Most health insurance companies in India have separate plans for critical illnesses that cover major diseases like cancer, stroke, heart attack, etc. Unlike regular health insurance plans, most of these critical illness covers provide a single lump sum payment upon the first diagnosis of a disease. This is mainly to ensure that the insured person has enough financial support to handle the medical expenses and other expenses associated with the disease. Apollo Munich Optima Vital is one such cover that provides coverage against a range of critical illnesses.
If you meet the following eligibility criteria, you can subscribe to Apollo Munich Optima Vital Policy:
Some of the notable features of Apollo Munich Optima Vital can be listed as follows:
The range of benefits offered by this critical illness health insurance plan can be given as follows:
|Benefit||Extent of cover|
|Lump sum benefit for critical illness (after the satisfaction of the survival period)||Covered for up to 37 critical illnesses|
|E-Opinion||Second opinion available from a medical practitioner chosen from the company’s panel|
Apollo Munich will not provide any compensation for the following conditions:
Any occurrence of an event that may give rise to a claim must be intimated to the company within 14 days of first diagnosis. After the completion of the survival period, the claim must be filed to the company within a maximum of 45 days. If the insurance company seeks any additional documents, it must be submitted within 15 days. The documents required by the company may include physician certificate, diagnostic reports, other medical records, etc.
Upon submission of the required documents, the company will begin the verification process. Once the verification process is over, the company will send the admissible amount and the acceptance document to the insured person. The settlement amount will be provided to the insured within 7 days of acceptance of the claim. If the settlement is not provided within 7 days, the company will pay an interest of 2% as per the IRDAI regulations.
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