Axis Bank, India’s third largest private sector
bank today 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 well being 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.”
About Axis Bank
Axis Bank is the
third largest private sector bank in India. Axis Bank offers the entire
spectrum of services to customer segments covering Large and Mid-Corporates,
SME, Agriculture and Retail Businesses.
With its 2,805
domestic branches (including extension counters) and 12,631 ATMs across the
country, as on 31stDecember 2015, the network of Axis Bank spreads
across 1,796 cities and towns, enabling the Bank to reach out to a large
cross-section of customers with an array of products and services. The Bank
also has overseas offices in UK, Singapore, Hong Kong, Shanghai, Colombo, Dubai
and Abu Dhabi. The Bank’s website www.axisbank.com offers comprehensive details
about its products and services.
About Apollo Munich Health Insurance Company
Apollo Munich
offers innovative and award-winning health, personal accident and travel
insurance plans, with state-of-the art infrastructure and uncomplicated
services, delivered by engaged employees. It is a joint venture between the
Apollo Hospitals Group, Asia’s largest healthcare group, and Munich Health,
which offers global health insurance and reinsurance excellence. Website: http://www.apollomunichinsurance.com
For Further details,
please contact:
|
Axis Bank
|
Apollo
Munich
|
|
Suresh Warrier | Anand Mugad | Sherin Antony
+91 22 2425 5601 | +91 22 2425 5614 | +91 222425 5611
|
Komal
Kakkar
Corporate
Communication
+91-
9810609567
|
|
Ketchum Sampark
FaizanAboli| Shruti Muddup
+91 9819110224| +91 9820651056
faizan.aboli@ketchumsampark.comshruti.muddup@ketchumsampark.com
|
PR Pundit
Vasudha +91-9820347118
Vasudha.r@prpundit.com
Manisha +91-9560966115
Manisha.c@prpundit.com
|
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