What does the Apollo Munich Optima Restore policy hold for you?

Written by Vidya Kumar

February 11, 2014

Here is a lowdown on the features, advantages and limitations of the ‘Apollo Munich Optima Restore’ insurance plan.
Apollo Munich Optima Restore is a popular insurance plan. Let us look at the features that make it different from other plans, pros and cons that will help you decide whether it should be part of your financial plan.

Here are the unique features which make it different from other plans:
Unique Features
Restore Benefit
What it means
This plan has a ‘Restore’ benefit that restores or refills the sum assured during the policy tenure if it gets exhausted. This means if you have a policy of Rs. 3,00,000 and it gets used up during a particular year in the policy term, the amount will get restored and can be used again in the same year. If it is a family floater plan, if one person uses the sum assured, then another family member has to use it; he can make use of the restore benefit.
No Claims Benefit Clause
Many insurance companies give some benefit to the customers when there is no claim. This plan goes a step further. If you do not claim anything for the first 2 years, the sum assured will be doubled in the 3rd year.
Hospitalization Benefits
Pre and Post hospitalization benefits are offered for 60 days and 180 days respectively, which is higher than the usual 30 days and 60 days period offered by most other policies.
There are some factors to consider before you make the buy decision as some of them 
The plan definitely has plus points but you should check the limitations and exclusions and how they affect your specific requirements before you buy it.

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