Apollo Munich Personal Accident

4.2 / 5 based on 24 User Reviews

Apollo Munich Personal Accident Overview

Apollo Munich Health Insurance Company Limited is a joint venture between Apollo Hospitals, one of Asia’s largest integrated healthcare providers’ and Munich Health; the health business segment of Germany-based Munich Re. It started operations in India in the year 2007.  Apollo Munich is a health insurance company that aims to bring excellent health care services within the reach of the common man. The company offers a range of products designed to meet all the requirements of the individual. When it comes to Personal Accident Insurance, the company offers its customers two variants of for its customers to avail.

Why Personal Accident Insurance?

A personal accident insurance plan protects the individual and his or her family members in the event of the unfortunate demise of the insured or if there is a serious accident or injury. Accidents are unpredictable and an accident can create a significantly huge financial burden on the customer and his or her family. Accidents may not be prevented, but an individual can take concrete steps towards protecting him or herself and his or her loved ones by securing their future and providing financial stability. While many people have taken out life insurance policies, a standalone personal accident policy is highly recommended as it will cover the insured person at a nominal premium rate, especially when compared to life insurance policy and also provides the advantage of covering minor injuries and the loss of income.

Personal Accident Insurance plans offered by Apollo Munich

The company offers two types of personal accident insurances plans; one is the Personal Accident Premium Plan and the other is the Personal Accident Standard Plan. Let us take a closer look at the personal accident insurance plans as offered by Apollo Munich.

Apollo Munich Personal Accident Standard Plan

The Apollo Munich Personal Accident Standard plans protect the insured person and his or her family against various scenarios that ranges from minor or major injuries to even death. This plan aims to provide financial stability and security for the insured person and his or her family in the event of an accident. A closer look at the Apollo Munich Personal Accident Standard plans reveals the following benefits:

  • Permanent Total Disablement [PTD] Benefit - A lump sum payment would be made, as per the scale provided in the policy, in the event of Permanent Total Disability of the person insured due to an accident.
  • Permanent Partial Disablement [PPD] Benefit - A lump sum payment would be made, as per the scale provided in the policy, in the event of Permanent Partial Disability of the person insured due to an accident.
  • Accidental Death [AD] Benefit - A lump sum payment would be made in the event of the Death of the person insured, due to an accident.
  • Emergency Ambulance Cover – Expenses that are incurred on an ambulance used to transfer the insured person to the nearest hospital by the shortest route following an emergency caused due to an accident will be covered by the plan.
  • Transportation of Mortal Remains – Expenses that are incurred on transporting the mortal remains of the insured person from the place of the accident or the hospital to his or her residence or hospital or to a cremation or burial ground, will be covered.
  • Education Fund Benefit - If a claim under Accidental Death or Permanent Total Disablement is accepted for an insured person, the company will pay 50% of sum insured per dependent child (up to maximum of two children), provided that such dependent child is pursuing an educational course as a full time student in an educational institution.
  • Family Transportation Benefit - If a claim under Accidental Death or Permanent Total Disablement is accepted, Apollo Munich will reimburse the expenses incurred in transporting one immediate family member to the hospital, provided that such Hospital is located at least 200 km from the insured person’s residence.
  • Temporary Total Disablement Benefit - A weekly allowance would be paid to the insured to compensate for the loss of income because of Temporary Total Disability caused by an accident.
  • Accident Medical Expenses Benefit- If Apollo Munich has accepted a claim under Accidental Death, Permanent Total Disablement, Permanent Partial Disablement or Temporary Total Disablement then the company will reimburse the medical expenses incurred in the hospital.

Eligibility

  • Individuals between the ages of 91 days to 69 years are covered under these plans.
  • The plans are issued for individuals as well as family. In this case, family means self, spouse, dependent children and dependent parents.
  • On renewal, the maximum sum insured for individuals above the age of 70 years is restricted to Rs. 5,00,000 only.
  • The plans cover a period of one year.

Renewal

  • The plan has no maximum cover ceasing age. Therefore, the plan has lifelong renewability.
  • A Grace Period of 30 days is provided for renewing the policy.

