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Apollo Munich Personal Accident Insurance Plans Benefits & Exclusions

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Apollo Munich Personal Accident Insurance policy provides coverage against some major issues caused due to sudden accidents. This Policy includes major injuries like loss of limbs, burns, etc. However buying a stand-alone personal accident plan is often the best solution to the people. Also, the individual personal accident insurance plans will cover the cost of treatment. These plans will provide lump sum amounts in case of a significant injury. Therefore, use the Apollo Munich Insurance Personal Accident Insurance to overcome the Loss of the Accident.

Apollo Munich Personal Accident Insurance

You may face distressing surprises like upsetting one’s life and accidents which cause financial privations to the family members. So better buy the Insurance Plan offered by the Apollo Munich General Insurance Company to overcome the hardships. The Customer met with an accident disturbs mentally and economically. To avoid this situation, you must buy Apollo Munich Individual Personal Accident Insurance Policy. The Family of the Insured might suffer from the financial problems if the breadwinner met with an accident which causes injury or death. The Apollo Munich Personal Accident Insurance Policy covers the Primary Insured, Spouse, Dependent Children, Dependent Parents and Parents-in-law.

Before buying the Policy, the Customer must check the Key Features, Benefits, Coverages, Exclusions, Eligibility, Addon Covers. If satisfied with all the conditions, buy the Apollo Munich Personal Accident Insurance Policy. The Premium depends on the Insured Location, Occupation and Benefit Covers opted. Ambulance Charges, Hospital Confinement Allowance is offered in the Policy. The Policyholder can avail the Cumulative Bonus if not applied for a claim for the expiring policy. Permanent Total Disability benefit is provided with some additional benefits.

Individual Personal Accident Standard Plan

Just a thought about an accident is enough to give goosebumps especially when one is the only earning member of the family. The Apollo Munich individual personal accident policy suggests the best way decrease the risk from unforeseen happens in everybody’s life. This also offers various benefits to the policyholder like family transportation, education fund, purchase of blood, emergency ambulance cover, and much more. The Apollo Munich Insurance provide the personal accident policies in two ways as Standard & Premium, and these plans can be issued to an individual or family; wherein the family may include dependent children, spouse, & dependent parents. This article contains the details of the Individual Personal Accident plans present in the Apollo Munich Personal Accident Insurance.

Key Benefits of Standard Personal Accident Plan

The key benefits of Apollo Munich Individual Personal Accident Plan are classified into nine various categories as follows.

  • Transportation of Mortal Remains – Expenses incurred in transporting the ending lives of the life insured from the place of the accident/the hospital to his residence or hospital or a cremation or burial ground.
  • Family Transportation – Under the AD/PTD if the claim was acquired, the company will pay expenses contracted in transporting one immediate family member to the nearest hospital. In that situation, the hospital should be placed at least 200 km from the residence of insured person’s.
  • Permanent Partial Disablement [PPD] – In the event of Permanent Partial Disability occur due to an accident, then a lump sum payment would be made, as per the scale is given in the policy.
  • Emergency Ambulance Cover – Expenses are provided for an ambulance used to transfer the insured person to the nearest hospital due to an accident.
Additional Benefits
  • Temporary Total Disablement – A weekly allowance should be paid to the insured person to compensate the loss of income to the life insured or to he/she family because of Temporary Total Disability caused by accident.
  • Accidental Death [AD] – In the event of the Death due to an accident, a lump sum payment would be made.
  • Accident Medical Expenses – The company will reimburse the medical expenses to the insured person in the hospital, If we have accepted a claim under AD, PTD, PPD or TTD.
  • Permanent Total Disablement [PTD] – A lump sum payment would be made to the policyholder, as per the scale is given in the policy.
  • Education Fund – For an Insured person if a claim under AD or PTD is accepted for an insured person, the company will pay 50% of sum insured per dependent child (up to the max of two children). Also provided that such dependent child is pursuing an educational course as a full time student in an educational institution.

Eligibility Details of Apollo Munich Standard Plan

  • Minimum Age: 91 days.
  • Maximum Age: 69 years.
  • The Maximum insured at the time of Renewal process for age above 70 years restricted upto Rs 5,00,000.
  • The Standard policy of Apollo Munich Plan will be issued for one year.
  • This policy can issue for an individual and a family.

Exclusions

The various incidents which do not exist (Exclusions) by this Apollo Munich Personal Accident Insurance policy are listed here.

  • Suicide or attempted suicide Self-inflicted injury, abuse of intoxicants or prescription including drugs and alcohol.
  • Aviation, Involvement in naval, military or air-force operations, diving, racing, any breach of law with criminal intent.
  • Radioactive or nuclear contamination, public defence, Act of foreign enemy, insurrection, military or revolution, usurped acts, chemical.
  • Congenital internal & external diseases, pregnancy or childbirth or its complications, HIV/AIDS, sexually transmitted diseases, Pre-existing conditions & their complications.

Renewal Process

  • No maximum cover terminate age in this policy.
  • Grace Period of 30 days for renewing the policy is available under this policy.

Individual Personal Accident Premium Plan

Premium Plan, the another type of personal accident plan covered under this Apollo Munich Insurance company. We can’t predict some unfortunate situations like sudden accidents in our life. These situations might bring huge financial burden to you and your family. The various details of key features, Benefits, Exclusions are here.

