The Optima Vital is a critical illness health insurance policy that offers lump sum amounts upon diagnosis of 37 different critical illness.
Benefits & Features - Apollo Munich Optima Vital
| Entry Age |
18 years to 65 years |
| Basis |
Individual / Family |
| Medicals |
Required if the policyholder wishes to increase the sum insured |
| Policy Period |
1 Year or 2 Years with a grace period of 30 days |
| Renewability |
Lifelong |
| Sum Insured |
Ranges from Rs. 1 lakh to Rs. 50 lakhs. The maximum sum assured that can be taken after the age of 55 years is Rs. 20 lakhs |
| Premium |
Premiums can start from as little as Rs. 500 and increase in accordance to the sum insured chosen and the number of members that are covered |
| Discount |
7.5% discount if policy is taken for 2 years |
| Coverage |
- Allows cover for a maximum of 4 adults or 5 children under a single policy
- People eligible for cover are you, your spouse and dependent children or parents
- Waiting period for pre-existing conditions is 4 years
- Upon diagnosis of critical illness, a second opinion with a doctor chosen by the policyholder, from the insurer’s panel, will be arranged.
- Covers 37 critical illnesses ranging from cancer to kidney failure, end stage liver or lung diseases, Burns, First heart attacks, etc.
- The policy pays out a lump sum when a critical illness is diagnosed or when a medical or surgical procedure is required
|
| Benefits |
- One policy can cover a maximum of 6 individuals
- Premiums paid are eligible for tax benefits under section 80D of the IT Act
- The sum insured can be increased if the policyholder has made no claims
- The company offers portability options when health insurance policies held with other companies can be transferred to Apollo Munich
|
| Exclusions |
- No illness or treatment taken in the first 90 days will be covered
- If HIV or AIDS infections are present then critical illness
- Abuse of intoxicating substances will negate cover
- Treatments sought for pregnancy or any other condition related to pregnancy
- Need for treatment arising from acts of war, chemical, nuclear, biological or radiation exposure
- Congenital conditions and defects are not covered
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