Company Financial Rusult In Crore

About The Company

Niva Bupa Health Insurance Company Limited is a joint venture company established in 2008 between the Bupa Group and Fettle Tone LLP. Niva Bupa is a unique entity in Indias health insurance market. The company is providing a robust health ecosystem beyond insurance, with comprehensive access to health services across friendly mobile applications and websites.

The Company offers custom retail products for individuals and families as well as group insurance options to employers and employees. As of March 2024, Niva Bupa had insured 14.73 million active lives across 22 states and four union territories in India. With a mind-boggling CAGR of 41.27% in GWP, FY 2022- FY 2024 has made Niva Bupa the new-age preferred name for retail health insurance. There is a very robust and strong telemarketing team of 410 working for the company. State-of-the-art machine learning, real-time CRM, and product recommendation tools guide customer engagement for the same. Niva Bupa also relies on a highly capable 126-member tech team that continuously develops digital assets that create richer experiences in the lives of customers and simplify their health management.

Niva Bupa Health Insurance - Strength and Weakness

Strength

1. The third largest SAHI in India is based on overall health GDPI.
2. Market share of 16.24% in the Indian SAHI market in FY24.
3. I have digitally processed 99.95% of new policies in FY24.
4. Grew Assets Under Management to ₹54,582.31 million by FY24.

Weakness

1. Profitability depends on accurate medical expenses and claims estimation.
2. Regulatory inspections by IRDAI may cause reputational harm.
3. Network hospital relationships are crucial for cashless claims services.