Key Benefits of Individual Personal Accident Premium Plan

  • Accidental Death [AD] – In the event of mortality due to an accident, a lump sum payment made to the policyholder.
  • Permanent Total Disablement – A lump sum amount given, as per the scale mention in the policy, in the event of Permanent Total Disability due to an accident.
  • Permanent Partial Disablement [PPD] – PPD means Permanent Partial Disability. During this PPD, a lump sum payment made, as per the scale provided in the policy. To the life insured.
  • Emergency Ambulance Cover – Incase of transfer the insured person to the nearest hospital by the shortest route. It may cause due to an accident expenses incurred on an ambulance used.
  • If a claim under AD/ PTD accepted, the company refund amounts incurred in transporting one immediate family member to hospital. In that situation, the hospital present at least 200 km from the residence of insured people.
Additional Benefits
  • Transportation of Mortal Remains – Expenses incurred in transporting the mortal remains of the insured person from the place of the accident/ a cremation/burial ground.
  • Education Fund: Whenever a claim under AD or PTD took for an insured person, the company will pay 50% of sum insured per a dependent child. Given that such dependent child pursuing an educational course as a full-time student in an educational institution.
  • Temporary Total Disablement –  A weekly allowance should pay to the insured person to compensate the loss of income to the life insured or to the family because of Temporary Total Disability caused by accident.
  • Accident Medical Expenses – The company will reimburse the medical expenses to the insured person in the hospital.
  • Broken bones: A lump sum payment would make as per the scale is given in the policy, in the event of rupture of bone due to an accident.

Eligibility

  • Minimum Age: 91 days.
  • Maximum Age: 69 years.
  • The Maximum insured at the time of Renewal process for age above 70 years is upto Rs 5,00,000.
  • The policy issued for 1 year.

Exclusions

  • Suicide or attempted suicide Self-inflicted injury, abuse of intoxicants or prescription including drugs and alcohol.
  • Aviation, Involvement in naval, military or air-force operations, rock or mountain climbing, racing, any breach of law with criminal intent.
  • Radioactive or nuclear contamination, public defence, Act of foreign enemy, rebellion, revolution, insurrection, military or usurped acts, chemical.
  • Congenital internal & external diseases, pregnancy or childbirth or its complications, HIV/AIDS, sexually transmitted diseases, Pre-existing conditions & their complications.

Apollo Munich Personal Accident Insurance Plan Premium Calculator

The Apollo Munich General Insurance Company offering a feature called Premium Calculator for the policyholder to calculate the premium amount. With the help of this premium calculator, you can compute the Premium Amounts, Sum Assured, etc. The Calculator was available on the official website of Apollo Munich Insurance Company which is apollomunichinsurance.com. The Insured can use this Apollo Munich Individual Personal Accident Insurance Premium Calculator for easy calculation. Before going to calculate the Apollo Munich Premium Amount you need to have the following details. The essential details are here in addition to the process.

  • Policy Number.
  • Name of the Policyholder.
  • Policy Term.
  • Date of Birth, and
  • Email Id etc.

How to Buy Apollo Munich General Personal Accident Insurance Policy?

The Customer must check all the details before buying the Apollo Munich Personal Accident Insurance Plan. Verify the details like Features, Coverages, Benefits, Add on Covers and take your final decision for buying the Policy. There are three ways to purchase the Personal Accident Insurance Plan. The First Method is to visit the Branch Office which is nearer to you while buying the policy. Take the Application Form or Proposal Form and submit the form along with the necessary documents listed below.

The Insured may also contact the Agent of the Apollo Munich General Insurance Company to take the Apollo Munich Policy. Finally, the last and easiest way to buy the Apollo Munich General Individual Personal Accident Insurance Plan is to Buy Online. The Necessary Documents to buy the new policy are here.

  • Proposal Form/ Application Form.
  • Address Proof.
  • Age Proof.
  • Passport Size Photos, and
  • Medical Reports, etc.

Apollo Munich Individual Personal Accident Insurance Policy Renewal

You can easily renewal your buyed policy in two modes. There are either in Online or Offline Modes. Visit the Apollo Munich General Branch Offices which is nearest to you. You can be renewing your Apollo Munich General Individual Personal Accident Insurance Plan. Another way to renew your Apollo Munich Personal Accident Insurance Policy is checking the Official Website. There you can find an option called Renew Online. Click on the service and Renew your Apollo Munich Individual Personal Accident Insurance Plan. Last but not the least method is directly contacting the Agents of the Company.

Claim Process of Apollo Munich General Individual Personal Accident Insurance Policy

In the case of the happening of sudden accidents to the Insured, you can notice info about the Medical Expenses. The Policyholder should submit the relevant documents for the Claim Settlement. The completed claim form along with all required/ relevant hospitalisation documents should be submitted to the company. The list of documents for the claim process is

  • Proof of Accident and Disability.
  • Cancel check or Bank Passbook xerox.
  • Discharge form.
  • Original policy Bond / Document.
  • NEFT Payout Form, and
  • Death certificate ( If in the case of the eventual death of the Life Insured).