When a person comes across any major accident or suffers from any critical illness, whose treatment requires a huge sum of money, there is a problem of finances faced by the family. Many people in their efforts to arrange for the required expenses either decide to borrow money or sale household assets, which could fetch money immediately. All these decisions made at the last hour result in financial stress over the family and become the cause of concern. 

The condition of healthcare insurance in India is not good. Very less number of people belongs to the pool of insured individuals. The current healthcare statistics show that only $2 billion out of $40 billion of healthcare expenditure is financed by health insurance. Thus, there is need of different healthcare bodies to come forth and help people in availing quality medical treatment without any financial crunch. One such organization that has actively participated in improving this scenario is Apollo.

The Apollo Group of hospital, a well known name in field of healthcare, is the leading healthcare group in Asia. Every of its hospitals have a team of well qualified and experienced medical experts who are well known for offering best medical treatment to its patients. Besides it, Apollo Group has also extended its arms in the field of pharmacy, BPO, Diagnostic tests, etc. In spite of all these efforts, medical treatment was not accessible to the people of India because of high rising medical costs.  Thus, Apollo Group of Hospitals decides to leap into health insurance sector and joins hands with Munich Health, new business segment of Munich Re, Europe’s leading insurer.

Both these collectively set up a joint venture with the name of Apollo Munich and started bringing different innovative healthcare solutions to improve the accessibility of medical treatment for the citizens of India. Such pure health insurers are very much required, looking into the current healthcare statistics.  Apollo Munich has emerged to simplify health insurance in India and is looking forward to offer cover to more than 500 million people in India over next five years. Working in this direction, the company has adopted a unique ideology of devising products on basis of healthcare needs of people and thus, has been successful in offering best-in-class products coupled with best services to the Indian masses.