HDFC ERGO General Insurance (formerly known as Apollo Munich Health Insurance) ranks among top private-sector health insurance companies in India. Founded on 8 August 2007, it is a joint venture between a pioneer in corporate healthcare in Asia, Apollo Hospitals and a health business segment of leading Germany-based reinsurance company Munich Re, Munich Health. The joint venture stands poised for bringing world-class health care within the reach of every person. Besides, Apollo Munich has associated with eminent partners in the country like Canara Bank, Citi Bank, Indian Overseas Bank, Axis Bank, and many others.
Health insurance is a form of insurance coverage that provides financial protection against the cost of medical expenses and healthcare services. It is a contract between an individual or a group and an insurance company or government program, where the insurer agrees to pay for all or a portion of the insured person's medical costs in exchange for regular premium payments.
Health insurance offers several benefits to individuals and families. Here are some specific benefits of health insurance in India-
- Cashless Treatment: Treatment at network hospitals without upfront payments.
- Hospitalization Expenses: Coverage for room charges, doctor's fees, and medical procedures.
- Pre and Post-Hospitalization: Coverage for medical expenses before and after hospitalization.
- Day Care Procedures: Coverage for specific treatments that don't require 24-hour hospitalization.
- Maternity Benefits: Coverage for pre and post-natal expenses and childbirth.
- Pre-existing Conditions: Coverage for existing health conditions after a waiting period.
- No Claim Bonus: Premium discounts or increased coverage for claim-free years.
- Ambulance Charges: Coverage for emergency ambulance services.
- Tax Benefits: Deductions on health insurance premiums under Section 80D.
- Additional Benefits: Coverage for alternative treatments, critical illnesses, organ transplantation, and international emergencies.
It's important to review and understand the specific terms, conditions, and coverage details of health insurance policies before selecting a plan. Different insurance companies may offer varying benefits and coverage options, so it's advisable to compare policies and choose one that best suits individual healthcare needs.