Page 11 - Insurance Times January 2018 Sample

Health Insurance

News

More funds to fight Apollo Munich Health Insurance launches Health

lifestyle diseases Wallet
The health ministry is planning to Apollo Munich Health Insurance, launched a health insurance plan, Health
spend more Wallet, which caters not only to the custom-
funds, over and ers' hospitalisation and OPD expenses, but
above the cur- also ensures affordability of continuing the
rent sanction of policy in their golden years. On offer along
Rs.955 crore with the Health Wallet plan is a 'Reserve'
(2017-18) for benefit that continues to grow and earn for
tackling lifestyle the customers and helps them secure their retirement, said Antony Jacob, CEO,
diseases such as cardiovascular dis- Apollo Munich Health Insurance.
ease (CVD), hypertension, obesity
and diabetes. Interestingly, in 2017- "Reserve benefit has been designed to ensure that your money does not get
18 non-communicable diseases wasted. The most interesting part is that it lets your money earn for you," said
(NCDs) received the highest increase Jacob. Every year, the unused reserve amount gets carried forward, and earns
in allocation from Rs555 crore in a 6 per cent bonus. The accumulated reserve kitty can, in turn, be used to pay
2016-17 to Rs955 crore in 2017-18. up to 50 per cent of the renewal premium, post five continuous renewals.
"NCDs are Union Health Ministry's Mangma OneHealth to give IVF, bariatric cover
major concern and we are running
special screening programs for the Magma HDI, announced the launch of 'OneHealth' health policy. "There is an
disease category. We may get more increasing prevalence of lifestyle diseases in India
funds in next financial year and one where one out of four Indians at risk of dying from non-
of our focuses will be NCDs," said communicable diseases...keeping in mind modern
Kavita Singh, director finance, Na- lifestyle and increase in lifestyle diseases we designed
tional Rural Health Mission. this policy to meet the need of customer and his en-
tire family," said Rajive Kumaraswami, MD and CEO,
While the Union health ministry is
running major screening programmes Magma HDI.
for NCDs, the Indian Council of Medi- OneHealth covers various significant medical conditions and lifestyle diseases.
cal Research (ICMR) launched the Citing a report, Magma HDI said lifestyle diseases like tuberculosis or diarrhea
India Hypertension Management Ini- kill more people in India than communicable diseases.
tiative (IHMI). The IHMI aims to re- "Very few of the existing health insurance policies cover lifestyle ailments like
duce disability and death related to Lasik, bariatric surgery, psychiatric treatments. OneHealth...covers all such ail-
CVD, the leading cause of death in
ments which are not yet considered medical conditions in the industry," the
India, by improving the control of
high blood pressure (hypertension), company said in a statement.
reducing salt consumption and elimi- Alongside covering all major lifestyle diseases, OneHealth also offers additional
nating artificial trans-fats, leading risk advantages like restoration benefits, cumulative bonus, free annual health check-
factors for CVD. up, among others, Kumaraswami said.

The Insurance Times, January 2018 11

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