Wednesday 24 January 2018

Star vs Apollo Munich Health Insurance

Today, uncertainties and unforeseen situations make it necessary for all of us to buy a good and comprehensive health insurance plan for ourselves and our family. So are you searching for a health ins plan in the market? This article comprises of a comparison of some vital features and benefits offered by Star Health Mediclaim Policy and Apollo Health Ins Plans.

Choices Everywhere! How Do You Choose Your Health Ins Plan?

The world is full of choices when we talk about health ins plans. Competition within the products enables buyers to choose the best product depending on their needs. All of these products provide various benefits and coverage options. Even then, why is it necessary for you to compare health ins plans?

Price, inclusions, coverage, benefits, etc. are vital aspects while choosing the best health ins plan. Along with the features, your requirement is also significant while making a choice. When you match your needs, go through the product reviews and gather the necessary information, you should be able to choose the plan to be purchased.

Which Options Do You Have For Health Ins Plans?

As mentioned earlier, there are many. But some of the most popular ones are,

      Star Health Mediclaim Policy
      Apollo Health Ins Plans
      Max Bupa
      Religare Health Insurance
      Cigna TTK Prohealth Protect Plan
      Oriental Happy Family Floated Health Plan
      Star Health Mediclassic Insurance Policy and many more.

Remember, each one of the above plans in the market offers a USP. It could be low premium, low claim processing time, etc. One should not be confused with the options or the USP. Instead, if required, make an apple to apple comparison and then take a wise decision.

Comparison of Star Health Mediclaim Policy vs Apollo Munich Health Ins Plans

Now, we will be comparing the comprehensive health ins plan offered by Star Health Mediclaim policy and, Easy Health and Optima Restore plan offered by Apollo Health Ins Plans.

Benefits of the Plan
Insurance Provider

Star Health Mediclaim Policy
Apollo Health Ins Plans

Comprehensive Health Insurance
Easy Health
Optima Restore
Policy Term
1 Year
1 Year/ 2 Years
1 Year/ 2 Years
Sum Insured Option

2 Lakhs INR to 25 Lakhs INR

2 Lakhs INR to 10 Lakhs INR

2 Lakhs INR to 25 Lakhs INR

Eligibility Criteria

Three months to 65 Years

Three Months to 60 Years

Three Months to 60 Years

In-Patient Treatment

Covered up to the sum insured

Covered up to the sum insured

Covered up to the sum insured

Renewal Coverage

Whole life renewal

Whole life renewal

Whole life renewal

Pre Hospitalization

30 Days

30 Days (60 Days, provided, the insured person intimates 5 days in advance before getting hospitalized)

60 Days

Post Hospitalization

60 Days

60 Days (90 Days, provided, the insured person intimates 5 days in advance before getting hospitalized)

180 Days

Home Care

Covered

Covered up to the sum insured

Covered up to the sum insured

Emergency Ambulance Service

5 lakhs sum insured –2000 INR
7.5 lakhs sum insured –3000 INR
10 lakhs sum insured –3500 INR
15 lakhs sum insured –4000 INR
20 lakhs sum insured –4500 INR
25 lakhs sum insured –5000 INR
Up to 2000 INR per hospitalization
Up to 2000 INR per hospitalization
Organ Donor Cost
Not covered
Covered up to the sum insured
Covered up to the sum insured
Dental Treatment
Not covered
Covered
Not covered
Day Care Procedures
Coverage for 101-day care procedures
Coverage for 140-day care procedures
Coverage for 140-day care procedures
Ayush Benefit
Not covered
Covered
Not covered
Benefits of Maternity
Delivery charges are covered after 3 years
Covered after 6 years
Not covered
Daily Cash For Accompanying the Insured Person
5 lakhs sum insured: 500 INR
7.5 lakhs sum insured: 750 INR
10 lakhs sum insured: 750 INR
15 lakhs sum insured: 1000 INR
20 lakhs sum insured: 1000 INR
25 lakhs sum insured: 1500 INR
For an insured child
Easy Health Exclusive
3,4,5 lakhs sum insured : 300 INR per day, maximum 9000 INR

7.50 lakhs sum insured : 500 INR per day, maximum 15000 INR

Easy Health Premium
4,5 lakhs sum insured : 300 INR per day, maximum 9000 INR

7.50 lakhs sum insured : 500 INR per day, maximum 15000 INR
Not covered
Health Check-Up
Covered after three years
Covered after four years
Not covered
Vaccination (In case of post-bite treatment)
Not covered
Not covered
Not covered
Daily Allowance – Hospital
Per day 1500 INR up to 7 days
Not covered
Not covered
Coverage for pre-existing diseases
Coverage rendered after a continuous renewal for 4 years
Coverage rendered after a continuous renewal for 3 years
Coverage rendered after a continuous renewal for 3 years
General waiting time
30 days
30 days
30 days
Restore Benefit
100% - after exhaustion of the sum insured
-
Yes
Cumulative Bonus
NA
10% cumulative bonus for each claim free year accumulating up to 50%
50%
Sub-limits – inpatient treatment
Covered up to sum insured
Covered up to sum insured
Covered up to sum insured
Co-Pay
10% of each claim made by insured people who are above the age of 60 at the entry level
No copay
No copay
Claims Loading
Yes
Applicable
Applicable
Tax Benefit Limit
15000 INR
For senior citizens (above 60 years of age) – 20000 INR
15000 INR
For senior citizens (above 60 years of age) – 20000 INR
15000 INR
For senior citizens (above 60 years of age) – 20000 INR
Newborn Baby Cover
5 lakhs sum insured: 50,000 INR
7.5 lakhs sum insured: 1,00,000 INR
10 lakhs sum insured: 1,00,000 INR
15 lakhs sum insured: 1,00,000 INR
20 lakhs sum insured: 1,00,000 INR
25 lakhs sum insured: 1,00,000 INR
Newborn baby from the age of 1-90 days.
-

Are Health Insurance Reviews As Well Important?

Yes, checking reviews also are necessary. Reviews help you with an understanding of the way the product is faring in the market. Besides, customer comments also help you in knowing remarks, bouquets, and brickbats associated with the health ins plan that you wish to buy.


Apollo Health Ins Plans Reviews

Apollo Munich offers a wide range of health ins plans. Overall, a couple of plans such as Apollo Munich Easy Health std Plan and Apollo Munich Easy Health Excl Plan have rated 5 stars. Apollo Munich Easy Health Prem. Plan, on the other hand, has rated 3 stars.

Given the fact that there are many other choices in the market, to know about other health ins plans when compared with Star Health Mediclaim Policy and Apollo Health Ins Plans, try comparing max Bupa vs Star Health vs Apollo Munich. Along with this, you may also compare Apollo Munich vs Religare Health Insurance and Star Health vs National Insurance.


I have compared most of the inclusions of Star Health Mediclaim Policy, and Apollo Health Insurance Plans by the above chart. But, for any questions or technical understanding of any term, it is better to visit health insurance expert and have the doubts clarified. Consulting a health insurance expert will also help make you a decision on opting for the most appropriate health ins plan suiting your needs.

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