Apollo Munich ties up with IOB for customised product offering

NEW DELHI: Private sector health insurer Apollo Munich today tied up with state-owned Indian Overseas Bank (IOB) to provide specialised health and personal accident products to bank's customers.

Through this arrangement, IOB will sell Apollo Munich's products under the 'GO HEALTH with an expert' campaign across the country in over 3,350 branches of the bank, a joint statement said.

Apollo Munich will offer customized products with sum insured ranging from Rs 3 lakh to Rs 10 lakh to IOB's customers, it said.

The health policy offers double sum insured with the same premium for claims related to listed critical illnesses upto Rs 5 lakh and an annual health check-up benefit worth of Rs 3,500 for sum Insured Rs 7.5 lakh to Rs 10 lakhs, it said, adding, the health policy will be handed over to the customer on the spot in the respective branches of the bank itself.