Apollo Munich announces its association with Indian Super League's Atletico de Kolkata

Leading standalone health insurer, Apollo Munich Health Insurance has announced its association with one of the most promising teams of upcoming Hero Indian Super League 2014 - Atlético de Kolkata - as a Co-Sponsor. Underlining the importance of sports for all ages and following healthy lifestyles, Apollo Munich aims to raise awareness and encourage enthusiasm for this inaugural soccer event. Under this partnership, Apollo Munich's logo will be used on the team's jersey.

On the partnership, Sourav Ganguly, Legendary Cricketer and Co-owner of Atlético de Kolkata, said, "This tournament is a big responsibility for all its stakeholders to take a grassroots level initiative of developing football as a sport in India to great heights. We are elated to have Apollo Munich as a sponsor and are sure that together we will revolutionize football in India. The unique similarity between Apollo Munich and Atlético de Kolkata towards striving for healthy lifestyles make this a natural alliance." 

Speaking about the association with Atlético de Kolkata, Antony Jacob, CEO, Apollo Munich Health Insurance, said, "Indians have always played, followed and admired football but there has never been a formal worldwide platform to celebrate and practice it in India. We are thrilled to partner with Atlético de Kolkata, the first team to register with Hero Indian Super League. Football is all about energy, passion, leadership and transparency and these are qualities that Apollo Munich associates with. For us, this partnership is more than a sponsorship. It's about sharing the passion for sports that most Indians have and about motivating them to fulfil their aspirations."

Antony Jacob further added that "Over the past few years, the incidence of lifestyle related diseases has increased in India. Shockingly many youngsters are contracting conditions such as diabetes, hypertension, heart attack etc. because of sedentary lifestyles and lack of exercise. We at Apollo Munich are committed to healthy lifestyles and playing sports is one of the best ways for a healthy living. Hence we urge the people of all ages to not just follow sports but play it as well."

In India, sports enjoy an exceptional ability to engage with mass audience and Apollo Munich wishes to use this opportunity to spread awareness about the need of adopting healthy lifestyles and getting COVERED.

Antony Jacob throws light on Apollo Munich's Growth Over Next 3 Years

Antony Jacob,
Chief Executive Officer,
Apollo Munich Health Insurance Company

STANDALONE health in­surer Apollo Munich Health promoted by Apollo Hospitals expects to turn profitable in the next three years.

"We hope to break even by 2012-13 and start mak­ing profit from 2013-14," Apollo Munich Health In­surance chief executive of­ficer Antony Jacob said.

The company is already making profit so far as re­tail business is concerned, however, there are under-writing losses in terms of group insurance, Antony Jacob said.

Apollo Munich is a 74:26 joint venture be­tween The Apollo Hospi­tals Group, and Germany-based Munich Re's newest business segment, Munich Health, which came into being following the reorganisation of business.

As far as capital infu­sion is concerned, Jacob said, by 2013-14 the com­pany's total paid-up capital would go up to Rs 500 crore from the present level of Rs 225 crore.

Capital infusion will go in for expansion of the business, he added.

Antony Jacob said, the company would invest about Rs 20 crore during the last quar­ter of 2009-10.

About the rechristening of the firm, he said, the new name is in line with the company's brand strat­egy to communicate its deep-rooted expertise.

They are: Easy Health standard; Easy Health Exclusive; Easy Health Pre­mium.

On December 29, 2009, the insurance company, has renamed itself Apollo Munich Health

Insurance from Apollo DKV Health Insurance.

Apollo Munich Health Insurance has three op­tions in healthcare insurance products.