Apollo Munich Personal Accident Premium Plan

The Apollo Munich Personal Accident Premium plans protect the insured person and his or her family against various scenarios that ranges from minor or major injuries to even death. This plan aims to provide financial stability and security for the insured person and his or her family in the event of an accident. A closer look at the Apollo Munich Personal Accident Premium plans reveals the following benefits:

  • Permanent Total Disablement [PTD] Benefit - A lump sum payment would be made, as per the scale provided in the policy, in the event of Permanent Total Disability of the person insured due to an accident.
  • Permanent Partial Disablement [PPD] Benefit - A lump sum payment would be made, as per the scale provided in the policy, in the event of Permanent Partial Disability of the person insured due to an accident.
  • Accidental Death [AD] Benefit - A lump sum payment would be made in the event of the Death of the person insured, due to an accident.
  • Emergency Ambulance Cover – Expenses that are incurred on an ambulance used to transfer the insured person to the nearest hospital by the shortest route following an emergency caused due to an accident will be covered by the plan.
  • Transportation of Mortal Remains – Expenses that are incurred on transporting the mortal remains of the insured person from the place of the accident or the hospital to his or her residence or hospital or to a cremation or burial ground, will be covered.
  • Education Fund Benefit - If a claim under Accidental Death or Permanent Total Disablement is accepted for an insured person, the company will pay 50% of sum insured per dependent child (up to maximum of two children), provided that such dependent child is pursuing an educational course as a full time student in an educational institution.
  • Family Transportation Benefit - If a claim under Accidental Death or Permanent Total Disablement is accepted, Apollo Munich will reimburse the expenses incurred in transporting one immediate family member to the hospital, provided that such Hospital is located at least 200 km from the insured person’s residence.
  • Temporary Total Disablement Benefit - A weekly allowance would be paid to the insured to compensate for the loss of income because of Temporary Total Disability caused by an accident.
  • Transportation of Imported Medicine – Apollo Munich will reimburse expenses that have incurred as freight charges for importing medicines into the country if those medicines are not available within India. The company will reimburse the expenses for the transportation of imported medicine if it has accepted a valid claim under Accidental Death, Permanent Total Disablement, Permanent Partial Disablement or Temporary Total Disablement.
  • Broken Bones – In the event of a fracture of bone/s due to an accident, Apollo Munich will make a lump sum payment as per the scale provided in the policy.
  • Purchase of Blood - If Apollo Munich has accepted a valid claim under Accidental Death, Permanent Total Disablement, Permanent Partial Disablement or Temporary Total Disablement it will reimburse expenses that have incurred as freight charges for the purchase of blood as medically necessary.
  • Modification of residence/vehicle -  If Apollo Munich accepts a claim under Permanent Total Disablement, then reasonable expenses that are incurred to modify the insured person’s residence or vehicle will be covered.
  • Accident hospitalization (inpatient) - Medical expenses that are incurred for the inpatient treatment of the insured person who has met with an accident  will be covered.

Eligibility

  • Individuals between the ages of 91 days to 69 years are covered under these plans.
  • The plans are issued for individuals as well as family. In this case, family means self, spouse, dependent children and dependent parents.
  • On renewal, the maximum sum insured for individuals above the age of 70 years is restricted to Rs. 5,00,000 only.
  • The plans cover a period of one year.

Renewal

  • The plan has no maximum cover ceasing age. Therefore, the plan has lifelong renewability.
  • A Grace Period of 30 days is provided for renewing the policy.

Exclusions

There are certain factors that are excluded from the scope of coverage of travel insurance. The exclusions are as follows:

  • Suicide, attempted suicide or willfully self-inflicted injury or illness, mental disorder, anxiety/stress/depression/nervousness, venereal disease, alcoholism, drunkenness or drug abuse
  • Manual work or hazardous occupation, self-exposure to needless peril (except in an attempt to save human life), engaging in any criminal or illegal act.
  • Pregnancy, resulting in childbirth, miscarriage, abortion, or complication arising out of any of the foregoing.
  • War or any act of war, invasion, act of foreign enemy, war like operations, civil war, public defense, rebellion revolution, insurrection, military or usurped acts, riot, terrorism, chemical, radioactive or nuclear contamination.
  • Participation or involvement in naval, military or air force operations, racing, diving, aviation, scuba diving, parachuting, hang-gliding, rock or mountain climbing.
  • Any breach of law with criminal intent.
  • Abuse of intoxicants or hallucinogens including drugs & alcohol.

Premium Calculator

Apollo Munich provides the facility of premium calculation to prospective individuals seeking to buy personal accident insurance plans from the company. Following are some of the instances where the premium has been calculated using the company’s calculator:

  • A wants to apply for a Personal Accident Insurance Standard plan for himself for a value of Rs.3 lakhs. His annual premium works out to be Rs. 410 only.
  • B wants to buy a plan for himself and his newly married wife. He approaches Apollo Munich with a proposal to cover himself and his spouse for a total of Rs. 15 lakhs. The premium for their Personal Accident Premium Insurance plans comes to Rs.11, 830.
  • C needs a personal accident premium insurance plan for his family comprising of himself, his wife and his two children. The coverage sought is Rs.50 lakhs for which the premium charged is Rs. 11,425.
  • D needs a personal accident standard insurance plan for his family comprising of himself, his wife, two children and his two parents. The coverage sought is Rs.1 crore for which the premium charged is Rs. 3591.

The table tabulates the above data for an instant reference

Applicant

Number of members covered

Sum Assured (Rs.)

