What is multiplier benefit of Apollo Munich Optima Restore?

What is multiplier benefit of Apollo Munich Optima Restore?

Multiplier Benefit You get a bonus of 50\% of the basic sum insured for every claim free year accumulating up to 100\%. (In the event of a claim, the bonus shall be reduced by 50\% of the Basic Sum Insured at the time of renewal).

Does Optima Restore cover accident?

This section of benefits is applicable when • An insured suffers an Accident or Illness, which is covered under this Policy • Hospitalisation is necessary & is done for treatment OR • Day care treatment is necessary and is done OR • Domiciliary treatment is necessary and is done IMPORTANT: Claims made under these …

Does Apollo Munich Optima Restore cover pregnancy?

Maternity related expenses are excluded in this plan as is the case with most plans.

Does HDFC Ergo Optima Restore cover cancer?

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Save more with tax benefits on health insurance premiums. Yes, you can save tax up to ₹75,000 with HDFC ERGO Health Insurance plans. You deserve the best and the latest medical treatments. So our Optima Restore covers advanced procedures like robotic surgeries, stem cell therapy, and oral chemotherapy.

What is multiplier benefit?

What is a Multiplier benefit? Multiplier Benefit is a feature that offers a 100\% increment in the Sum Insured after 2 claim free years.

What is multiplier benefit in Optima Restore?

Multiplier Benefit: No claim and get 50\% more! 5 lakh sum insured (SI). If there is no claim in the first year, in the subsequent year, the sum insured will grow by 50\% of SI. It means, instead of Rs. 5 lakh, your sum insured would now stand at Rs. 7.5 lakh for the second year.

Does Apollo Munich cover cataract?

Apollo Munich has not set any claim limit for the cataract treatment insurance. The claim limit is 10\% of the sum insured and the amount can go higher to Rs. 35,000.

Is Optima restore good?

Optima Restore Plan is one of the most-selling health insurance products of HDFC ERGO General Insurance. Restore adds 100\% of the sum insured if you use the policy sum insured fully or partially. Multiplier benefit lets you enjoy a 100\% increase in the Sum Insured in 2 claim free years.

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What is restore benefit in Optima Restore?

Restore Benefit: Claim 1 and get another! Under this plan, if one of the family members consumes the floater sum insured during the policy term and another member falls sick later in the same insured period, the policy will restore the entire amount with no extra premium charged.

What is Protector rider in Apollo Munich?

The Sum Insured protector is designed to protect Your Sum Insured against rising inflation by linking the Basic Sum Insured under the Base Plan to the Consumer Price index (CPI). Illustration: Consider an Insured Person is having a Base plan of Rs. 5 Lakhs and along with Base plan he/she purchases this rider.

What is covered in Optima Restore policy?

You deserve the best and the latest medical treatments. So our Optima Restore covers advanced procedures like robotic surgeries, stem cell therapy, and oral chemotherapy. Also, enjoy life-long protection as you can continuously renew your health plan, even after you turn 65 years of age.

How is Apollo Munich Optima Restore different from other insurance plans?

Apollo Munich Optima Restoreis different from other health insurance plansdue to its restore & multiplier benefits. Apollo Munich Health Insurance is a pioneer in Indian health insurance market & their optima restore plan will again be a new milestone.

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What is optoptima restore health insurance plan?

Optima Restore is a health insurance plan offered by Apollo Munich Health Insurance Company. It offers a ‘restore’ benefits which automatically restores the basic sum insured in case you consume it in a policy year.

What are the limitations of LIC Optima Restore health plan?

Read: LIC Jeevan Arogya Some Limitations to Consider in Optima Restore Health Plan The restore benefits starts only when the Basic SA along with bonus is utilized completely. The restore benefit cannot be claimed on the disease/illness for which the claim has already been made in the policy year.

What are the benefits of the Apollo health insurance plan?

The major benefit which will appeal to all consumers, especially in family floaters, is the restoring of SA in case Basic SA is exhausted.Also, like other Apollo products, this one has no loadings if any claim arises which has kept the premium constant for same age group. This is a good advantage for someone who is not maintaining best of health.