Apollo Munich / L & T / Max Bupa- which one is better and why?

Apollo Munich / L & T / Max Bupa- which one is better and why?

These 3 private sector companies are competing for business from premium customers or HNI�s, (high net worth individuals) who are looking for better health insurance products with good and attractive features.

Let us see the comparison ;

L & T is charging premium 72% higher than premium of Apollo Munich or 25% higher than premium of Max Bupa. The additional benefits offered are:

Hospital Cash Benefit � Rs. 6000 (max)
Recovery Benefits � Rs. 10000 (max)
Attendant person payment- Rs. 1000

provided the insured remains in hospital for 10 days or more than that.

At the same time L&T  product is losing on the following point;
No Claim Bonus is 5% vs. 10% being offered by Apollo Munich or Max Bupa.

When I checked up with few customers about their reaction on L& T product then the feedback was �no one is wishing to earn Rs. 17000 by getting hospitalized for 10 days. A person who is well off and can pay higher premium of L&T  is not the one who is looking for payment of Rs. 17000.

Let us see how L&T product will perform in the months to come.