Key features
# The key feature of the product is the sum assured replenishment facility. The product undertakes to reinstate the basic sum insured in case the policyholder exhausts his/her cover in a policy year.
# The restored sum insured can be used to bear the expenses of any other illness that is, dissimilar to the one for which claim has been made earlier.
# This restriction will not be applicable if the claim is made under a floater policy for another family member’s treatment. While the Apollo Munich states that the restoration facility comes at no extra charge, it is likely that all benefits will be factored into pricing at the time of issuing the policy, making it a bit more expensive than basic, standard health policies.
# The product offers to increase the basic sum assured by 50% if you have not filed any claims during the year. If the subsequent year, too, is claim-free, the basic sum insured is doubled.
# The product does not feature sublimits or restriction on age for renewal. This apart, there is no claim-based loading at the time of renewal.
# The feature promoted heavily by the Apollo Munich sum insured restoration for unrelated illnesses & other members in family is its core benefit.
No comments:
Post a Comment