Health Wallet by Apollo Munich – Should you Invest ?

Insurance is equally important and it is one element of your investment portfolio, and you should buy best insurance plan for your family as you buy best blue-chip stocks Now a days we are surrounded with many of the financial wallets like PayTM etch but there is new concept by Apollo Munich viz. Health Wallet.

What is Health Wallet ? 

Health wallet is a new health product introduced by Apollo Munich. Health Wallet is an interesting product where you can store money and also earn interest income. Money stored in Health wallet can be used for spending on health-related expenses. The unused corpus in a year will be carried forward to the next year. The prime aim of this product is to generate big health fund for the family. In this post, let’s review Apollo Munich Health Wallet in detail.

Where you can use Apollo Munich Health Wallet ?

Apollo Munich Health Wallet is all in one unique health insurance plan that pays money for the hospitalization, OPD and daily medical bills irrespective of allopathy, homeopathy or ayurvedic treatment. You can even store money and also save taxes by purchasing this policy.

Unique Features of Apollo Munich Health Wallet –

This wallet comes with the basic features such as 
  1. In-Patient Hospitalisation – The medical expenses for coverage for hospitalization of more than 24 hrs.
  2. Pre-Hospitalization – The medical expenses that you incur due to illness during the 60 days immediately before you are hospitalized.
  3. Post-Hospitalisation – The medical expenses you incur in the 90 days immediately after you are discharged from hospital.
  4. Organ Donor – Treatment expenses for the organ donor at the time of organ transplant.
  5. Health Check-up – Reimbursement of expenses incurred on preventive health check-up.
but below are the unique features which are offered by the Apollo Munich Health Wallet

Reserve Benefit –

You can keep reserve benefit while paying a premium. The reserve benefit amount can be used for OPD expenses or any other non-payable items under health insurance claim or to pay up to 50% of renewal premium. The unutilized reserve benefit will be carried forward to next year with 6% bonus.

Coverage of Domiciliary Treatment

You can get coverage for the treatment done at home. This means you need not get hospitalized for getting treatment.

Ayush Benefit

This policy provides coverage for the medical expenses for in-patient treatment taken under Ayurveda, Unani, Sidha and Homeopathy.

Restore Benefit

Restoration of basic sum assured, if the basic sum assured and multiplier benefit has been exhausted during the policy year. This restore benefit is available only once in a policy year.

Multiplier Benefit

You will get a bonus of 50% of the basic sum insured for every claim free year. This facility is available for the bonus up to 100%.

Worldwide Coverage Option

This policy comes with optional Worldwide Health Coverage. This means health wallet can act as a replacement of travel insurance. This benefit is available for the policy value 10 Lakh and above.

You can get more details on Apollo Munich website

Our Verdict 

The cost of health care is skyrocketing. The only solution to withstand increasing health care cost is health insurance. Thus, you should purchase an adequate health insurance for your family which will save you from the unwanted critical time. When we compared the health insurance with the health wallet benefits we realized that Health Wallet by Apollo Munich is a good choice as a health insurance. It offers multiple unique benefits. However, all these benefits are given to you as a part of the higher premium paid by you.

As per me, normal health insurance policy with a top-up health plan will suffice for your health insurance need.[wide]


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