Premium (with taxes) (Rs.)

A

1

3 lakhs

410

B

2

15 lakhs

2560

C

4

50 lakhs

11,425

D

6

1 crore

3591


Applying for Personal Accident Insurance Plans from Apollo Munich

The Personal Accident Insurance plans offered by Apollo Munich can be applied to through multiple channels. A person who wishes to avail of a Personal Accident Insurance Plan from Apollo Munich may opt for any of the following ways to do so:

  • Individuals desirous of availing any of the personal accident insurance plans can simply call the Sales helpline of the company and speak to the customer service representative.
  • They can provide their name, mobile number and email id on the website of the company and request for a call back
  • Lastly, customers may also visit the company’s branches or get in touch with an agent to buy the plans required.

Apollo Munich Personal Accident - FAQs

1. How to pay premium? What are the modes of payment available?

Apollo Munich Personal Accident offers three different modes for payment of the premium.

  • You can get for the auto renewal process through the help of the mandate.
  • You can deposit cash or cheque at the bank with the policy details
  • You can also login to the site and make a direct payment.

2. How can I check Apollo Munich Personal Accident policy status?

  • You can check the policy status online by login into e-Portal with valid User Id and Password.

3. What is the policy renewal process for Apollo Munich Personal Accident?

  • You can renew the policy online. Simply go to the e-portal and follow the steps for renewing the policy.
  • Please Note: 3rd party payment is not acceptable through online channel.
  • Online renewal is not allowed if the policy is in grace period.

4. What is the company’s process to settle claim for Apollo Munich Personal Accident?

Apollo Munich Personal Accident offers two types of claims;

  • Cashless Claim :- Under cashless claim, you need to utilize the hospitals that are on the panel of this insurance company. Verification by TPA will be done and upon authorization, direct payment will be made to the hospital.
  • Reimbursement Claim :- For reimbursement claim you need pay upfront to the hospital and seek reimbursement from the insurers. You need to submit valid documents with claims forms to proceed. The claims are settled within 7 working days.

5. What is the policy cancellation process for Apollo Munich Personal Accident?

  • You can cancel the policy, provided no claims have been made under it. The premium will be refunded as per the policy T&C.
  • You can cancel your policy during the Freelook period of 15 days from receiving your policy kit. In case of Free Look cancellation, the insurer will deduct medical checkup expenses, stamp duty charges and service tax incurred on your policy.

You might be interested following insurance plans provided by Apollo Munich:

Apollo Munich Personal Accident Reviews

TOTAL REVIEWS (24)
Umang
Jhanjharpur
July 27, 2016

Insurance Policy

I took personal accident insurance policy after i realize that it is very much important to save many life. The apollo munich general insurance is the best insurers among all, it provides best deal in low premiums. Service is fantastic and easy claiming system.

Bhanu
Karnal
July 21, 2016

Personal Accident Insurance

My personal accident insurance plan is good policy and i buy it from apollo munich insurance company. The large number of hospitals are ready to give service 24X7 to the customers. Even the ambulance is facilitate to them for free. Fantastic investment for personal insurance.

Tapish
Greater_noida
July 01, 2016

Good

Personal accident insurance plan is very important and i have one in very low premiums. The policy coverage is high and the premium is very less. Claims are good and simple documentation and hassle free processes. Accidental death benefits is also in the plan.

Mansi
Jalandhar
June 24, 2016

Trustable Plan

I bought personal accident insurance plan which I have in very low premium. The policy coverage is high and the service is very quick that's why the sanctioning the claims is easy. The policy have accidental death benefits also. Good number of hospitals and ambulance is for free.

Akanksha
Dwarka
May 25, 2016

Satisfactory Plan

The policy I have is manageable, policy coverage is good approx. 78% and the claims are normal. Premium is low. Service is bit slow, the executives and staff members behave well with customers. Apollo munich personal accident plan is satisfactory for me.

Lavanya
Faridabad
May 25, 2016

High Returns In Low Premium

My friend advice a great policy, So I took apollo munich personal accident plan. The plan has inbuilt ambulance facility and the large number of hospitals are working for fast and on time service. Policy coverage is high ~90% and the claims are high. Premium is low. I like the policy.

Kanika
Bisalpur
May 25, 2016

Damn Good

I purchase personal accident insurance plan. The policy coverage is high and the claims are better. Service is fast which facilitate by the executives and staff of the company. The number of hospitals is huge and ambulance if facilitate for free. Good investment which insure personal health.

Bhumika
Srinagar
May 25, 2016

Power Plan

I bought personal accident insurance plan. The policy coverage is high and the claims are even better. The service provided by the executives and the staff members is fast and on time. Ambulance is facilitate for free and large number of hospitals are giving good service to policyholder.

