Apollo Munich Individual Personal Accident Health Insurance

Entry Age

91 days to 69 years

Basis

Individual / Family

Policy Period

1 year with a grace period of 30 days

Renewability

Lifelong

Sum Assured

1. The sum insured ranges from Rs. 1 lakh to Rs. 50 lakhs under the standard policy
2. Under the premium policy the sum insured can be as high as Rs. 5 crores
3. For people above the age of 70 years, the sum insured is restricted to Rs. 5 lakhs

Premium

The premiums depend on the sum insured and the number of people and can start from as little as Rs. 300. Higher sum insured will incur higher premiums.

Discount

10% discount if 2 or more members are covered by the health insurance policy A cumulative discount of 5% is offered for every claim free year

Coverage

1. is provided for the spouse, dependent children and parents
2. Reimbursement of expenses for transporting one family member in case of accidental death or permanent total disability
3. Expenses incurred in transporting the remains of the insured from the place of accident to the hospital and then burial grounds
4. In case of accidental death or permanent total disability, 50% of sum insured for dependent children is paid towards their education
5. Weekly allowance will be paid to the insured to cover loss of income in case of a temporary disability
6. Reimbursement of medical expenses in case of accidental death, permanent total or partial disability or temporary total disability
7. Expenses arising from the use of ambulances to transport the insured to a hospital will also be covered
8. If medicines need to be imported to India for treatment, then the expenses incurred will be reimbursed
9. Expenses incurred in the purchase of blood will also be reimbursed
10. In case of a permanent total disability, modification to the house and to the vehicle used by the insured will be covered
11. If hospitalisation is required then the expenses for in-patient care will be reimbursed
12. In case of accidents leading to fractures, a lump sum payment may be made to the insured

Benefits

1. The policy has no maximum age for ceasing of cover
2. It pays a lump sum in case of the death of the policyholder if the death was caused by an accident
3. If the policyholder is rendered permanently completely disabled then too a lump sum will be paid
4. Partial disability due to an accident is also eligible for payment of a lump sum
5. The compensation for injuries sustained are valid throughout the world

Exclusions

1. Self-inflicted injuries, suicide and attempted suicide will be exempt from cover
2. Participation in extreme sports or activities like racing, diving, flying or participation with the defence forces will not be covered
3. HIV/AIDS will not be covered
4. Pre-existing conditions will not be covered
5. Pregnancy or complications arising from it will not be covered
6. Injuries or death cause by war will not be covered