Apollo Munich won awards at the India Insurance Review Awards 2012
India Insurance Awards 2012 once again brought recognition for Apollo Munich Health Insurance. The Indian Insurance Awards have been conceptualized to honor performance, growth, product and market innovation, customer service and technology, and eventually raise the benchmark year on year as the awards mature. Judging on these parameters, Apollo Munich was awarded
• Best Product Innovation category award for Optima Restore- This award is for generating revenues of more than 25 Cr with over 22,000 policies sold within three months of launch.
• Auto-Underwriting and Policy Issuance in the Technology Leader Award- This award is for initiating a logic based system that helps reducing the manual intervention of issuing policies by replacing standardized automated processing.
Time and again Apollo Munich has won such awards. It comes as a reward for constant efforts put in by team of experts. It encourages the quest for sustainable success paving way for coming up with better and better services every time. Both these awards have once again identified the genuine efforts put in by Apollo Munich Health Insurance Company Ltd.
Always working with a thought of exploring the hidden areas, this time Apollo Munich came up with an unbelievable product- Optima Restore. Introduced under such a tagline, the product is weaves along truly unbelievable health insurance benefits. At no extra cost, health insurance company offers first of its kind benefits to citizens of India. This product gave a new perspective to health insurance market. It truly captured the attention of people in large number. Soon after its launch it created a buzz in market coming right in the centre thereafter. As soon as it was launched, the plan became the choice of many. This resulted in generating revenue of more than 25 Crore for company. This easy to understand plan offered comprehensive coverage to majority of people. Not only for individuals but it is available for complete family that will include spouse, dependent parents and dependent children. In this way, plan is made flexible enough to fit into the frame of healthcare needs of all. Moreover, with the sum insured options ranging from 3 lakh to 15 lakh makes the plan affordable for all income groups.
Unlike other plans, Optima Restore is inclusive of first of its kind ‘Restore Benefit’. Under the coverage of this benefit, the plan automatically reinstates the sum inured amount if the insured happen to exhaust it in the policy period. It enables the person to seek policy coverage even if used it before. This benefit is truly helpful in case of family health coverage. Other members can also avail insurance benefits as and when required. On the other hand, the ‘Multiplier Benefit’ offers discount for having a no claim year. As the name of the benefit, it multiplies the basic sum insured amount if there is no claim even in second year. In this way, weaving along such unique benefits, this plan offers truly unique coverage to the policy buyer. Besides this, the plan includes yet another list of innovative healthcare benefits. At no additional cost, Optima Restore thus enables all to enjoy best healthcare coverage without any fiscal burden.
Where on one hand, Apollo Munich keeps introducing such beneficial products for people, on the other hand, it also keep a notice of making the process hassle free for all. To reduce the manual intervention it has come up with features like buy online, online premium calculator and online policy renewal. All such measures help simplifying the policy buying an issuance process for buyers. All can obtain policy coverage in much less time. Moreover, devoid of any paperwork details like policy quotes can be acquired instantly.
Apollo Munich thus justifies the awards it has received. It aims at keep going with same enthusiasm and focused approach in making best healthcare affordable for all, irrespective of age or income level.
• Best Product Innovation category award for Optima Restore- This award is for generating revenues of more than 25 Cr with over 22,000 policies sold within three months of launch.
• Auto-Underwriting and Policy Issuance in the Technology Leader Award- This award is for initiating a logic based system that helps reducing the manual intervention of issuing policies by replacing standardized automated processing.
Time and again Apollo Munich has won such awards. It comes as a reward for constant efforts put in by team of experts. It encourages the quest for sustainable success paving way for coming up with better and better services every time. Both these awards have once again identified the genuine efforts put in by Apollo Munich Health Insurance Company Ltd.
Always working with a thought of exploring the hidden areas, this time Apollo Munich came up with an unbelievable product- Optima Restore. Introduced under such a tagline, the product is weaves along truly unbelievable health insurance benefits. At no extra cost, health insurance company offers first of its kind benefits to citizens of India. This product gave a new perspective to health insurance market. It truly captured the attention of people in large number. Soon after its launch it created a buzz in market coming right in the centre thereafter. As soon as it was launched, the plan became the choice of many. This resulted in generating revenue of more than 25 Crore for company. This easy to understand plan offered comprehensive coverage to majority of people. Not only for individuals but it is available for complete family that will include spouse, dependent parents and dependent children. In this way, plan is made flexible enough to fit into the frame of healthcare needs of all. Moreover, with the sum insured options ranging from 3 lakh to 15 lakh makes the plan affordable for all income groups.
Unlike other plans, Optima Restore is inclusive of first of its kind ‘Restore Benefit’. Under the coverage of this benefit, the plan automatically reinstates the sum inured amount if the insured happen to exhaust it in the policy period. It enables the person to seek policy coverage even if used it before. This benefit is truly helpful in case of family health coverage. Other members can also avail insurance benefits as and when required. On the other hand, the ‘Multiplier Benefit’ offers discount for having a no claim year. As the name of the benefit, it multiplies the basic sum insured amount if there is no claim even in second year. In this way, weaving along such unique benefits, this plan offers truly unique coverage to the policy buyer. Besides this, the plan includes yet another list of innovative healthcare benefits. At no additional cost, Optima Restore thus enables all to enjoy best healthcare coverage without any fiscal burden.
Where on one hand, Apollo Munich keeps introducing such beneficial products for people, on the other hand, it also keep a notice of making the process hassle free for all. To reduce the manual intervention it has come up with features like buy online, online premium calculator and online policy renewal. All such measures help simplifying the policy buying an issuance process for buyers. All can obtain policy coverage in much less time. Moreover, devoid of any paperwork details like policy quotes can be acquired instantly.
Apollo Munich thus justifies the awards it has received. It aims at keep going with same enthusiasm and focused approach in making best healthcare affordable for all, irrespective of age or income level.