Skip to main content

Apollo Munich Maxima Health Plan

Invest In Tax Saving Mutual Funds Online

Call 0 94 8300 8300 (India)

 

Apollo Munich Maxima Health

Objective

An inclusive health insurance plan that covers small illnesses under OPD treatment and can also incur inpatient hospitalisation expenses. This policy aims at complete protection including maternity cover and an optional cover against eight chronic diseases.

 

Suited for

This policy is suitable for those seeking an all-in-one insurance cover. It is available on individual and family floater basis. A family floater policy may include proposer, spouse, up to two dependent children.

 

What does it do?

A comprehensive insurance policy which covers inpatient hospitalisation, out patient department treatment, maternity expenses, domiciliary treatment i.e., treatment taken at home, day care procedures which do not require hospitalisation due to technological advancement and other incidental expenses. Under OPD treatment, the insured member(s) are entitled to a limited consultations with doctor. Other OPD benefits like diagnostic tests, pharmacy, dental treatment and spectacles are capped. Critical illness cover and cover for newborn are two optional covers worth buying. Add-on critical illness cover provides for eight chronic illnesses and pays a lump sum on confirmed diagnosis of any of the illnesses. Coverage for other incidental expenses such as pre and post hospitalisation, treatment of organ donor, a specific daily cash allowance for one adult accompanying an insured child under inpatient hospitalisation, are available in the policy.

 

Pros

There is no exclusion or waiting period under OPD treatment cover.
This policy covers diagnostic tests, dental treatment, spectacles, contact lenses under OPD benefits.
Policyholder enjoys a 10 per cent increase in annual inpatient sum insured for every claim-free year up to maximum of 50 per cent of sum insured.
Policyholder is allowed to carry forward 50 per cent of unutilized Entitlement Certificates to the next policy year except for Annual Health Check up.
Premium paid towards this policy is eligible for tax benefit under section 80D of Income Tax Act.

 

Cons

There are no choices to make for inpatient sum insured. This policy is available with sum insured worth Rs 3 lakh only.
There is a capping on most of the benefits both under inpatient hospitalisation and OPD cover.
Cumulative bonus reduces by 20 per cent in the following year when claim has been made.

 

Our View

The policy features a comprehensive protection for an individual and family. It is recommended to take critical illness cover as an add-on to boost the scope of coverage. Maternity cover is another advantageous benefit provided childbirth is planned well before time as it involves a 4-year waiting period. There is no exclusion under OPD cover. Even pre-existing illnesses under out-patient treatment are covered with zero waiting period. Moreover, the policy provides for lifelong renewal. Since most of inpatient and OPD benefits are capped, avoid unnecessary expenses at hospital to avoid risk of slugging your cover

 

Eligibility

Maximum Policy Renewal Age (years)

No Limit

Coverage Type

Individual / Family Floater

Policy Term (years)

1

Sum Insured (Rs)

Maximum

3 lakh

Minimum

3 lakh

Tax Benefit

Premium paid is eligible for tax benefit under section 80D of the Income Tax Act

No Claim Bonus

10% increase in your annual inpatient benefit sum insured for every claim free year, till it reaches 50% of the Sum Assured and 50% carry forward bonus for unutilized OPD benefits(except Annual Health Check-up). In case a claim is made during a policy year, the cumulative bonus would reduce by 20% in the following year

Policy Termination

Insurance company may terminate the policy by giving a written notice of 30 days. Policyholder is allowed to terminate the policy at anytime by giving a written notice. In case no claim has been made under the policy, prorata percentage of premium will be refunded

Customer Service

Address

Apollo Munich Health Insurance Company Limited
Corporate Office: 10th floor, Tower B, Building No. 10, DLF Cyber City, Phase -II, Gurgaon, Haryana-122002
Registered Office: Apollo Hospital Complex, Jubilee Hills, Hyderabad - 500033

Mail to

customerservice@apollomunichinsurance.com

Call to

1800-102-0333 or 1800-103-0555

SMS

Health' to 56767333

Network Hospitals

Http://www.apollomunichinsurance.com/our-hospital-network.aspx

 

Scope of Cover

Cashless facility

Available at empanelled hospitals in India.

