My health insurance policy was purchased from Apollo Munich because it covers the majority of hospitals in India, has a high cost, and provides excellent plan coverage. I paid a premium of Rs. 6282 for a coverage of Rs. 3 lakhs. I purchased the coverage only for my own use. I have no prior experience with insurance claims.
Is Apollo Munich and HDFC Ergo same?
The Insurance Regulatory and Development Authority of India has approved the merger of HDFC ERGO Health Insurance and HDFC ERGO General Insurance, which was previously known as Apollo Munich Health Insurance (IRDAI).
“The merger was given effect on November 13 following clearance by the National Company Law Tribunal and receipt of final permission from the IRDAI.” HDFC ERGO General Insurance Company is the combined entity, according to a statement released on Friday by the private sector general insurer.
Is pregnancy covered in Apollo Munich Health Insurance?
- Waiting period: In most health plans, there is a 2-year waiting period before you may claim maternity expenses. For individuals planning to start a family in the near future, this can be counterproductive. Waiting periods of up to 4 years apply to Apollo Munich’s Exclusive Family Health and Cigna TTK’s ProHealth Insurance Plus Plans, however they can be reduced to 2 years in the case of ProHealth Insurance Plus by paying an additional premium. Religare Joy, on the other hand, has an industry-low 9-month waiting period and a 3-year policy term, but the premium is greater than other plans. A three-year coverage for a family of two between the ages of 18 and 45 years costs Rs. 55,445 in Religare delight. To account for the initial waiting time, it’s probably preferable to purchase a maternity add-on to your health insurance at the start of your marriage.
- What exactly is covered? Maternity insurance should cover delivery costs (including Caesarean section) and problems, as well as pre-natal and post-natal expenses, as well as post-partum care and vaccination. However, finding all of this covered under a single policy plan is quite difficult. Delivery charges, as well as pre-natal and post-natal expenses, are often covered by health plans that cover maternity expenses, as are maternity-related OPD care (outpatient department) expenses such as the cost of prescriptions, pharmaceuticals, ambulance fees, and hospital stays. However, plans like Religare Joy are quite comprehensive, covering almost all aspects of maternity coverage.
- For a sum insured of Rs 3-5 lakh in the base plan, Apollo Munich’s Exclusive Family Health and Cigna TTK’s Plus cover maternity expenditures up to Rs 15,000 for a normal delivery and Rs 25000 for a Caesarean delivery. The majority of health plans that offer maternity coverage as an add-on cap the coverage amount at Rs 50,000. In urban areas, where costs can easily reach Ra 1 lakh or more, this amount may be insufficient.
- Check if the rider includes day one new born baby coverage, which includes charges for treatment of a new born baby’s illness from the moment he or she is born, as well as pregnancy difficulties, pre- and post-natal expenses.
- Exclusions that are common: Many insurance do not cover post-pregnancy expenses including medical check-ups or drug costs.
How is Apollo Munich Health Insurance?
My health insurance is with Apollo Munich, which is a good organization with good perks. I’m saving money from my own pocket and using the coverage to pay for my wife’s treatment. They have a greater number of hospitals for cashless patients, but this is dependent on the cities. The policy has a 3L coverage limit.
Who owns Apollo Munich Health Insurance?
HDFC ERGO Health was founded after HDFC Limited purchased a controlling position in Apollo Munich Health Insurance Co. Ltd. for 51.25 percent. With this, an exciting adventure began with the goal of improving customer experience through creative procedures and cutting-edge technology.
What happened Apollo Munich?
We are delighted to inform that HDFC ERGO Health Insurance has changed its name to HDFC ERGO General Insurance. This is the start of an exciting adventure in which we will provide our valued customers with best-in-class health insurance plans and dedicated services. With this merger, our consumers will have access to a larger combined product portfolio (including health and non-health segments) delivered under one roof, as well as access to 10,000+ cashless hospitals, 24×7 customer service in ten languages, and much more.
Which is the best health insurance in India 2021?
When you are aware of the various types of health insurance plans available, it becomes much easier to decide which one to purchase. In India, you can choose from seven different types of health insurance policies to meet your specific needs. These are described in detail below, along with the best-selling plans in each category:
Individual Health Insurance Plans
Individual health insurance policies only cover one person, the policyholder, who receives all of the coverage benefits available. In an individual health insurance plan, the insurance company pays for the insured’s medical expenses based on the sum insured chosen and the premium paid. In-patient hospitalization expenses, pre-hospitalisation and post-hospitalisation charges, childcare expenses, domiciliary hospitalisation expenses, organ donor expenses, and so on are some of the common coverage benefits offered under these plans. Individual health insurance policies, which are best suited for persons with higher health risks, usually have no upper age limit for policy renewal. This means that the insured will be able to renew the plan for the rest of his or her life. On an individual sum insured basis, one can also cover their parents and immediate family members in the insurance. Individual health insurance policies cover people on an individual sum insured basis, therefore the number of claims made throughout the policy term is unrestricted.
