Reviews of Apollo Munich Optima Restore (OR) insurance plan

A health insurance policy is a necessity to save your family during times of emergency. However, the plan you choose should provide adequate coverage for your entire family.

   Apollo Munich OR health insurance plan can be taken for self and other dependant members of the family like spouse and children, and also parents. This plan has several benefits, some of which are unique to this policy.

   Apollo Munich OR reviews are detailed below.

An Overview of the Policy

   The important aspects of the plan are listed below as a part of Apollo Munich Optima Restore reviews.  

Plan type Entry Age Maximum members covered Sum Assured Discount offered on premium
Minimum Maximum Minimum Maximum
Individual policy 91 days 65 years 6 members Rupees 3,00,000 Rupees 50,00,000 10% for more than two members insured
Family floater policy Adults: 18

Children: 3 months

Adults: 65 years

Children: 25 years

7 members Rupees 3,00,000 Rupees 50,00,000 A single premium covers all the members

Apollo Munich OR Reviews- the Important features of the Policy

  • The entire sum insured is restored if the policy is used in the middle of the year. This restoration does not involve any additional cost
  • The no-claim bonus that is a part of the insurance increases the total cover by 50% for one claim free year and by 100% for two consecutive claim-free years. So after two years of no claims made, the Insurance cover is doubled
  • The lifelong renewal helps the policyholder stay insured all the time
  • The renewal premium does not increase after a claim is made
  • Sub-limits are not required on hospital room rent or co-pay
  • Cashless treatment can be availed across 4000 hospitals in more than 800 cities
  • The cover is extensive for treatment against illness and accident

The Key Benefits of the Policy

   The unique benefits of the policy are the most important part of Apollo Munich OR reviews. They are:

  • Restore Benefit: The sum assured as per the plan is completely replaced if it gets exhausted. This replaced amount can be used in the future. However, the claim must be made for an entirely different illness. The claim can be made in the same policy year. This restoration is done at no additional cost
  • Multiplier Benefit: This benefit offers a 50% increase of the basic assured for the first claim free year. This amount increases by a 100% for two consecutive claim-free years
  • The insured capital can be enhanced when the policy is due for a renewal

Apollo Munich OR Reviews- The Coverage offered

    This plan covers a wide variety of treatment that includes.

  • In-patient treatment: This includes pre- hospitalization coverage for up to 60 days and post-hospitalization coverage for up to 180 days
  • The listed day care procedures that are 140 in total
  • For Domiciliary treatment or at home treatment
  • For Organ donors
  • For the use of an emergency ambulance for up to Rs 2000 for a single hospitalization

Exclusions of the Policy

Exclusions are a crucial part of Apollo Munich OR reviews. The policy does not cover the following.

  • Any pre-existing diseases or conditions. They will be covered after a waiting period of three years
  • Any treatment within the first thirty days of cover. This excludes accidents.
  • Certain diseases like hernia, joint replacements, cataract, and hysterectomy will be excluded for period of two years
  • Treatment for AIDS or any related diseases
  • Treatment for drug or alcohol addiction or any intoxication abuse
  • All types of dental treatment, external aids, and pregnancy
  • Hospitalization or treatment for any radiation or use of any nuclear or chemical weapon as an act of war
  • The policy also does not cover treatment for all types of mental illness, weight control treatment, cosmetic surgery, and treatment for congenital diseases and all kinds of non-allopathic treatment.

The Added Features

    Apollo Munich OR reviews also include the additional features.

  • Policy term can be chosen with options available even for 1 or two years. If this option is chosen a 7.5% discount can be chosen on  year policy terms
  • A free look period is available for a period of 15 days from the receipt of policy documents
  • There is no limit on surgery fee, doctor fee, room rent, ICU rent and operation theatre charges
  • This premium paid towards this plan can be used for tax exemptions as per The Income Tax Act, 1961.

You may like to read : Read best Apollo Munich Optima Restore (OR) Review Online

As per Apollo Munich OR reviews, the policy provides comprehensive healthcare facility for the entire family with some great benefits. Features such as lifelong renewals make this policy a great family floater.

