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<keyword id="20204872" type="General" weightage="20" keywordseo="Niva-Bupa" source="keywords">Niva Bupa</keyword> <keyword id="19894985" type="General" weightage="20" keywordseo="Health-Insurance" source="keywords">Health Insurance</keyword> Company Ltd, formerly <keyword id="20671085" type="General" weightage="20" keywordseo="Max-Bupa" source="keywords">Max Bupa</keyword> Health Insurance Company, has filed preliminary papers with capital markets regulator <keyword id="19901201" type="General" weightage="20" keywordseo="Sebi" source="keywords">Sebi</keyword> to raise Rs 3,000 crore through an initial public offering. The proposed Initial Public Offering (<keyword id="19898327" type="General" weightage="20" keywordseo="IPO" source="keywords">IPO</keyword>) is a combination of fresh issuance of equity shares worth Rs 800 crore and an offer for sale of up to Rs 2,200 crore by a promoter and an investor shareholder, according to the Draft Red Herring Prospectus (DRHP). Under the OFS, investor Fettle Tone LLP will sell shares to the tune of Rs 1,880 crore and promoter Bupa Singapore Holdings Pte Ltd will offload shares valued Rs 320 crore. Niva Bupa is majorly controlled by Bupa, an international healthcare company headquartered in the UK. At present, Bupa Singapore Holdings Pte owns 62.27 per cent stake while Fettle Tone LLP holds 27.86 per cent stake in the insurance firm. The company, in its draft papers filed on Saturday, said it may consider issuing securities worth up to Rs 160 crore as a part of "pre-IPO placement". If such placement is completed, the fresh issue size will be reduced. The company intends to utilise the net proceeds from the fresh issuance to the extent of Rs 625 crore towards boosting its capital base to strengthen solvency levels, besides a portion will be used for general corporate purposes. This will be the second standalone health insurer looking to float an IPO, after Star Health &amp; Allied Insurance Company. Niva Bupa Health Insurance Company is one of the leading standalone retail health insurers (SAHI) in India, with a Gross Direct Written Premium (GDPI) of Rs 5,499.43 crore in fiscal 2024. The insurance firm's Gross Written Premium (GWP) increased by 37.68 per cent to Rs 5,607.57 crore in fiscal 2024 from Rs 4,073.03 crore in fiscal 2023. Further, profit after surged to Rs 81.85 crore in fiscal 2024 from Rs 12.54 crore in fiscal 2023. As of March 31, 2024, the company has 210 physical branches across 22 states and 4 union territories in India. ICICI Securities, Morgan Stanley India Company, Kotak Mahindra Capital Company, Axis Capital, HDFC Bank and Motilal Oswal Investment Advisors are the book-running lead managers to the offer. The equity shares are proposed to be listed on the BSE and NSE. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/vraj-iron-and-steel-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/111394752.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/vraj-iron-and-steel-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/111394752.cms" target="_blank">Vraj Iron and Steel IPO allotment – How to check allotment, IPO GMP, listing date and more</a><a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-and-airtel-price-hike-new-plans-and-how-you-can-save-money/articleshow/111331794.cms" target="_blank">Reliance Jio and Airtel price hike – new plans and how you can save money</a><a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-july-2024/slidelist/111304902.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-smartphones-launching-in-india-in-july-2024/slidelist/111304902.cms" target="_blank">Upcoming smartphones launching in India in July 2024</a>

Niva Bupa Health Insurance files papers for ₹3,000-cr IPO

Max Financial Services: Company worth ₹24,000 crore running with only 12 employees

New Delhi, Dec 3 () Max India on Tuesday said the Insurance Regulatory and Development Authority of India (IRDAI) has approved the sale of its 51 per cent stake in Max Bupa Health Insurance Company to private equity firm True North.
 With the deal getting regulatory approval, Max India will exit the health insurance business.
 The all-cash transaction announced in February 2019 valued Max Bupa at an enterprise value of Rs 1,001 crore, Max India said in a statement. 
 Bupa, the existing joint venture partner in Max Bupa, remains committed to the joint venture and will continue to play an active role as before through its Board positions and knowledge exchange initiatives, it said.
Post IRDAI approval, the transaction is now expected to be concluded within the next few weeks, it said, adding, all existing customer policies will continue unimpacted and all customer support channels will remain unchanged. 
 True North (formerly known as India Value Fund Advisors - IVFA) was established in 1999 with a focus on investing in and transforming mid-sized profitable businesses into world-class industry leaders.
True North has successfully launched six separate investment funds with a combined corpus of over USD 2.8 billion including co-investments. DP DP MR
MR

