Apollo Munich Personal Accident Plan 2024 Benefits, Features, Buy & Review Details, Reviews

Apollo Munich Personal Accident Plan 2024: Are concerns about the adequacy of your personal accident plan keeping you up at night, especially in the event of an unforeseen incident? If you’re feeling this way, rest assured, you’re not alone. Many individuals share apprehensions about the viability of their personal accident plans and how to ensure comprehensive coverage if an accident occurs. Fortunately, there are several steps you can take to bolster your protection. In this article, we will delve into the specifics of Apollo Munich’s personal accident plan, offering you a comprehensive understanding so you can make an informed decision.

Apollo Munich Health Insurance operates as a collaborative venture between Munich Health, a global frontrunner in health insurance, and the Apollo Hospitals Group, renowned as one of India’s largest chains of hospitals. This company crafts tailored products with a laser focus on catering to customer needs. Apollo Munich provides an array of plans spanning health, travel, and personal accident insurance. In cases of accidents resulting in injuries, fatalities, or permanent/temporary disabilities, their Individual Personal Accident plan extends lump-sum payouts to policyholders.

Apollo Munich Personal Accident Plan 2024

Were you aware that when you’re out and about in Munich, Apollo Munich’s personal accident plan has got you covered should something unexpected occur? This coverage spans accidents that might happen during your vacation, while you’re on the job, or even during your commute to and from work. What’s more, it extends to encompass both medical expenses and the loss of income stemming from the accident. Should you ever find yourself in need of medical support, don’t hesitate to reach out to Apollo Munich – they’re committed to helping you secure the coverage necessary to navigate through this challenging period.

Unlike basic accidental policies, this particular plan goes the extra mile by encompassing accident-related hospitalization, fractures, blood procurement, the transportation of essential equipment, and even the adaptation of your residence or vehicle in the event of total and permanent disability. Its overarching aim is to furnish comprehensive protection against financial setbacks arising from accidents. The demand for personal accident insurance has surged alongside the increasing incidence of accidents. Since it also accounts for expenses linked to accidental death or disability, this plan is truly invaluable. While there are limits to each benefit, they substantially alleviate the financial strain. Moreover, providing accurate occupational information is advised to prevent potential claim-related complications.

Apollo Munich Personal Accident Plan Details 2024

Name Of Article Apollo Munich Personal Accident Plan 2024
Apollo Munich Personal Accident Plan Click Here
Category Insurance
Official Website Click Also

Unique Features of Apollo Munich Personal Accident Plan 2024

The Apollo Munich Personal Accident Plan stands out due to its comprehensive coverage, encompassing both medical expenses and lost wages. Should an accident occur, this insurance policy steps in to assist with hospitalization costs, surgical procedures, and more. Furthermore, if an injury prevents you from working, this policy offers financial support to cover your daily living expenses. For those seeking all-encompassing personal accident insurance that covers every aspect, Apollo Munich emerges as the ideal choice.

Key features include:

  1. Broken Bones – In the event of a bone fracture resulting from an accident, a lump-sum payment will be provided as per the scale outlined in the policy.
  2. Education Fund – If a claim for Accidental Death or Permanent Total Disability (PTD) is approved for the insured individual, the policy will allocate 50% of the total insured amount per dependent child, up to a maximum of two children.
  3. Emergency Ambulance – Costs incurred for transporting the insured individual to the nearest hospital in case of an emergency due to an accident are covered.
  4. Transportation of Mortal Remains – Expenses associated with transferring the deceased individual’s remains to the nearest hospital, their home, or a cremation or burial site, resulting from an accident, are covered.
  5. Blood Procurement – In case a claim is accepted for Accidental Death, Permanent Total Disability (PTD), Permanent Partial Disability (PPD), or Temporary Total Disability (TTD), the policy reimburses the expenses incurred for purchasing blood through a hospital or authorized blood bank.
  6. Transportation of Imported Drugs – If a claim is accepted for Accidental Death, Permanent Total Disability (PTD), Permanent Partial Disability (PPD), or Temporary Total Disability (TTD), the policy covers the expenses of importing medications to India, including freight charges.

Why Should You Buy a Personal Accident Insurance Policy 2024?

You have the option to acquire an individual accident insurance policy without any constraints related to your age, occupation, or health. In reality, it’s advisable to secure this plan as soon as you commence earning. This holds particularly true for individuals with loans or those obligated to make EMIs, as this coverage can serve as a safeguard towards settling any outstanding balances under such circumstances. The premium for this policy is determined based on your occupation rather than your age. You can conveniently make premium payments online and ensure that the policy remains in force without any lapses.

