To meet the changing needs of customers and rising medical costs, leading health insurance company - Apollo Munich has launched a new flexi policy called 'Optima Restore'.
Mr. Antony Jacob, Chief Executive Officer of Apollo Munich said that Apollo was the first health insurance company in the country to bring the policy without any sub-limits and 100% lifelong coverage.
The major features of the policy are that if the entire insured sum is used during the year, the full amount will be restored back without any paper work or any extra charges. For a no-claim year, the coverage will increase by 50% next year and will double the year after without any paper work or any extra charges. The period for pre- and post-hospitalization has been increased from 90 to 180 days.
The other features of 'Optima Restore' include 100% lifelong renewal, no claim-based underwriting, no sub-limits and no restrictions on room rent.
'Optima Restore' is the first in a series of next generation products, which is based on the extensive research conducted over the past 17 months and analysis of over 250 global products.