 |
| English: 1920 British National Health Insurance stamp. (Photo credit: Wikipedia) |
bespoke
health insurance solutions to its customers
- Bank’s exclusive Bancassurance partner for health insurance solutions
- Unique support and service mechanism for the Bank’s customers
- Paperless processes to ensure minimum TAT for policy issuance and service
xis
Bank, India’s third largest private sector banktoday announced its exclusive partnership with Apollo
Munich Health Insurance Company to offer its customers bespoke health
insurance products and services. The strategic partnership with the
health insurance company, a JV between Asia's largest healthcare
group, ‘The Apollo Hospitals Group’ and the world leader in
health insurance, ‘Munich Health’ will offer customers unique
health insurance plans with value added benefits such as health
advisory services and access to wellness portal etc., under their
‘Health Eco System’.
Commenting
on the partnership, Rajiv
Anand, Group Executive & Head Retail Banking, Axis Bank said,
“Over the past couple of years, we have observed the exponential
rise in the cost of healthcare and the need for customized and
affordable health insurance solutions. With the objective of ensuring
the health and wellbeing of our customers, we are delighted to
announce our exclusive Bancassurance partnership for health insurance
with Apollo Munich, which will help us further expand our existing
bouquet of offerings and put forth a compelling proposition.”
Apollo
Munich Health Insurance Company, along with the Bank will design and
offer customized health insurance products to the Bank’s customers,
as per their requirements. Policy issuance and service will be driven
by paperless online processes, ensuring minimum turnaround time. A
brief of the unique benefits for customers are:
- Automatically restoring the basic sum insured in case the policyholder exhausts his/her sum insured in a policy year
- Wide range of sum insured options ranging from Rs 3 lacs to 50 lacs
- A health insurance plan with no sub-limits, no copays or room rent limits
- High Pre and Post hospitalization cover of 60 and 180 days respectively
- Coverage for all “Daycare Procedures”
- Health checkup benefits
- Extensive network of hospitals
- In-house claim settlement
Speaking
about the tie up with Axis Bank, Antony
Jacob, CEO, Apollo Munich Health Insurance
said, “We are excited to partner with Axis Bank and offer its
customers uncomplicated and innovative health insurance solutions.
Through bancassurance, health insurance penetration is expected to
grow rapidly as there are more than one lakh bank branches in the
country, with a majority located in rural and semi urban areas. We at
Apollo Munich believe in the potential banks hold as a distribution
channel. They can aid us in strengthening our reach in the tier two
and three cities overnight.”
He
further added “Going forward this partnership will develop more
innovative solutions to meet specific needs of different customer
segments of the bank. In addition, Axis Bank customers will have
access to expert health services that promote healthy living.”
