Apollo Munich Health Insurance

Apollo Munich CEO-Proudly Announcing The Association

Antony Jacob: Apollo Munich to tap parent co’s hospitals, pharma chain

Apollo Munich Health Insurance will leverage the Apollo Hospitals and pharmaceutical chain and add 2,000 agents by April 2010. The standalone health insurance company, in its first year of operations, has clocked a premium of Rs 60 crore.

Addressing a press conference on the launch of its Maxima 360 Health Insurance plan, Mr Antony Jacob, Chief Executive Officer, Apollo Munich Health Insurance, said, “Our major focus will be to grow the retail segment and expand the agency force to 40,000 agents by 2013-14 from the present 8,000 agents.” The claims from insuring corporates are more than 100 per cent while the claims from insuring individuals are 65 per cent, he said.

The Indian health expenditure is estimated at Rs 1,290 lakh crore of which 80 per cent of the medical expenses is met by individuals from out of their pockets. The nascent health insurance market, in terms of premium collection, is Rs 7,000 crore, growing at 25 per cent annually.

Using the health data available with its parent company Apollo Hospitals, Apollo Munich has developed a health insurance for HDFC Ergo General Insurance. “Since the company is focused only on health insurance, we will explore the possibility of developing co-insurance for other insurers,” he said.

Maxima 360 insurance covers outpatient consultations as well as inpatient hospital expenditure at a sum insured of Rs 3 lakh.

By Mr. Antony Jacob,
Chief Executive Officer


  1. yes, health insurance is becoming the need now and Apollo Munich is really doing a good work by spreading the message of health insurance importance to the people of India.

  2. Good to hear about the steps that Apollo Munich has taken.

  3. The benefits from the company are good... I have used Apollo Munich plans in the past and they are good...

  4. I swear by Apollo Hospitals and Pharmacies...best quality services.

  5. I have been a customer of Apollo Hospitals and Pharmacies for a long time, and wish all the best to Apollo Munich for all its future efforts.

  6. Interesting... I didnot know about the association with HDFC ERGO. Thanks for the info.

  7. I have faith in Apollo Munich as both the parent companies are top class.


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