Apollo Munich Health Insurance strengthens its foothold in Punjab with its new branches in Ludhiana and Gurdaspur

Ludhiana/Gurdaspur, July 21, 2017: Apollo Munich Health Insurance announced the expansion of its footprints in Punjab with its new branch offices in Ludhiana and Gurdaspur onJuly 20th and July 21st respectively.Apollo Munich’s award winning, innovative and uncomplicated bouquet of health insurance policies for men and women of all ages will now be available to the residents of these cities. The company offers its products through a network of close to 150 offices, well trained sales partners, bancassurance partners and directly through its call centers, website and in-house sales force.
Speaking on the occasion, Mr.Sanjay Manaktala, CEO– North & East Zone, Apollo Munich,said, “With Ludhiana’s industrial growth, being one of the first few cities to be developed under the smart city project and Gurdaspur being the upcoming agriculture hub, both cities have huge potential to prosper. We, at Apollo Munich believe that for every city to grow, it is important to have a healthy population and a well-knit healthcare and healthcare financing ecosystem. With the opening of our branches in Ludhiana and Gurdaspur, we come another step closer to reaching out to as many people as possible to cover them with health insurance. At Apollo Munich, we truly believe that health insurance is an indispensable financial security tool to counter rising healthcare costs. We are already present in many parts of Punjab and plan to strengthen our presence further to ensure that every resident of this state has access to quality healthcare when the necessity arises.”

As a leader in the health insurance segment, Apollo Munich has brought several industry first initiatives to the marketplace which were never seen before in the industry such as lifelong renewal, no sub-limits, no co-pay, no claim-based loading, portability, restore and multiplier benefits etc. All its insurance processes including policy issuance, underwriting, claims processing etc. of Apollo Munich have been certified by ISO. At 93%, the company’s claim settlement ratio is ahead of the industry average of 89%. It has one of the shortest turnaround times for approvals and claims payments in the industry, and ranks highly in provider surveys. The company works with over 4,000 hospitals in partnership to ensure the highest level of service to its customers.