Re-imbursement

Available

Pre-post hospitalisation

Relevant medical expenses covered from 30 days prior and 60 days post hospitalisation

In-patient Treatment

Covers boarding, lodging, ICU, Operation theatre, Anesthesia, Blood, Oxygen, Surgical appliances, medicines, drugs and consumable, nursing and medical practitioner charges

Day-Care Procedures

140 in number are covered

Domiciliary Treatment

Covered

Daily cash for choosing shared accommodation

Rs 500 per day, Maximum Rs 3,000

Expenses for organ donor of transplant

Covered

Emergency Ambulance

Up to Rs 2,000 per hospitalisation

Daily Cash for 1 adult accompanying an insured child

Rs 300 per day, maximum Rs 9000

Newborn baby

Optional

Maternity Expenses with waiting period of 4 years

Normal Delivery- Rs 15,000;Caesarean Delivery- Rs 25, 000 (Including Pre/Post Natal limit of Rs 1,500 and infant baby limit of Rs 2,000)

Optional Cover for Critical Illness

Rs 3 lakh covered on an individual basis. It covers against 8 critical diseases namely: cancer, coronary artery (bypass) surgery, first heart attack (myocardial infarction), kidney failure (end stage renal disease), major organ transplantation, multiple sclerosis, paralysis and stroke after a survival period of 30 days after confirm diagnosis of any covered illness. Maximum cover ceasing age is 70 years.

Out-patient Treatment

Covered; It pays for doctor consultation, pharmacy expenses, spectacles, contact lenses, health check-up and diagnostic tests.

Pre-existing illnesses under OPD Benefits

covered without any waiting period

Out-patient Consultations

4 consultations for 1 member cover/ 6 for 2 members cover/ 8 for 2 members + upto 2 children

Diagnostic tests/ Pharmacy/ Dental treatment/ Spectacles, Contact lenses(Rs)

5000 for 1 member cover/ 5500 for 2 member cover/ 7000 for 2 adults + upto 2 children

Health Check-up within specified network and not available on reimbursement basis

1 Entitlement Certificate for 1 member cover, 2 Entitlement Certificates for 2 member and 2 adults + upto 2 children cover option. Allowed to member aged between 18 and 45 years from second year.

 

Exclusions and Waiting Period

under OPD treatment

No exclusions

under Inpatient treatment

Pre existing Diseases

Pre-existing Diseases will be covered after a waiting period of 3 years

No claim period

Any disease contracted during the first 30 days of commencement of the policy except for accidental emrgency

Waiting Period

24 hours for certain diseases and illnesses specified under policy document.Maternity expenses will be covered after a waiting period of 4 years.

General Exclusions

Non allopathic treatment.Any psychiatric or mental disorders.AIDS or any other related conditions.

Happy Investing!!

We can help. Call 0 94 8300 8300 (India)

Leave your comment with mail ID and we will answer them

OR

You can write back to us at PrajnaCapital [at] Gmail [dot] Com

---------------------------------------------

Invest in Tax Saving Mutual Funds ( ELSS Mutual Funds ) to upto Rs 1 lakh and Save tax under Section 80C.

Invest Tax Saving Mutual Funds Online

Tax Saving Mutual Funds Online

These links can be used to Purchase Mutual Funds Online that are regular also (Investment, non-tax saving)

Download Tax Saving Mutual Fund Application Forms from all AMCs

Download Tax Saving Mutual Fund Applications

These Application Forms can be used for buying regular mutual funds also

Some of the best Tax Saving Mutual Funds available ( ELSS Mutual Funds )

  1. ICICI Prudential Tax Plan Invest Online
  2. HDFC TaxSaver Invest Online
  3. DSP BlackRock Tax Saver Fund Invest Online
  4. Reliance Tax Saver (ELSS) Fund Invest Online
  5. Birla Sun Life Tax Relief '96 Invest Online
  6. IDFC Tax Advantage (ELSS) Fund Invest Online
  7. SBI Magnum Tax Gain Scheme 1993 Invest Online
  8. Sundaram Tax Saver Invest Online
  9. Edelweiss ELSS Invest Online

------------------

Best Performing Mutual Funds

    1. Largecap Funds Invest Online
      1. DSP BlackRock Top 100 Fund
      2. ICICI Prudential Focused Blue Chip Fund
      3. Birla Sun Life Front Line Equity Fund
    2. Large and Midcap Funds Invest Online
      1. ICICI Prudential Dynamic Plan
      2. HDFC Top 200 Fund
      3. UTI Dividend Yield Fund
    1. Mid and SmallCap Funds Invest Online
      1. Reliance Equity Opportunities Fund
      2. DSP BlackRock Small & Midcap Fund
      3. Sundaram Select Midcap
      4. IDFC Premier Equity Fund
    1. Small and MicroCap Funds Invest Online
      1. DSP BlackRock MicroCap Fund
    1. Sector Funds Invest Online
      1. Reliance Banking Fund
      2. Reliance Banking Fund
    1. Tax Saver MutualFunds Invest Online
      1. ICICI Prudential Tax Plan
      2. HDFC Taxsaver
      3. DSP BlackRock Tax Saver Fund
      4. Reliance Tax Saver (ELSS) Fund
    2. Gold Mutual Funds Invest Online
      1. Relaince Gold Savings Fund
      2. ICICI Prudential Regular Gold Savings Fund
      3. HDFC Gold Fund

