Apollo Munich launches Optima Vital and Optima Super

India Infoline News Service | Mumbai |

. Optima Vital offers the consumer lifelong renewal and shall terminate on first occurrence of any one of the defined critical illnesses.

After receiving an overwhelming response from the market on Optima Restore, Apollo Munich Health Insurance is set to roll out two new plans under its Optima series - Optima Vital and Optima Super. Creating a new benchmark for the health insurance industry, Optima Vital – a critical illness plan, covers 37 critical illnesses against normal industry standards of providing cover for around 7 to 20 of these conditions. Optima Super, on the other hand, is an aggregate high deductible cover for individuals and families that comes with a unique SWITCH BENEFIT (Waiver of Deductible Benefit) of converting the high deductible into a full-fledged nil deductible plan, without any underwriting.  

Optima Vital
Non-communicable diseases account for 53 percent of deaths in India and both the incidence and the number of critical illnesses are increasing dramatically. In addition to that, the treatment for such ailments is more than twice as expensive as compared to communicable conditions and illnesses. Taking cue from that, Apollo Munich has designed Optima Vital that protects consumers financially upon diagnosis of any pre-defined critical illnesses.

What makes Optima Vital special is the fact that it extends cover against 37 critical illnesses, which is way above the number of critical illnesses covered under general critical illness plans available in the health insurance market. It covers aliments such as coma, kidney failure, major burns, bacterial meningitis, cancer, heart attack, stroke, and such life threatening conditions. This product is developed closely with the customers and based on their feedback we realise that critical illnesses have a prolonged effect on one’s life because of expensive treatments that extend beyond one’s stay in a hospital, loss of income and prolonged hardship in some cases.  Hence, Apollo Munich has eliminated the practise of part payment for certain critical illnesses. Optima Vital promises 100% lump-sum pay out on detection of any of the 37 critical illnesses.

Antony Jacob, CEO, Apollo Munich Health Insurance, said “At Apollo Munich, our focus is to constantly challenge ourselves and come up with high quality products with innovative features that ease the financial burden of customers arising out of medical emergencies. Given the increased stress levels and changing lifestyles, Indians are encountering critical illnesses more than ever before. Not only the incidence rate of such diseases is increasing, the number critical illnesses is also on a rise. Hence, there is a deep-felt need in the market for a one stop shop plan that covers all the major critical illnesses to help reduce the financial trauma related to critical illnesses.”  

The customers of Optima Vital are given the option of taking e-opinion from Apollo Munich’s panel doctors, as and when required by them. This is an inbuilt benefit and comes with all sum insured variants. Optima Vital offers the consumer lifelong renewal and shall terminate on first occurrence of any one of the defined critical illnesses. The entry age for the cover is 18 years, with maximum age of entry being 65 years. The policy also offers an income tax benefit under Section 80D.
 

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