Apollo Munich Health Insurance vs Oriental Health Insurance

Do you have the misconception that health insurance is expensive? If so, it is only fair you give yourself a chance to change your mind. While some health insurance policies are costly, there are plenty of insurance policies that are affordable and yet provide comprehensive protection. Take it from the two of the country’s leading insurers Apollo Munich Health Insurance and Oriental Health Insurance. They offer some of their best health insurance policies at cost-efficient rates. Check out this comparative guide to see what other benefits they offer in their policies.

Apollo Munich Health Insurance vs Oriental Health Insurance – Overview 

Parameter Apollo Munich Health Insurance Oriental Health Insurance
No. of health insurance policies  10+ 10+
E-services Policy salePolicy renewalClaim settlementOnline consultationBranch locator 24×7 customer service Policy salePolicy renewalClaim settlement Branch locatorOnline consultation24x7 customer support
Branches 200+ 1000+
Claim settlement ratio (CSR) 92% 94.28%
Cashless claim settlement time 20 minutes  Unspecified
Network Hospitals  10,000+ 4,300+

*Source: The Annual Report of the Insurance Regulatory and Development Authority of India (IRDAI) –years 2019-20.

Health Insurance Policies: Apollo Munich Health Insurance vs Oriental Health Insurance

Apollo Munich Health Insurance and Oriental Health Insurance have been at the forefront in providing health insurance for decades. The two insurance companies have an excellent CSR, a value that mirrors the excellent services they provide to their customer base. They offer a range of health insurance policies, operate across the nation’s best cities and remotest towns, and have tie-ups with leading network hospitals. 

Family Floater Policy: 

Apollo Munich offers 6 health insurance policies for parental care: 

  • Optima Restore 
  • Health Wallet 
  • MyHealth Suraksha Silver Smart
  • MyHealth Suraksha Gold Smart 
  • MyHealth Suraksha Platinum Smart 
  • MyHealth Medisure Super Top-up 

These policies provide: 

  • Sum insured (SI) amount options up to Rs. 20,00,000
  • Insurance coverage for: 
  • Pre and post-hospitalization expenses 
  • In-patient hospitalization expenses
  • Domiciliary/ home hospitalization
  • Daycare procedures 
  • Ayurveda, Unani, Siddha, Homeopathy (AYUSH) treatments 
  • Organ donor transplant expenses
  • Mental healthcare/ treatment of mental illnesses 
  • Advanced technology treatments 
  • Road and air ambulance charges 
  • Daily hospital cash allowances
  • A post-hospitalization recovery benefit
  • The option to pay premiums in installments 

Oriental Health Insurance’s Family Floater Policy, called the Happy Family Floater Policy offers:

  • Silver, Gold and Diamond sub-policies
  • SI amounts up to Rs. 20,00,000
  • Insurance coverage for
  • Pre and post-hospitalization expenses
  • In-patient hospitalization expenses
  • Domiciliary/ home hospitalization 
  • AYUSH treatments 
  • Daycare procedures 
  • Organ donor transplant expenses 
  • HIV/ AIDS treatment for all stages 
  • Treatment for mental illnesses 
  • Maternity and newborn baby needs 
  • Advanced technology treatments 
  • Second medical opinion for critical illnesses 
  • Ambulance charges and daily hospital cash allowances
  • 100% restoration of the SI on exhaustion of the base SI 

Senior Citizen Policy: 

Apollo Munich offers 3 Senior Citizen Policies:

  • Myhealth Suraksha Silver Smart
  • Myhealth Suraksha Gold Smart
  • Medisure Top-up 

These plans offer:

  • SI amount options up to Rs. 15,00,000
  • Insurance coverage for: 
  • Pre and post-hospitalization expenses
  • In-patient hospitalization expenses
  • Domiciliary/home hospitalization 
  • 586 daycare procedures
  • Mental illness treatment 
  • Organ donor transplant expenses
  • AYUSH treatments 
  • Air and road ambulance charges 

Oriental Health Insurance’s Senior Citizen Policy called ‘Health of Privileged Elders Policy’ offers: 

  • SI amount options up to Rs. 5,00,000
  • Coverage for:
  • 11 senior-citizen specific ailments and surgical procedures such as:
  1. Cancer
  2. Accidental injury
  3. Knee replacement surgery
  4. Benign prostate
  • Pre and post-hospitalization expenses
  • In-patient hospitalization expenses
  • Domiciliary hospitalization
  • AYUSH treatments
  • Daycare procedures
  • Advanced technology treatments
  • Ambulance charges and daily hospital cash allowances 

Arogya Sanjeevani Policy: 

After the IRDAI’s mandate to provide affordable health insurance, all insurance companies across India, including Apollo Munich Health Insurance and Oriental Health Insurance, offer the Arogya Sanjeevani Policy. This policy is available to all sectors of society irrespective of income, gender, and residence. It offers similar benefits across insurers such as:

  • SI amounts up to Rs. 5,00,000 
  • Coverage for
  • Pre and post-hospitalization expenses
  • In-patient hospitalization expenses
  • Domiciliary/ home hospitalization 
  • Daycare procedures 
  • AYUSH treatments  
  • Cataract treatment
  • Daily hospital cash allowances 
  • Ambulance charges up to Rs. 2,000 per hospitalization
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