Company Overview of Apollo Munich Health Insurance Company Limited

Apollo Munich Health Insurance Company Limited reported earnings results for the second quarter ended September 30, 2012. For the quarter, the company reported gross written premium of INR 2,140 million against INR 1,550 million achieved during the same period in the previous year representing a growth of 38%. Earned premium of the company grew by 54% from INR 1,457 million to INR 2,251 million. Net profit was INR 3.6 million as compared to a loss of INR 71 million a year ago.

Apollo Munich Health Insurance Company Limited has launched Optima Senior to cater senior citizens above 61 years of age. Optima Senior caters to senior citizens who seek uncomplicated and easy to understand health insurance coverage, with minimal restrictions and maximum benefits Optima Senior provides lifelong health insurance coverage with a guarantee of no loading on change of health status. It also offers hassle-free, uncomplicated coverage for those Indian citizens who are in their golden years and seek the best-in-class solution for their medical needs. A person over 61 years can choose from three sum insured levels that is INR 0.2 million, INR 0.3 million or even INR 0. 5 million. Policy holders can also enjoy a 5% non-cumulative discount on the renewal premium payable under the policy after every claim free year, provided that the policy is renewed with the company without a break. Medical examination will be based on age, sum assured opted and health condition.

Apollo Munich Health Insurance Company Limited has launched 'Optima RESTORE', an health insurance product. The company is confident that 'Optima RESTORE' will be able to bring about a paradigm shift in the health insurance sector.