Apollo Munich Health Insurance vs Future Generali Health Insurance

In the recent years, incidences of diseases and healthcare costs both have been increasing at an alarming rate. Without a financial cushion to fall back on such rising medical costs can impact your finances. Health insurance has thus become a necessity. For some all-inlclusive and value-for-money plans, check out these policies offered by Apollo Munich Health Insurance and Future Generali Health Insurance

Apollo Munich Health Insurance vs Future Generali Health Insurance – Overview 

Parameter Apollo Munich Health Insurance Future Generali Health Insurance
No. of health insurance policies 10+ 13
E-services Policy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer service Policy salePolicy renewalClaim settlementOnline consultationBranch locator24x7 call assistance
Branches 100+ 125+
Claim settlement ratio (CSR) 92% 95.28%
Cashless claim settlement time Within 20 minutes  Within 90 minutes
Network Hospitals  10,000+ 4,000+ 

*Source: The Annual Report of the Insurance Regulatory and Development Authority of India (IRDAI) –years 2019-2020.

Health Insurance Policies: Apollo Munich Health Insurance vs Future Generali Health Insurance

Apollo Munich Health Insurance, now known as HDFC Ergo Health Insurance, is a part of one of the largest financial institutions in India. The company, with a 1,50,00,000 customer base, has been a leading player in the insurance sector for two decades. Its high claim settlement ratio (CSR) of 92% is a testament to its consistent performance. 

Future Generali Health Insurance is a joint venture between one of India’s largest retailers – the Future Group, the global insurer, Generali Group, and a leading investment company – the IITL Group. Future Generali has over 1,20,00,000 policyholders across India and a high CSR of 95.28%. 

Senior Citizen Insurance Policy: 

Apollo Munich has 3 policies to cater to senior citizens’ needs:

  • MyHealth Suraksha Silver Smart Plan 
  • MyHealth Suraksha Gold Smart Plan 
  • MyHealthMedisure Super Top-up 

These policies offer: 

  • Sum insured (SI) amounts up to Rs.15,00,000
  • Coverage for 
    • domiciliary treatment, in-patient, pre and post-hospital care
    • alternate (AYUSH) treatments
    • Organ donor expenses
    • 586 daycare procedures
    • In-patient hospitalization for mental illness 
    • Air and road ambulance expenses 
  • Recovery benefits on long-term hospitalization 
  • Free health check-ups every year
  • SI Reinstatement 
  • Waiver of pre-policy medical check-up up to age 55 years 

Future Generali’s Senior Citizen Policy, called ‘Future Varishta Bima’ offers: 

  • SI amounts up to Rs.10,00,000
  • Coverage for 
    • In-patient hospital care (including expenses for doctors/nursing fees, room rent expenses, expenses for medication and drugs, consultation fees)
    • Daycare procedures
    • Pre and post-hospital care 
    • Road ambulance expenses 
  • Free annual health check-ups
  • 50% reimbursement of pre-policy medical test charges

Critical Illness Policy: 

Apollo Munichs offers: 

  • Two plans – 
  • A Silver Plan covering 8 critical illnesses
  • A Platinum Plan that covers 15 critical illnesses 
  • Protection against life-threatening diseases including cancer, stroke, multiple sclerosis, permanent paralysis, etc.
  • Lump-sum payout of the sum insured (SI) upon diagnosis of the ailments covered
  • Waiver of pre-policy medical check-up up to 45 years of age

Future Generali’s Critical Illness plan ‘Future Criticare’ offers:

  • SI amounts up to Rs.50,00,000
  • Lump-sum payout on the detection of diseases covered 
  • Coverage for 12 critical illnesses such as cancer, stroke, liver failure, and more. 
  • Waiver of pre-policy medical tests up to the age of 45 years
  • 50% reimbursement of pre-policy medical test expenses for individuals aged 46 years and above 

Vector-borne Insurance Policy: 

Apollo Munich has a ‘Mosquito Disease Protection Policy’ that offers: 

  • Coverage for 7 vector-borne diseases such as dengue fever, malaria, chikungunya, etc. 
  • Inclusion of in-patient, pre and post-hospital care expenses 
  • Optional covers for out-patient treatments (including consultation fees, diagnostic tests and pharmacy expenses) 
  • Recovery benefits
  • Health coaching for disease management, fitness, and nutrition 
  • Full payout in case of deaths due to vector-borne diseases 

Future Generali’s ‘Future Vector Care’ offers: 

  • SI amounts up to Rs.7,50,000
  • Coverage for 8 vector-borne diseases such as dengue, malaria, zika-virus, etc. 
  • Lump-sum payout on hospitalization due to a vector-borne disease
  • Waiver of pre-policy medical test for all ages 

With this comparison of Apollo Munich Health Insurance and Future Generali Health Insurance plans, you will be able to make an informed choice.

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