Apollo Munich Optima Restore plan

*Please note that the quotes shown will be from our partners

Apollo Munich Optima Restore Overview

This plan automatically gives back the basic sum insured in case it is exhausted in a policy year.  If the coverage is used up the sum is restored back at no extra cost.

It also comes with a multiplier benefit in case policy is not claimed. The multiplier benefit doubles the sum insured in 2 claim free years!

Points to be noted:

  • The restored sum Insured can be utilized only for claims for new illness or disease for the insured person during the same policy year.
  • The Restore benefit is available only if the existing coverage has been exhausted (including Multiplier benefit) in a policy year.
  • The Restore benefit will not be carried forward to the next year.

Eligibility:

  • Minimum- 5 years, max- 65 years (dependent child can be covered from the 91st day if either parent is covered under this policy).
  • Available on an Individual Sum Insured basis.
  • No maximum cover ceasing age on renewals.

Apollo Munich Optima Restore Policy Details:

  • Policy period of 1 or 2 years
  • This policy can be issued to an individual and/or family. A maximum of 6 members can be covered under a single policy, whether on an Individual or Family floater basis.
  • Option of covering on individual sum insured basis and on family floater basis.
  • For family (spouse, dependent children and dependent parents/ dependent parents in laws) For floater policy, age of the eldest member will be considered while computing premium for the family). A maximum of 2 adults and a maximum of 5 children can be included in a single policy.

Apollo Munich Optima Restore Plan Benefits:

  • In-Patient Hospitalisation –It covers you if hospitalisation is for more than 24 hours.
  • Post-Hospitalisation - It covers your expenses you incur in the 90 days immediately after release from the hospital
  • Day-Care Procedures - It covers you even when you are not in the hospital but at the ease of your home (144 day-care procedures) and domiciliary treatment.
  • Organ Donor - We cover you and your donor.
  • Emergency Ambulance - Ambulance service expense is reimbursed up to Rs. 2000.
  • E-opinion in Case of Critical Illness – Consultation with doctor who at Apollo Munich panel (One opinion per policy year).

Payment Facility:

  • Online
  • Cheque/ Cash/ Credit Card Payment
  • Electronic Clearing System

Tax Benefit: The premium amount paid under this policy qualifies for deduction under Section 80D of the Income Tax Act.

Termination (other than Free Look Period):

  • Can be terminated at any time by providing a written notice.

Requirement for Apollo Munich Optimum Restore Plan:

  • Completed proposal form
  • Pre- Policy Check-up:
    • Pre-Policy Check-up at our network may be required based upon the age and basic sum insured. The company will reimburse 100% of the expenses incurred per insured person on the acceptance of the proposal. The medical reports are valid for a period of 90 days from the date of Pre-Policy Check-up.

Discounts Optimum Restore Premium:

  • 7.5% Discount on premium if Insured Person is paying premium of 2 years in advance. Family Discount of 10% if 2 or more family members are covered under Optima Restore Individual Sum Insured Plan.

Additional Benefits Optimum Restore insurance:

  • 2 Year Premium Calculation
  • 7.5% Discount on premium if Insured Person is paying premium of 2 years in advance

 

Premium Details: The premium under individual coverage will be charged on the completed age of the individual insured member and for family floater coverage the premium will be considered on the completed age of the eldest insured member.

Individual Sum Assured

SI in INR

300,000

500,000

10,00,000

15,00,000

20,00,000

25,00,000

50,00,000

Age Group

1A

1A

1A

1A

1A

1A

1A

0-17

4,285

5,436

6,267

7,511

9,056

9,828

12,636

18-35

5,119

6,495

8,650

10,368

12,500

13,566

17,442

36-45

5,793

7,350

9,984

11,967

14,427

15,658

20,131

46-50

8,474

10,751

14,855

17,805

21,466

23,296

29,952

51-55

10,714

13,594

19,030

22,809

27,499

29,844

38,370

56-60

13,832

17,549

24,955

29,911

36,061

39,136

50,318

61-65

19,208

24,370

35,201

42,192

50,867

55,204

70,977

66-70

26,504

33,627

48,920

58,636

70,692

76,721

98,641

71-75

32,020

40,625

59,689

71,544

86,254

93,609

120,354

76-80

38,424

48,750

72,419

86,802

104,649

113,572

146,021

> 80

44,187

56,063

84,988

101,867

122,812

133,284

171,366

 

Family Floater sum Assured

SI in INR

300,000

500,000

10,00,000

15,00,000

20,00,000

25,00,000

50,00,000

Age Group

1A + 1C

1A + 1C

1A + 1C

1A + 1C

1A + 1C

1A + 1C

1A + 1C

18-35

6,604

8,378

10,822

12,971

15,638

16,971

21,820

36-45

7,158

9,081

11,980

14,359

17,312

18,788

24,156

46-50

9,959

12,635

17,026

20,407

24,603

26,701

34,330

51-55

12,319

15,630

21,376

25,622

30,890

33,524

43,102

56-60

15,467

19,623

27,346

32,777

39,516

42,886

55,139

61-65

20,843

26,444

37,591

45,057

54,321

58,953

75,797

66-70

28,139

35,701

51,311

61,502

74,147

80,470

103,461

71-75

33,655

42,699

62,080

74,410

89,709

97,358

125,175

76-80

40,058

50,824

74,810

89,667

108,103

117,321

150,842

> 80

45,822

58,137

87,379

104,733

126,267

137,034

176,186

 

