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This has been a 2 stage transaction Stage 1: Acquisition of ~51% stake in Apollo Munich Health Insurance Company Ltd (Apollo Munich) by HDFC Limited – the acquisition was completed in January 2020 and the name of the company was changed to HDFC ERGO Health Insurance Limited. In the post-acquisition and pre-merger phase, both entities (HDFC ERGO Health and HDFC ERGO) were operating as independent legal entities.
Apollo Munich Health Insurance was founded in August 2007, following a joint venture between the Apollo Hospitals Group and Munich Health (a segment of Munich Re) based in Germany. The company was established in India as a stand-alone, private sector Health Insurance Provider. Since its inception, it has established a wide agency network and introduced several new concepts in the Indian Health Insurance space.
Apollo Munich. By Vandana Khare. On: May 03, 2021. View All Apollo Munich Health Insurance Reviews. HDFC ERGO General Insurance (formerly known as Apollo Munich Health Insurance) Plans starts at 8431, check out online quotes, benefits, read reviews, and compare the premium, renew health plan at InsuranceDekho.
Jun 24, 2019 · Mortgage major, HDFC, Wednesday agreed to acquire Apollo Hospitals Group's entire 50.8 percent stake in Apollo Munich Health Insurance for Rs 1,336 crore and also the 0.4 percent stake held by a few employees for Rs 10.84 crore. So, what does this mean for the policyholder? ET Wealth answers queries you might have as a policyholder. Can policy features, wordings and terms be tweaked by the acquiring company?
Apollo Munich Health Insurance – is one of the leading health insurance companies in India and offers family, individual, parents & Senior citizen health insurance. Compare & get the best insurance policy at affordable prices.
Nov 13, 2020 · HDFC had, in June 2019, announced plans to acquire 51.2 per cent stake in Apollo Munich Health Insurance, with the aim to later merge it with its general insurance arm, HDFC ERGO.
HDFC ERGO Health Insurance Ltd. (formerly Apollo ® Munich Health Insurance) 1st Floor, SCF-19, Sector-14, Gurugram- 122001, Haryana. Registered Office: 101, First Floor, Inizio, Cardinal Gracious Road, Chakala, Opposite P & G Plaza, Andheri (East), Mumbai Mumbai City MH 400069 IN. For more details on risk factors, terms and conditions please ...
Jan 10, 2020 · As HDFC completes acquisition of 51.25 per cent shares in Apollo Munich Health Insurance Company Limited (AMHI), the holders of Apollo Munich Health Insurance policies now become part of HDFC ERGO ...
In 2020, HDFC Ergo Health Insurance( earlier known as Apollo Munich Health Insurance) merged with the company after the receipt of final approval from the Insurance Regulatory and Development Authority of India (IRDAI) making it the second-largest private insurer in the accident and health insurance business. With this merger, the company's product suite expanded to over 50 in this segment.
Mar 13, 2020 · Formerly known as Apollo Munich Health Insurance Company Ltd., HDFC ERGO is a joint venture between HDFC Limited, India’s premier Housing Finance Institution, and ERGO International, the primary insurance entity of the Munich Re Group. HDFC ERGO Health came into existence with HDFC Limited acquiring the majority stake of 51.25% in the company Apollo Munich Health Insurance Co. Ltd. With this, the onset of an exciting journey began with the aim to provide enhanced customer experience ...
