Apollo Munich’s IPA—The Comprehensive Accident Insurance Policy

July 26, 2011 - PRLog -- Apollo Munich, a standalone health insurer, has emerged to simplify health insurance so that people do not stay away from these products. The company is always ready to offer financial security and peace of mind to the people of India in times of medical emergency. There are several products designed looking into health needs of people at different situations of life. Looking into the needs of customers at the time of an accident, Apollo Munich brings Individual Personal Accident Insurance plan, which follows the principle of benefit.

Individual Personal Accident plan is available in two variants: - Standard and Premium; each differing from one another with regard to coverage limits. Standard variant comes with coverage limit in the range of 1 lakh to 50 lakh and Premium variant in the range of 5 lakh to 500 lakh. The plan offers a lumpsum payment, as per terms and conditions of the plan, to the nominee, in the event of an insured’s death due to an accident. It also offers coverage to disablement, both temporary and permanent. The money paid in case of disablement differs with regard to extent of injuries incurred.

There is a long list of benefits that an insured gets along with his plan. It includes sum assured coverage in case of permanent total or permanent partial disablement, Rs. 2000 in case of emergency Ambulance Charges, 1 % of sum assured for family transportation (maximum up to Rs. 1 lakh), 2% of sum assured in case of transportation of mortal remains (maximum up to Rs.10, 000), 10 % of sum assured for education funds (maximum up to Rs. 20,000) and 100% of sum assured in case of temporary total disablement (maximum up to Rs. 5,00,000 in Standard variant and Rs. 15,00,000 in Premium variant).      

Besides it, the list of benefits with Premium variant further stretches to include benefits, such as 20% of sum assured (maximum up to Rs. 1, 00,00) in case of broken bones, 5% of sum assured (maximum up to Rs. 20,000) in case of transportation of imported medicine, 5% of sum assured (maximum up to Rs. 10,000) in case of purchase of blood, 10% of sum assured(maximum up to Rs. 1,00,000) in case of modification of vehicle/residence and Rs. 1,00,000 in case of accident hospitalization.  

This plan is designed keeping in mind the needs of an insured and his/her family members at the time of crises.

More Information about Health Insurance visit- http://www.apollomunichinsurance.com