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| Apollo Munich / L & T / Max Bupa- which one is better and why? |
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| 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. |
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| Let us see the comparison: |
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| 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: |
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Hospital Cash Benefit – Rs. 6000 (max)
Recovery Benefits – Rs. 10000 (max)
Attendant person payment- Rs. 1000 |
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| provided the insured remains in hospital for 10 days or more than that. |
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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. |
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| 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. |
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| Let us see how L&T product will perform in the months to come. |
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