Money & Banking

Apollo Munich Health Insurance launches first-of-its-kind Health Wallet Plan

K. R. Srivats New Delhi | Updated on January 09, 2018

Bollywood celebrity Farhan Akhtar is brand ambassador of the company

Apollo Munich Health Insurance, a standalone health insurer, on Thursday launched a novel health insurance plan 'Health Wallet' that caters not only to the customers' hospitalisation and OPD expenses, but also ensures affordability of continuing their policy in their golden years.

On offer along with the 'Health Wallet' plan is a unique 'RESERVE' benefit that continues to grow and earn for the customers and helps them secure their retirement, said Antony Jacob, Chief Executive Officer, Apollo Munich Health Insurance.

"Reserve benefit has been designed to ensure that your money does not get wasted. The most interesting part is that it lets your money earn for you", Jacob said.

Every year, the unused reserve amount gets carried forward and earns a 6 percent bonus. The accumulated reserve kitty can in turn be used to pay up to 50 percent of the renewal premium, post five continuous renewals.

It is unarguably a new milestone in health insurance industry that addresses the Indian savings and returns mindset and allows the customers to fund for their health insurance premium in their later (golden) years, according to Jacob.

On the occasion, Apollo Munich Health Insurance also introduced Bollywood celebrity Farhan Akhtar as the brand Ambassador of the company.

Published on December 07, 2017

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