Apollo Munich Health Insurance Company Limited was previously known as Apollo DKV Insurance Company Limited. The company started as a joint venture between Apollo Group of Hospitals and DKV AG, Europe's largest private health insurer (Deutsche Krankenversicherung AG) on the 8th of August, 2007. Apollo DKV started on a journey to re-define the health insurance sector in India. The stake holding of the two companies were in the ratio of 74:26 (Apollo Group of Hospitals—DKV AG).
About the Promoters:
DKV, with its headquarters in Cologne, Germany, was the market leader in Europe and one of the top 5 health insurance providers in the world. The company was represented across Europe and Asia. Since DKV was a part of the ERGO Group, it was a part of Munich Re Group, one of the world’s largest re-insurers.
Apollo Group of Hospitals is the largest healthcare provider in Asia. The group changed the way healthcare was perceived in the nation. Apollo Hospitals brought many modern medical techniques which were previously not available in the country. This gave Indians the chance to get world-class treatment without having to leave the country.
Apollo DKV to Apollo Munich:
In December 2009, Apollo DKV was renamed as Apollo Munich Health Insurance. The company continues to bring out innovative products. Apollo Munich offers a large number of customer care services to help people stay healthy and fit always. The journey of uncomplicating health insurance in the country has just begun and has a long way to go.
In a unique transaction where Apollo Munich, a leading standalone health insurer got merged with a leading general insurer creating one of the largest private general insurer. This transaction resulted in acquisition of ~51% stake in Apollo Munich Health Insurance Company Ltd (Apollo Munich) by HDFC Limited.
For more information about health insurance schemes and benefits CLICK HERE