July 13, 2014 3:59 AM ET

Insurance

Company Overview of Apollo Munich Health Insurance Company Limited

Company Overview

Apollo Munich Health Insurance Company Limited provides health, accident, and travel insurance solutions. It offers individual and family health plans, group health plans, corporate and individual personal accident cover, over the counter health insurance, daily hospital cash products, pre-packaged group policies for SMEs, and top-Up plan for individuals; and overseas travel and health covers for individuals, families, and groups. Apollo Munich Health Insurance Company Limited was formerly known as Apollo DKV Insurance Company Limited and changed its name to Apollo Munich Health Insurance Company Limited in December 2009. The company was founded in 2007 and is based in Gurgaon, India.

Building No.10, Tower B

10th Floor

DLF Cyber City

Phase II

Gurgaon,  122 002

India

Founded in 2007

Phone:

91 12 4458 4333

Fax:

91 12 4458 4111

Key Executives for Apollo Munich Health Insurance Company Limited

Chief Executive officer
Age: 53
Chief Financial officer and Company Secretary
Chief Operating officer
Age: 64
Head of Munich Health/Global Markets 2
Age: 60
Head Of Regional Markets - Asia Pacific Munich Health
Compensation as of Fiscal Year 2014.

Apollo Munich Health Insurance Company Limited Key Developments

Apollo Munich Health Insurance Company Limited Reports Earnings Results for the First Quarter Ended June 30, 2013

Apollo Munich Health Insurance Company Limited reported earnings results for the first quarter ended June 30, 2013. Total Income increased by 30% from INR 1,080 million to INR 1,401 million in the first quarter of fiscal 2014. The positive PAT of INR 6 million as compared to a loss of INR 21 million in the first quarter of fiscal 2013.

Apollo Munich Health Insurance Company Limited Reports Earnings Results for the Second Quarter Ended September 30, 2012

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 Launches Optima Senior

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.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Apollo Munich Health Insurance Company Limited, please visit www.apollomunichinsurance.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.