Family Floater Health Insurance Plans
A family floater health insurance plan, unlike individual health insurance plans, covers the entire family on a floater amount insured basis. One of the most appealing features of family floater health insurance plans is that they allow an individual to cover himself as well as his or her family members under a single health insurance plan, making it easier to administer for the insured. A family floater health insurance policy is a more affordable option than a senior citizen health insurance policy when it comes to protecting your parents under a health insurance policy. A family floater health insurance coverage covers all members of your family, including your lawfully married spouse, dependent children, parents, parents-in-law, brother, sister, and other relatives, for inexpensive prices that vary by plan. These plans are best for young families because the possibilities of filing many claims are lower. This allows the member filing a claim to have more coverage for less money.
Senior Citizens Health Insurance Plans
Senior citizen health insurance plans are designed specifically for adults aged 60 to 75 years old to meet their specific insurance needs. Most individual or family floater health insurance plans do not cover persons beyond the age of 65, thus getting a senior citizen health insurance policy is suggested. They only accept renewals after 65 years. Daycare charges, domiciliary hospitalization expenses, cashless hospitalization, coverage for pre-existing disorders, and coverage for specific diseases are some of the distinctive coverage benefits of senior citizen health insurance policies.
Critical Illness Insurance Plans
Heart attack, stroke, paralysis, cancer, renal failure, and other life-threatening, serious, and long-term illnesses are covered by critical illness insurance. On the first diagnosis of one of the serious illnesses covered by the plan, the insured receives a lump sum payment. The insured can spend the money not just to get the care he or she needs in India, but also outside the country. The insured can also use the money to pay off debts, fund a child’s education, or use it in any other way he or she sees fit. Because critical illness treatments are costly, it is suggested that you be insured by a critical illness policy. If someone is diagnosed with a severe disease, it may put a strain on their finances if they must cover the costs on their own.
Star Health & Allied Insurance offers a comprehensive health insurance policy.
Women-Specific Health Insurance Plans
Women’s health insurance plans are specifically tailored to satisfy the insurance needs of women at various phases of their lives. These plans, for example, protect women against healthcare costs when they retire, pregnancy costs, newborn baby coverage, child education coverage, and so on. They also cover women after a certain age for specific diseases to which they are predisposed. Even if a woman is insured by her employer’s individual health insurance policy, it is still advised that she be covered by a women-specific policy. This is because, unlike a women-specific health insurance plan, an individual health insurance policy does not always respond to the special needs of women, and so they miss out on coverage benefits. In addition, these plans have low premiums and typically provide the insured with lifetime renewal benefits.
Top-Up Health Insurance Plan And Super Top-up Health Insurance Plans
In the event that hospital expenditures surpass the limit, top-up and super-top-up health insurance plans allow the insured to increase the sum insured of their base health insurance policy to cover the deficit. In the event of a single hospitalization, a top-up health insurance policy kicks in when the cost of the claim exceeds the deductible value and the sum insured of the base health insurance policy within the policy term. In these programs, each claim is handled separately. In contrast, when claims for cumulative healthcare expenses within a policy period surpass the deductible and sum insured maximum of the base health insurance plan, the insured receives payment. A super top-up policy pays for expenses that your top-up or basic policy doesn’t cover. The main distinction is that in the super top-up strategy, repeated hospitalizations are taken into consideration. Regardless of the insurance company’s basic policy one has, a super top-up insurance coverage can be purchased from any insurance company.
The following are some of the most popular top-up and super-top-up health insurance policies on the market:
Disease-Specific Health Plans
Disease-specific health insurance policies are designed to cover a specific illness, such as cancer, diabetes, or heart disease. It is appropriate for folks who require comprehensive coverage for a specific ailment. Even if you are currently covered by a corporate health insurance plan or a standard health insurance plan, you can choose this plan. This is due to the fact that those plans may not always provide adequate coverage for specific conditions. If you have a disease-specific health insurance plan, you won’t have to wait as long as you would if you had a conventional health insurance plan. The approach is excellent for persons who have a family history of a condition, such as hypertension or diabetes.
The following are some of the most popular critical illness health insurance plans on the market:
Does Apollo Munich Optima Restore cover pregnancy?
You can also choose between 1 adult and 3 youngsters. The plan can be renewed indefinitely. Loading is not based on claims. As is the case with most policies, maternity-related expenses are not covered under this plan.
Is pregnancy covered in HDFC Ergo?
Medical expenses incurred as a result of childbirth are covered by maternity insurance or a pregnancy health plan. While you focus on caring for the expecting mother, HDFC ERGO Health Insurance covers your medical bills, allowing you to focus on other things. In two of its plans, Health Suraksha Gold and Medisure Classic, HDFC ERGO provides medical insurance with maternity benefits. Both of these plans provide a plethora of benefits, as well as maternity coverage, after four years of continuous renewal.