About My Health Careers Internship MedBlogs Contact us
Medindia LOGIN REGISTER
Advertisement

Apollo Group Along With DKV Enters Health Insurance Business

by VR Sreeraman on August 9, 2007 at 7:48 PM
Font : A-A+

Apollo Group Along With DKV Enters Health Insurance Business

Apollo Hospitals, one of India's leading healthcare brands, made a "logical extension" Wednesday as it entered the health insurance segment by forging a joint venture with DKV AG, Europe's largest private health insurer.

The joint venture, Apollo DKV Insurance Company, will offer health insurance to people in over 4,000 hospitals including 42 Apollo hospitals across the country.

Advertisement

Commenting on the new venture, Apollo Hospitals chairman Prathap C. Reddy said: "For us it is yet another milestone in a journey that began almost 25 years ago to make healthcare in India available, accessible and affordable to every individual no matter wherever he or she resides."

Apollo will hold 74 percent stake in the new company and the remaining portion will be with DKV AG.

Speaking at a media conference ahead of the official launch, Shobana Kamineni, director of Apollo DKV, said: "Our entry into health insurance is a logical extension of our continued contribution to healthcare delivery in India.
Advertisement

"Our mission is to constantly introduce innovative health insurance, wellness solutions and disease management that meet customer needs," she said.

The company plans to have a presence across 25 cities by the second year of operations and spread to over 100 locations by 2010.

"DKV, the European market leader of private health insurance business, contributes long-lasting health insurance and health-care experiences. Apollo perfectly fits into our strategy to establish private health insurance in growth markets, bridging insurance, medical services and the delivery of health care," said Jochen Messemer, responsible for DKV's international business and also a director of Apollo DKV.

Source: IANS
SRM/C
Advertisement

Advertisement
News A-Z
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Advertisement
News Category
What's New on Medindia
Cervical Cancer Awareness Month 2022
Ultra-Low-Fat Diet
Goji Berries May Protect Against Age-Related Vision Loss
View all

Medindia Newsletters Subscribe to our Free Newsletters!
Terms & Conditions and Privacy Policy.

More News on:
Health Insurance Plan Third Party Administrators for Health Insurance Star Health and Allied Insurance Health Insurance Policies offered by Bajaj Allianz Insurance ICICI Lombard General Insurance Company Limited Health Insurance Health Insurance - Ombudsman Health Insurance - Basics New India Assurance Policies Cholamandalam Health Insurance Policies 

Recommended Reading
Apollo Provides Telemedicine Facility in Its Muscat Hospital
The Apollo Group of Hospitals Monday announced the launch of Apollo telemedicine services at the ......
Apollo Sets Up Asia's First Health City in Hyderabad
Apollo Hospitals Group, one of Asia's largest healthcare groups, Tuesday launched Apollo Health ......
Insurance Coverage Sought for Treatment Under Native Systems too
Indian insurance firms are reluctant to offer cover to those who undergo native medicine treatment....
Cholamandalam Health Insurance Policies
Cholamandalam MS General Insurance Company (Chola MS) a joint venture of Murugappa Group & Mitsui Su...
Health Insurance - Basics
Health insurance guarantees payments to a person in the event of sickness or injury.and works as pr...
Health Insurance - Ombudsman
Insurance Ombudsman institutions work for the purpose of quick disposal of the grievances of the ins...
Health Insurance Plan
With a health insurance policy you and your family can rest assured!...
Health Insurance Policies offered by Bajaj Allianz Insurance
Bajaj allianz health insurance policies protect you and your family in case you need expensive medic...
ICICI Lombard General Insurance Company Limited
Major health care plans from the ICICI Lombard include complete health insurance ihealth plan, perso...
New India Assurance Policies
The existing Mediclaim and Health Plus Medical expenses policies have been discontinued and Mediclai...
Star Health and Allied Insurance
Star Health & Allied Insurance offers a convenient insurance for the corporate people when they tra...
Third Party Administrators for Health Insurance
TPA is an IRDA approved healthcare service provider. TPA processes claims for policy holders on beha...

Disclaimer - All information and content on this site are for information and educational purposes only. The information should not be used for either diagnosis or treatment or both for any health related problem or disease. Always seek the advice of a qualified physician for medical diagnosis and treatment. Full Disclaimer

© All Rights Reserved 1997 - 2022

This site uses cookies to deliver our services. By using our site, you acknowledge that you have read and understand our Cookie Policy, Privacy Policy, and our Terms of Use
open close
ASK A DOCTOR ONLINE
I have read and I do accept terms of use - Telemedicine

Advantage Medindia: FREE subscription for 'Personalised Health & Wellness website with consultation' (Value Rs.300/-)