SI in INR

300,000

500,000

10,00,000

15,00,000

20,00,000

25,00,000

50,00,000

 

 

 

 

 

 

 

 

Age Group

1A + 2C

1A + 2C

1A + 2C

1A + 2C

1A + 2C

1A + 2C

1A + 2C

18-35

8,513

10,800

13,613

16,317

19,672

21,350

27,449

36-45

8,912

11,308

14,546

17,435

21,020

22,812

29,330

46-50

11,868

15,057

19,818

23,754

28,638

31,080

39,959

51-55

14,382

18,247

24,394

29,239

35,250

38,256

49,186

56-60

17,568

22,290

30,420

36,461

43,958

47,706

61,337

61-65

22,945

29,111

40,665

48,741

58,763

63,774

81,995

66-70

30,240

38,368

54,385

65,186

78,589

85,290

109,659

71-75

35,756

45,366

65,154

78,094

94,150

102,179

131,373

76-80

42,160

53,491

77,883

93,351

112,545

122,142

157,040

> 80

47,924

60,803

90,453

108,417

130,709

141,854

182,384

SI in INR

300,000

500,000

10,00,000

15,00,000

20,00,000

25,00,000

50,00,000

Age Group

1A + 3C

1A + 3C

1A + 3C

1A + 3C

1A + 3C

1A + 3C

1A + 3C

 

 

 

 

 

 

 

 

18-35

9,573

12,146

15,164

18,176

21,913

23,782

30,577

 

 

 

 

 

 

 

 

36-45

9,887

12,544

15,972

19,144

23,080

25,048

32,205

 

 

 

 

 

 

 

 

46-50

12,928

16,403

21,369

25,613

30,879

33,512

43,087

 

 

 

 

 

 

 

 

51-55

15,528

19,702

26,070

31,248

37,673

40,885

52,566

 

 

 

 

 

 

 

 

56-60

18,736

23,771

32,127

38,508

46,426

50,384

64,780

 

 

 

 

 

 

 

 

61-65

24,112

30,592

42,373

50,788

61,231

66,452

85,438

 

 

 

 

 

 

 

 

66-70

31,408

39,849

56,093

67,233

81,057

87,968

113,102

 

 

 

 

 

 

 

 

71-75

36,924

46,847

66,861

80,141

96,618

104,857

134,816

 

 

 

 

 

 

 

 

76-80

43,328

54,972

79,591

95,398

115,013

124,820

160,483

 

 

 

 

 

 

 

 

> 80

49,091

62,285

92,160

110,464

133,176

144,532

185,827

SI in INR

300,000

500,000

10,00,000

15,00,000

20,00,000

25,00,000

50,00,000

 

 

 

 

 

 

 

 

Age Group

2A

2A

2A

2A

2A

2A

2A

 

 

 

 

 

 

 

 

18-35

7,167

9,093

12,110

14,516

17,500

18,992

24,419

 

 

 

 

 

 

 

 

36-45

8,555

10,854

14,709

17,631

21,256

23,068

29,659

 

 

 

 

 

 

 

 

46-50

12,171

15,441

21,304

25,535

30,785

33,410

42,956

 

 

 

 

 

 

 

 

51-55

15,343

19,467

27,197

32,598

39,300

42,651

54,838

 

 

 

 

 

 

 

 

56-60

19,567

24,825

35,194

42,184

50,857

55,193

70,963

 

 

 

 

 

 

 

 

61-65

26,350

33,432

48,110

57,665

69,522

75,450

97,007

 

 

 

 

 

 

 

 

66-70

36,300

46,056

66,868

80,149

96,628

104,867

134,830

 

 

 

 

 

 

 

 

71-75

45,094

57,213

83,854

100,508

121,174

131,506

169,080

 

 

 

 

 

 

 

 

76-80

54,523

69,175

102,460

122,809

148,059

160,684

206,594

 

 

 

 

 

 

 

 

> 80

63,335

80,357

121,182

145,249

175,113

190,045

244,344

 

 

 

 

 

 

 

 

 

SI in INR

300,000

500,000

10,00,000

15,00,000

20,00,000

25,00,000

50,00,000

 

 

 

 

 

 

 

 

Age Group

2A + 1C

2A + 1C

2A + 1C

2A + 1C

2A + 1C

2A + 1C

2A + 1C

 

 

 

 

 

 

 

 

18-35

8,651

10,976

14,282

17,118

20,638

22,398

28,797

 

 

 

 

 

 

 

 

36-45

9,920

12,585

16,705

20,023

24,140

26,198

33,683

 

 

 

 

 

 

 

 

46-50

13,655

17,325

23,475

28,138

33,923

36,816

47,335

 