Popular posts from this blog

All about "Derivatives"

What are derivatives? Derivatives are financial instruments, which as the name suggests, derive their value from another asset — called the underlying. What are the typical underlying assets? Any asset, whose price is dynamic, probably has a derivative contract today. The most popular ones being stocks, indices, precious metals, commodities, agro products, currencies, etc. Why were they invented? In an increasingly dynamic world, prices of virtually all assets keep changing, thereby exposing participants to price risks. Hence, derivatives were invented to negate these price fluctuations. For example, a wheat farmer expects to sell his crop at the current price of Rs 10/kg and make profits of Rs 2/kg. But, by the time his crop is ready, the price of wheat may have gone down to Rs 5/kg, making him sell his crop at a loss of Rs 3/kg. In order to avoid this, he may enter into a forward contract, agreeing to sell wheat at Rs 10/ kg, right at the outset. So, even if the price of wheat falls ...

Zero Coupon Bonds or discount bond or deep discount bond

A ZERO-COUPON bond (also called a discount bond or deep discount bond ) is a bond bought at a price lower than its face value with the face value repaid at the time of maturity.   There is no coupon or interim payments, hence the term zero-coupon bond. Investors earn return from the compounded interest all paid at maturity plus the difference between the discounted price of the bond and its par (or redemption) value. In contrast, an investor who has a regular bond receives income from coupon payments, which are usually made semi-annually. The investor also receives the principal or face value of the investment when the bond matures. Zero-coupon bonds may be long or short-term investments.   Long term zero coupon maturity dates typically start at 10 years. The bonds can be held until maturity or sold on secondary bond markets.

Principal Emerging Bluechip

In its near ten year history, this fund has managed to consistently beat its benchmark by huge margins The primary aim of Principal Emerging Bluechip fund is to achieve long term capital appreciation by investing in equity and related instruments of mid and small-cap companies. In its near ten year history, this fund has managed to consistently beat its benchmark by huge margins. This fund defined the mid-cap universe as stocks with the market capitalisation that falls within the range of the Nifty Midcap Index. But, it can pick stocks from outside this index and also into IPOs where the market capitalisation falls into this range. Principal Emerging Bluechip fund's portfolio is well diversified in up to 70 stocks, which has aided in its performance over different market cycles. On analysing its portfolio, the investments are in quality companies that meet its investment criteria with a growth-style approach. Not a very big-sized fund, it has all the necessary traits to invest with...

NFO Review: Edelweiss Select Midcap Fund

      Edelweiss Mutual Fund has announced the launch of another equity fund after a gap of nearly two years. This fund will be focused on mid cap stocks.   Investment Strategy The primary investment objective of the scheme is to generate long term capital appreciation from a portfolio predominantly comprising of equity and equity related securities of mid cap companies. The scheme may invest upto 100% in equity and equity related securities of companies falling in top 101 to 300 companies by market capitalization. However, it may also invest upto 20% in other listed companies as well as in debt and money market instruments.   Fund Manager Mr. Paul Parampreet and Mr. Nandik Mallik will co-manage the scheme. Mr. Paul Parampreet has done PGDM (IIM – Calcutta) and B.Tech (IIT-Kharagpur). With overall experience of 6 years, he has worked with Edelweiss Securities Ltd. SDG India Pvt. Ltd. ICICI Bank and BG India Pvt. Ltd. Mr. Nandik Malik has done MS-Finance (London Business Schoo...

Mutual Fund Review: SBI Bluechip Fund

Given SBI Bluechip Fund's past performance and shrinking asset base, the fund has neither been able to hold back its investors nor enthuse new ones   LAUNCHED at the peak of the bull-run in January 2006, SBI Bluechip was able to attract many investors given the fact that it hails from the well-known fund house. However, the fund so far has not been able to live up to the expectation of investors. This was quite evident by its shrinking asset under management. The scheme is today left with only a third of its original asset size of Rs 3,000 crore. PERFORMANCE: The fund has plunged in ET Quarterly MF rating as well. From its earlier spot in the silver category in June 2009 quarter, the fund now stands in the last cadre, Lead.    Benchmarked to the BSE 100, the fund has outperformed neither the benchmark nor the major market indices including the Sensex and the Nifty. In its first year, the fund posted 17% return, which appears meager when compared with the 40% gain in the BSE 1...
Related Posts Plugin for WordPress, Blogger...
Invest in Tax Saving Mutual Funds Download Any Applications
Transact Mutual Funds Online Invest Online
Buy Gold Mutual Funds Invest Now