Download Apollo Munich Policy
Alterio Wihl
Existing policyholders of ENERGY and Easy Health can still renew their policies, if they choose to. They also have the option to port their policy to a different one.
HDFC ERGO General Insurance Company Limited is a 51:49 joint venture firm between HDFC and ERGO International AG, one of the insurance entities of the Munich Re Group in Germany operating in the insurance field under the BFSI sector.[2] The retail sector includes various products like health insurance, vehicle insurance, travel insurance, home insurance, personal accident insurance and cyber insurance. The Corporate sector includes products like liability, marine and property insurance. Rural sector products include rainfall index insurance, Pradhan Mantri Fasal Bima Yojna, and cattle insurance policy.
L&T General Insurance is promising to reinstate the sum of the policy holder, if he meets with an accident. Meanwhile, Apollo Munich has offered to reinstate the sum insured after the policy gets exhausted. For those who don't make a claim, the sub insured will double in two years under a 'multiplier scheme'.
Insurance sector regulator IRDA is still to address some of the issues. India's 20 per cent people who are already covered by a health insurance policy could certainly see more value in health insurance if some of the niggling issues are ironed out.
Since that launch, APOLLO reported an average policy transaction of $4,954 on the product. In addition, the average quote for the liability product reached an even higher $8,357. The data suggests that larger premium commercial business has already begun shifting online.
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