Niva Bupa Health Insurance IPO

Niva Bupa Health Insurance Company Limited is promoted by Bupa Singapore Holdings Pte. Ltd. and Bupa Investments Overseas Limited, members of the Bupa Group. This makes Niva Bupa Health Insurance Company Limited the only health insurance company in India to be majority controlled by a foreign global healthcare group. Niva Bupa Health Insurance Company’s association with these foreign players gives it access to their international healthcare insurance experience. Established in 1947, the Bupa Group is an international healthcare organisation serving over 50 million customers globally as of December 31, 2023. The Bupa Group offers health insurance, healthcare provision, and aged services around the world, but principally in the UK, Australia, Spain, Chile, Poland, New Zealand, Hong Kong SAR, Türkiye, Brazil, Mexico, India, the US, the Middle East, and Ireland. Bupa also has an associate business in Saudi Arabia. The company had 14.73 million active lives insured as of March 31, 2024. It claims to be strategically focused on the retail health market, with gross written premium (GWP) from its retail health products at 68.47% of its overall GWP for the financial year 2023-24.;