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Apollo Munich Easy Health Standard- Family Floater

Objective

This is an online health insurance policy which aims at covering hospitalisation expenses and certain other related expenses.


What does it do?

Out of the three variants of Easy Health Policy, 'Easy Health Standard' is the first and most basic variant. It covers inpatient hospitalisation, day care procedures i.e, the treatment that does not require an overnight stay in hospital, home hospitalisation, hospitalisation expenses of organ donor and ambulance expenses. In addition, it allows a health check up after four continuous claim-free years. There are no sub-limits in case of inpatient treatment. Cover for Ayurveda, Unani, Sidha and Homeopathy is an added advantage.


Pros

There is no cover ceasing age. It offers a life long insurance.
It provides a discount of 7.5 per cent on advance payment of 2-year premium.
It can cover up to four children while most of the policies cover only up to three children.
This policy can be purchased online.
Premium paid under this policy qualifies for deduction under section 80D of Income Tax Act.


Cons

In case, cumulative bonus has been passed and a claim arises during that year, cumulative bonus would be reduced by 20 per cent in the following year.


Our View

Lifelong renewal makes this policy a preferred one. It will cover you at the age when health insurance is utterly required. This policy is recommended, however, if you are looking for a wider coverage, consider higher variants of Apollo Easy Health Plan.


Suited for

This policy is suitable for a family that needs a basic coverage and  allows to cover up to two adults and four children.

Eligibility
Entry Age (years) 
Minimum18; 3 months for children
Maximum65
Maximum Policy Renewal Age (years)No Limit
Coverage TypeFamily floater
Sum Insured (Rs) 
Maximum5 lakh
Minimum2 lakh
Policy Term (years)1 or 2
Tax BenefitPremium paid is eligible for tax benefit under section 80D of the Income Tax Act
DiscountPremium discount of 7.5% on selecting a policy term of 2 years
No Claim Bonus10% increase in your annual inpatient benefit sum insured for every claim free year, subject to a maximum of 50%. In case a claim is made during a policy year, the cumulative bonus would reduce by 20% in the following year
Grace Period for Policy Renewal15 days
Policy TerminationPolicyholder is allowed to terminate the policy at anytime by giving a written notice. In case no claim has been made under the policy, pro-rata percentage of premium will be refunded. Insurer may also terminate the policy by goving a 30 days notice period
Customer Service 
Address10th Floor, Building No. 10, Tower-B, DLF Cyber City, DLF Phase-II, Gurgaon-122002
Mail to[email protected]
Call to1800-102-0333
SMSEasyhealth' to 56767333
Network HospitalsHttp://www.apollomunichinsurance.com/our-hospital-network.aspx
Additions to the Plan
Scope of Cover
Cashless facilityAvailable at empanelled hospitals in India
Re-imbursementIn case policyholder opts for non empanelled hospital , expenses are re-imbursed within 14 working days from date of submission of all records
Pre-post hospitalisationRelevant medical expenses covered for upto 60 days prior and upto 90 days post hospitalisation
In-patient TreatmentCovered
Day-Care Procedures140 day care procedures are covered
Domiciliary TreatmentCovered
Daily cash for choosing shared accommodationRs 500 per day, Maximum Rs 3,000
Ayush benefitcovered upto Rs 20000
Expenses for organ donor of transplantCovered
Emergency AmbulanceUp to Rs 2,000 per hospitalisation
Health Check-upUpto 1% of Sum Insured only once at the end of a block of every continuous 4 claim free years
Exclusions and Waiting Period
Pre-existing diseasePre-existing Diseases will be covered after a waiting period of 36 months
No claim period30 days from policy start date
Waiting Period24 months for specific illnesses and treatments mentioned in policy document.Domiciliary treatment will be covered if illness continues for 3 consecutive days
General ExclusionsAIDS or related condition.Treatment of mental or related illness.
Cost Details not available on the company's website.