay as lump-sum compensation upon arrival of financial loss.
Nowadays, insurance does not only play a key role in compensation for financial losses but can also serve the purpose of an investment with a savings element attached to the same.

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Apollo Munich Health Insurance: Plans and Policies-

Apollo Munich Insurance Co (HDFC ERGO) offers various schemes and policies for Indians such as Apollo Health Insurance, motor insurance, personal accident insurance, etc.

  • Optima Restore- This Policy provides coverage from 3 Lakhs to 50 lakhs, Pre and Post hospitalization coverage for 60 days & 180 days, Assured lifetime renewals.

  • Easy Health- This Policy provides coverage from 1-15 Lakhs, Hospitalization coverage, Pre and Post hospitalization expenses coverage.

  • Health Wallet- This Policy provides coverage from 3-50 lakhs, Pre and Post hospitalization coverage for 60 days & 90 days, Guaranteed lifelong renewals.

  • Easy Health - A Policy For Young Family- This Policy provides coverage from 3-50 Lakhs, Hospital admission of a minimum of 24 hours, Pre and Post hospitalization expenses coverage, covers maternity expenses as well as coverage for new-born baby.

  • Easy Health (Premium Plan)- This Policy provides coverage from 4-50 lakhs, Pre and Post hospitalization expenses coverage, covers maternity expenses as well as coverage for new-born baby.

  • NEW iCan Cancer Insurance- This Policy provides coverage for cancer treatment expenses, coverage from 5-50 lakh, Pre and Post hospitalization expenses coverage of 30 and 60 days.

  • NEW iCan Cancer Insurance for Women- This policy provides coverage from 5-50 lakh, coverage for cancer treatment expenses. Pre and Post hospitalization expenses coverage of 30 and 60 days.

  • Dengue Care Plan - Comprehensive & Exclusive Cover for Dengue Fever- This policy provides inpatient treatment as well as outpatient benefits, Pre and Post hospitalization expenses coverage.

  • Optima Cash - Daily Hospital Cash Plan- Daily cash benefits offered for sicknesses, accidents, emergency ICU expenses.

  • Optima Super – Aggregate Top-up Plan- Top-up plan on an existing policy, coverage for in-patient treatment, Pre and Post hospitalization expenses coverage.

  • Optima Vital- The critical Illness Plan- This policy provides coverage from 1-50 lakh with lumpsum payments offered for 37 defined illnesses.

  • Energy – Policy for people living with Diabetes This policy provides coverage from 2-50 lakh, Pre and Post hospitalization expenses covered, Lifetime assured renewals.

  • Corona Kavach Policy- This policy offers coverage for the treatment of COVID-19 related expenses with sum insured of Rs. 50,000 to 5 Lacs, Hospitalization as well as home treatment expenses covered.

Apollo Munich Health Insurance Co. (HDFC ERGO) offers a broad array of health insurance products, targetted at people across various age groups and providing coverage to a large number of diseases, including COVID-19. The policies offered cater to individuals, families, and corporates but can often put people in a tough spot due to the many options available. Hence, people often may not be able to make the right choice. .

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This publication is provided for general information purposes only and is not intended to cover every aspect of the topics with which it deals. It is not intended be advice. You must obtain professional advice before taking, or refraining from, any action on the basis of the content in this publication. The information in this publication does not constitute legal, tax, investment or other professional advice from North Loop or its affiliates. We make no representations, warranties or guarantees, whether express or implied, that the content in the publication is accurate, complete or up to date. All opinions expressed do not reflect the views of North Loop nor are endorsed by North Loop.