 

 

 

 

 

 

 

51-55

16,948

21,503

29,543

35,411

42,692

46,332

59,570

 

 

 

 

 

 

 

 

56-60

21,201

26,899

37,585

45,049

54,312

58,943

75,784

 

 

 

 

 

 

 

 

61-65

27,985

35,506

50,501

60,531

72,976

79,199

101,827

 

 

 

 

 

 

 

 

66-70

37,935

48,130

69,259

83,014

100,083

108,617

139,650

 

 

 

 

 

 

 

 

71-75

46,729

59,287

86,245

103,374

124,628

135,256

173,900

 

 

 

 

 

 

 

 

76-80

56,157

71,249

104,850

125,674

151,514

164,433

211,414

 

 

 

 

 

 

 

 

> 80

64,970

82,431

123,572

148,115

178,568

193,795

249,165

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SI in INR

300,000

500,000

10,00,000

15,00,000

20,00,000

25,00,000

50,00,000

 

 

 

 

 

 

 

 

Age Group

2A + 2C

2A + 2C

2A + 2C

2A + 2C

2A + 2C

2A + 2C

2A + 2C

 

 

 

 

 

 

 

 

18-35

10,560

13,398

17,074

20,465

24,672

26,776

34,426

 

 

 

 

 

 

 

 

36-45

11,674

14,812

19,271

23,099

27,848

30,223

38,858

 

 

 

 

 

 

 

 

46-50

15,564

19,747

26,267

31,484

37,957

41,194

52,964

 

 

 

 

 

 

 

 

51-55

19,011

24,120

32,561

39,027

47,052

51,064

65,654

 

 

 

 

 

 

 

 

56-60

23,303

29,566

40,658

48,733

58,753

63,763

81,981

 

 

 

 

 

 

 

 

61-65

30,086

38,172

53,575

64,215

77,418

84,019

108,025

 

 

 

 

 

 

 

 

66-70

40,037

50,796

72,333

86,698

104,524

113,437

145,848

 

 

 

 

 

 

 

 

71-75

48,830

61,953

89,319

107,058

129,070

140,076

180,098

 

 

 

 

 

 

 

 

76-80

58,259

73,916

107,924

129,358

155,955

169,254

217,612

 

 

 

 

 

 

 

 

> 80

67,072

85,097

126,646

151,799

183,010

198,615

255,362

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

SI in INR

300,000

500,000

10,00,000

15,00,000

20,00,000

25,00,000

50,00,000

 

 

 

 

 

 

 

 

Age Group

2A + 3C

2A + 3C

2A + 3C

2A + 3C

2A + 3C

2A + 3C

2A + 3C

 

 

 

 

 

 

 

 

18-35

12,893

16,358

20,486

24,554

29,603

32,127

41,306

 

 

 

 

 

 

 

 

36-45

13,819

17,533

22,408

26,858

32,380

35,142

45,182

 

 

 

 

 

 

 

 

46-50

17,897

22,707

29,679

35,574

42,888

46,545

59,844

 

 

 

 

 

 

 

 

51-55

21,533

27,320

36,249

43,448

52,381

56,848

73,090

 

 

 

 

 

 

 

 

56-60

25,872

32,825

44,415

53,236

64,182

69,655

89,556

 

 

 

 

 

 

 

 

61-65

32,655

41,431

57,332

68,718

82,847

89,911

115,600

 

 

 

 

 

 

 

 

66-70

42,605

54,056

76,090

91,201

109,953

119,329

153,423

 

 

 

 

 

 

 

 

71-75

51,399

65,213

93,076

111,561

134,499

145,968

187,673

 

 

 

 

 

 

 

 

76-80

60,828

77,175

111,681

133,861

161,384

175,146

225,187

 

 

 

 

 

 

 

 

> 80

69,640

88,356

130,403

156,302

188,439

204,507

262,937

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Addl. Child

1,950

2,474

2,851

3,418

4,120

4,472

5,749

 

 

 

 

 

 

 

 

 

*The above premium rates may vary. Please check the policy wordings for more information.

Apollo Munich Optimum Restore Renewal Policy:

  • Lifelong renewability:  No maximum cover ceasing age in this policy
  • Grace Period of 30 days for renewal.
  • Waiting period gets reduced by 1 year on every continuous renewal of the insurance policy.
  • Any change in benefits or premium (other than due to change in age) will be done with the approval of the IRDA and will be intimated at least 3 months in advance.

Exclusions:

  • All treatments within the first 30 days of cover excluding accidental injury.
  • Pre-existing condition is covered after a waiting period of 3 years and for specific diseases like cataract, hernia, joint replacement surgeries, surgery of hydrocele etc. a waiting period of 2 years.
  • Expenses arising from HIV or AIDS and related diseases/Congenital diseases, mental disorder or insanity, cosmetic surgery and weight control treatments.
  • Hospitalization due to war/related situations.
  • Pregnancy, dental treatment, external aids and appliances.
  • Experimental, investigative and unproven treatment devices and pharmacological regimens.