Apollo Munich Health Insurance Co. Ltd. is the new name for Apollo DKV Insurance Co. Ltd. The new name was officially announced today as the company embarks on the new re-branding exercise after receiving the required shareholder and regulatory approvals to change its name. The announcement of the 'Apollo Munich' name is a significant milestone as the company is set to scale its business to garner a sizable share of the growing market for health insurance. Headquartered in Gurgaon with an expanding national presence, Apollo Munich is a joint venture between Asia’s largest integrated healthcare provider, The Apollo Hospitals Group, and Germany based Munich Re’s newest business segment, Munich Health.
Munich Health is in fact the new brand under which Munich Re is now offering its healthcare sector services to clients and partners throughout the world. Munich Re is thus bringing together under one banner its global insurance and reinsurance know-how in health. The new brand will come to stand for partnership, excellence and clarity from a company that is the expert in both health and insurance.
Apollo Munich has robust plans to expand its branch network, double the number of policy selling agents and increase the company headcount in its aim to achieve a
market penetration of 5% of the retail health insurance market by 2013-14.
The company’s name change comes at a time when the health industry sector in the country is growing at an aggressive pace and Apollo Munich has set out to provide innovative health insurance products to address "preventive" needs and not merely focus on "curative" needs. Apollo Munich is 74:26 joint-venture between Apollo Hospitals Group and Germany-based Munich Re's newest business segment Munich Health, which came into being following the re-organization of business. DKV is also part of Munich Re of Germany.Health Insurance Policies and Products
Apollo Munich Health Insurance Co. Ltd has the following options in healthcare insurance products for the benefit of Indian consumers namely:
a) Easy Health Standard
b) Easy Health Exclusive
c) Easy Health Premium
These products are available on individual
basis as well as floater