Surbhi
Masaurhi
May 25, 2016

Best Plan

This plan facilitate many things which others not do. Ambulance provide free pick and drop. Huge number of hospitals are there for fast service. Policy coverage is high ~87% and the premium is low. Claims are high and easy to sanctioned due to fast service provided by the executives and staff members. Apollo munich personal accident plan is the best.

Zareen
Krishnagiri
May 25, 2016

Wonderful Policy

I have apollo munich personal accident plan which satisfy my need. Policy coverage and claims are high and the premium is low. Service facilitate by the executive and staff member is fast and on time. The updates regarding policy is send to me regular time of interval. Good investment.

Neha
Kalyan
May 25, 2016

Fine Policy

My personal accident plan is good and i bought it from apollo munich general insurance. The policy coverage is high and the premium is low. Policy has inbuilt benefits like ambulance is giving pick and drop service without taking extra charge. I like the policy, Good experience.

Anushka
Rajkot
May 25, 2016

Perfect Plan

I have personal accident plan which i buy from apollo munich general insurance. Policy coverage is good and the claims are even better. Service is very fast and given by the executives. Ambulance provide pick and drop without taking any charges. Good investment, Good experience.

Gunjan
Ludhiana
May 25, 2016

Very Nice

The policy coverage is high ~89% and the claims are good. Premium is low and the payback returns are good. Even the ambulance is facilitate for free and huge number of hospitals are there for fast service. Apollo munich general insurance provides me personal accident insurance plan, which is really very good. I like the terms and conditions of the policy.

Deepti
Gangtok
May 25, 2016

Good

Apollo munich personal accident plan is one of the best plan. I took it it at very low premium. The policy coverage is high and the claims are even better. Service facilitate by the executives and staff is fast and on time. Ambulance don't charge a single rupee for pick and drop. The large number of hospitals is very positive point, so no delay in service.

Shruti
Nawada
May 25, 2016

Better Plan

I purchase personal accident insurance plan. The insurer is apollo munich general insurance. The policy coverage is high ~89% and the policy claims are best. Easy to sanctioned the claims due to fast service. The behaviour of the staff and executives is very nice. Good investment, I like the plan.

Suhasini
Shahabad
May 25, 2016

Good Deal

Apollo munich personal accident insurance plan I bought at very low premium. The policy coverage is high and the claims are even better. Service is good and fast which facilitate by executives and staff members. The ambulance is providing for both sides for free. Hospitals are many so that many options are there for fast assistance.

Arushi
Ambala
May 25, 2016

Fantastic

The policy I have is apollo munich personal accident plan. The policy is good which has low premiums and the policy coverage is high. Service is quick and on time which is given by the company. Huge number of hospitals are working to provide fantastic service. Even the ambulance is facilitate which don't charge. Good investment.

Diksha
Noida
May 25, 2016

Good Investment

By long searching, finally got the personal accident insurance plan which i buy from apollo munich general insurance. The policy coverage is high ~85% and the premium is low as compare to paybacks. Claims are good and easily sanctioned becasue of fast service given by executives. Nice investment which i like.

Smriti
Jammu
May 25, 2016

Beneficial Plan

Recently purchase apollo munich personal accident insurance plan. The policy coverage is high and claims are even better. The premium is low and the payback amount is high. Service is really very good provided by the staff of the company. Good number of hospitals and ambulance is facilitate for free of charge.

Rimjhim
Patna
May 25, 2016

Responsive Faculty

Buy apollo munich personal accident plan which has many benefits like ambulance is not charge for ride and the number of hospitals is big so the service issues are not occur. Policy coverage is good ~87% and the claims are high. Claiming process is easy due to executives and staff members, they provide good and fast service.

Amrita
Pune
May 25, 2016

Nice Plan

I purchase personal accident policy plan from apollo munich general insurance. The policy coverage is high and the premiums are low. The service facilitate by the executives and staff members is good and fast. ambulance is facilitate for free and the hospitals are high in number which increase the availability for policyholders.

Omika
Jaipur
May 25, 2016

Average

My apollo munich personal accident plan is an average policy. The premium is low. The policy coverage is good ~79% and the claims are okay. Service is normal which facilitate by the company staff. The ambulance is facilitate for free and the hospital are good in number. Satisfactory.

Parihar
Jhansi
May 25, 2016

Good

Apollo munich personal accident plan is good. The premium is low and the policy coverage is high. Service is good and fast that's why the claims are easily sanctioned. The ambulance is facilitate and the ride is included in the policy no extra charges for it. Huge number of hospitals are there to provide good service.

Sidharth
Agalpur
May 12, 2016

Trustworthy

I purchase apollo munich personal accident plan. The policy is fantastic which facilitate the best returns in low premiums. The policy coverage is high ~89% and the claims are good. The claiming procedure is easy because the service provided by the executives and staff members of the company is awesome. Good plan, I like it.