Apollo Munich Optima Restore Plan – Get Features & Check Reviews

Taking care of one’s health is highly important. A healthy disposition puts the mind at ease. Health is one thing that cannot be taken lightly. Also, one can never be too careful. A health insurance insures you against unforeseen accidents. In the hour of need, a good health plan can help you save a lot of money. There are a number of insurance firms that provide different health plans. Apollo Munich is one of the highest rated insurance providers in the nation.

critical-illness-insurance

Munich Heath firm and the Apollo Hospitals came up with this venture in August 2007. It was rated as the best health insurance firm in 2016 at News Healthcare by ABP. Apollo Munich has a very high claim settlement rate. The CEO of the establishment is Antony Jacob.

Apollo Munich Health Insurance

There are a large number of health insurance policies offered by the establishment. Customers can choose a plan of their liking.

The various health packs on offer are specified below-.

  1. Easy Health Exclusive
  2. Easy Health Standard
  3. Easy Health Premium
  4. Optima Plus
  5. Optima Restore
  6. Optima Vital
  7. Optima Super

Health Policy by Apollo Munich – Optima Restore Policy

Optima Restore Overview

Age for Minimum Entry for policy purchase 5 years (age)
Age for Maximum Entry for policy purchase 65 years(age)
Policy Term (in years) 1 year period, 2 years period
Minimum Sum Assured 2 lacs
Coverage  for Dependent Child 91st day (if parent is insured)

Why to purchase Optima Restore Insurance?

This is one of the best health insurance policies provided by Apollo Munich Group. The plan offers a wonderfully unique feature. In the event that you exhaust the sum insured before the policy term completes, the sum insured is restored once again. If any family members exhaust the entire floater sum insured in the policy term and another member of the family falls ill later during the policy term, the entire sum insured is restored by the policy. The sum insured is in the range of 3 lacs to 50 lacs. Under this policy, Apollo Munich provides a couple of policies:

  • Optima Restore Individual
  • Optima Restore Family

Features of Optimum Restore Family

  • Cover available from the ages of 5 through 65
  • Cover is available for a child (dependent)
  • Cover insures spouse, spouse’s parents, dependent kids, parents, etc
  • Policy available has a term of 1 year or 2 years
  • Lifetime renewability available
  • Max six members can be covered ( up to 2 adults and up to 5 children)
  • Online assessment of health is available in a package called ‘Stay Healthy.’

Benefits and advantages of Optima Restore Family

  • Cashless Hospitalization available
  • Tax exemptions can be availed on the premiums as per section 80D
  • Pre-hospitalization costs included
  • Post-hospitalization costs included
  • Restore benefit is available
  • Ambulance expenses covered till Rs. 2000
  • Portability of policy available from other insurance firms to Apollo Munich
  • If zero claims are made in 2 years, the sum insured amount gets doubled
  • A discount of 7.5% on purchasing policy for 2 years

You may like to read : Policy Review – Apollo Munich Optima Restore

Eligibility

  • Cover is available from ages of 5 through 65
  • Policy Period: 1-year tenure or 2 years

Inclusions

  • Second opinion from a seasoned practitioner

Features of Optimum Restore Individual

  • Cover available from the ages of 5 through 65
  • Cover is provided for dependent child
  • Family members covered – 4
  • Children covered – 5
  • Lifetime renewability

Benefits and advantages provided by Optima Restore Individual

  • Cashless Hospitalization available
  • Tax exemptions can be availed on the premiums as per section 80D
  • Pre-hospitalization costs included
  • Post-hospitalization costs included
  • Restore benefit is available
  • Ambulance expenses covered till Rs. 2000
  • Portability of policy available from other insurance firms to Apollo Munich

Eligibility

  • Cover is available from ages of 5 to ages of 65
  • Policy Period: 1-year tenure or 2 years

Inclusions

  • Second opinion from a seasoned practitioner

Documents required for the policy

  • No need for documents for purchasing the policy. After a particular age, however, a medical certificate is needed in agreement with company policy.

Process for Claim handling

  • The Apollo Munich Group will check and verify documents. Additional documents may need to be submitted
  • Cheque dispatched to consumer within 30 days
  • In the event that the claim is not approved, rejection letter gets dispatched.

Review

The policy is highly reliable. The restored facility is a wonderful one, and the benefits provided are at par with the industry standard. The claim settlement is very quick as well.