Eligibility Criteria for Apollo Munich Personal Accident Plan 2024

In the event of sustaining injuries from a personal accident in Munich, you could potentially qualify for the Apollo Munich Personal Accident Plan. This plan is designed to offer prompt and economical medical assistance to individuals affected by personal accidents. It encompasses various forms of support, including covering medical costs, aiding in rehabilitation, and addressing lost income. To determine your eligibility, please don’t hesitate to reach out to our team. We’re here to engage in a conversation about your specific circumstances and explore the possibility of assisting you in accessing the necessary treatment.

Category Secure Personal Accident
Age Group Min Entry Age: 91 Days Max Entry Age: 65 Years
Renewal Age Life Long Renewal
Sum Insured Standard – 1 Lac, 2 Lacs, 3 Lacs, 5 Lacs, 7.5 Lacs, 10 Lacs, 25 Lacs and 50 Lacs
Premium – 5 Lacs, 10 Lacs, 15 Lacs, 25 Lacs, 50 Lacs, 1 Cr, 2 Cr and 5 Cr
(Rs. 5 Lacs restricted for age of 70 years and above)
Policy Tenure 1 Year
Family Definition Individual & Family – (Self – 10 times of total annual income), (Spouse & parents – 50% of the proposer’s accidental death SI, Max Rs. 50 Lacs), (Children – 25% of the proposer’s accidental death SI, Max Rs. 10 Lacs)

Product Benefits of Apollo Munich Personal Accident Plan 2024

Benefits Standard Premium
Accidental Death (AD) 100% of Sum Insured
Permanent Total Disability (PTD) AD Sum Insured
Permanent Partial Disability (PPD) AD Sum Insured
Emergency Ambulance Charges Rs. 2000 Rs. 2000
Family Transportation 1 % of AD Sum Insured 1 % of AD Sum Insured; maximum Rs. 1,00,000
Transportation of Mortal Remains 2 % of AD Sum Insured;
maximum Rs. 10,000
Rs. 10,000
Education Fund 10 % of AD Sum Insured;
maximum Rs. 20,000
Rs. 20,000
Temporary Total Disablement [TTD] 100% of AD Sum Insured;
maximum Rs. 5,00,000
100% of AD Sum Insured;
maximum Rs. 15,00,000
Accident Medical Expenses 10% of AD Sum Insured;
maximum 50,000
Not Covered
Broken Bones Not Covered Rs. 1,00,000
Transportation of Imported Medicine Not Covered Rs. 20,000
Purchase of Blood Not Covered Rs. 10,000
Modification of Residence/Vehicle Not Covered 10% of AD Sum Insured;
maximum Rs. 1,00,000
Accident Hospitalization (In-patient) Not Covered Rs. 1,00,000

Exclusion in Apollo Munich Personal Accident Plan 2024

Unintentional Severe Injury that may occur due to or arise from:

  1. Self-inflicted harm, suicide, or attempted suicide, or misuse of substances such as intoxicants, stimulants, drugs, and alcohol.
  2. Engagement in maritime, military, or aerial operations, racing, diving, aviation, mountaineering, rock climbing, any violation of the law with criminal intent.
  3. War or any act of war, actions by foreign enemies, civil defense, insurrection, rebellion, military or usurped authority, chemical, radioactive, or nuclear contamination.
  4. Pregnancy, childbirth, or their complications, congenital internal and external diseases, HIV/AIDS, sexually transmitted diseases, Pre-existing conditions and their complications, etc.
  5. Pre-existing conditions and their complications.

How to Claim Personal Accident Insurance 2024?

Do you have concerns about your vulnerability to personal injuries? If that’s the case, now could be an opportune moment to explore personal accident insurance. This category of insurance can provide coverage for medical expenses and losses you might incur due to an accident, including harm to your property. For further insight into the process of claiming personal accident insurance, continue reading!

In order to initiate the claim process, the following details need to be provided to the Company:

  1. Policy Number
  2. Name and contact details of the policyholder
  3. Location of the accident
  4. Brief description of the incident
  5. Name and address of the attending Medical Practitioner and Hospital
  6. Date of the accident

In the occurrence of a claim pertaining to death or disability, the following documents are required to be submitted:

For Death Claim:

  1. Death certificate (in case of death)
  2. Disability certificate (in case of disability)
  3. Post-mortem report (if applicable)
  4. First Information Report (FIR) report
  5. Medical certificate
  6. Original bills
  7. Completed and signed original claim form

Documents Required to Buy Personal Accident Insurance

Insurance providers often stipulate a specific set of documents when procuring a health insurance plan. To secure an Individual Accident Health Insurance policy, you will typically need to provide the following documents:

  1. Proof of identity
  2. Proof of address
  3. Information regarding pre-existing conditions
  4. Photographs
  5. Medical records
  6. Completed application form