IRDAI approves 51 per cent stake acquisition in Max Bupa Health Insurance by True North

Many <keyword id="35450" type="COMPANY" weightage="40" keywordseo="insurance">insurance</keyword> companies are offering maternity covers as a part of their regular health policies these days. Earlier, maternity benefits were extended only as a part of employers’ corporate health insurance policies. 
 However, companies like ICICI Lombard, <keyword id="6395721" type="COMPANY" weightage="40" keywordseo="Max-Bupa">Max Bupa</keyword> and <keyword id="6369255" type="PERSON" weightage="80" keywordseo="Apollo-Munich">Apollo Munich</keyword> have started offering this cover, with sub-limits ranging from Rs 15,000-50,000. However, these products are costly and have a long waiting period of up to six years. 
 
Does it make sense to buy them? “Individuals can buy maternity cover if their employer’s insurance doesn’t cover it. Even selfemployed people should consider buying it. However, they should evaluate whether the cost and waiting period, after which such a cover is available, are reasonable,” says Arvind Laddha, CEO, Vantage Insurance Brokers. 
 
What Does it Cover? 
 
Maternity cover takes care of expenses related to delivery (normal and caesarean section) or the lawful medical termination of pregnancy during the policy period. However, there could be conditions limiting the number of deliveries or terminations, either during the lifetime of the insured person or the policy period, says Antony Jacob, CEO of health insurer Apollo Munich. Pre and post-natal expenses per delivery or termination are also covered. 
 
Depending on the insurer and the product variant, WHO-approved vaccinations and medical treatment for the new born till 90 days or the next renewal will also be paid for. If your policy entitles you to daily cash hand-outs, you can use it to take care of your sundry expenses too. “If the insured person chooses the room type wisely, an additional sum as daily hospital cash can be used for other related expenses like medicines,” says Jacob. 
 
According to Max Bupa, a rise in maternity claims points to the relevance of the policy. “We have noted an almost 50% increase in claims related to maternity in the last year. 
 
Coverage for maternity-related expenses is gaining importance with increase in medical costs as well as maternal age and greater incidence of lifestyle diseases that may lead to complications at the time of pregnancy,” says Manasije Mishra, CEO, Max Bupa. 
 
Sanjay Datta, chief, underwriting and claims, ICICI Lombard General Insurance, also believes that the policy is worth its premium because “it not just takes care of the hospitalisation costs, but also the insured’s pre and post-natal expenses.” 
 
The company’s claim figures indicate a sharp increase in maternity claims in 2013. 
 
While delivery-related claims went up by 36.52% from 2012, claims paid out for treatment of complications in new born babies shot up by nearly 46%. 
 
Read the Fine Print 
 
“Generally, maternity covers are restricted to maximum 10% of the overall sum insured and the cover is available only in the third year of continuous coverage. Waiting periods extend to over two years. The insured should evaluate whether the premium is worth the benefit of taking this cover,” says Laddha. 
 
Prospective buyers should examine sub-limits, or ceiling, for maternity cover closely. Most insurers impose caps of Rs 15,000-25,000 for normal deliveries and Rs 30,000-Rs 50,000 for Caesarean section deliveries. 
 
Similarly, admissible preand post-natal expenses, too, could be limited to Rs 1,500-5,000. Waiting period — when maternity benefits are not paid — usually ranges from two to six years. “If the waiting period is low, there is a higher cost associated with the plan,” says Jacob. 
 
Policies that offer maternity covers are still costlier than regular ones. For example, under Max Bupa’s family floater product, the annual premium for a 30-year-old woman seeking a cover of Rs 5 lakh with maternity benefits will be Rs 14,816 (in a family of two adults). Without this component, it will be cheaper by around Rs 2,000-3,000. Similarly, in case of ICICI Lombard, the floater cover without maternity benefits will be cheaper by around Rs 7,000, while the difference is Rs 1,000 under Apollo Munich’s individual policy.

With Rising Costs, It May Pay To Buy A Separate Maternity Cover

<keyword id="6376757" type="COMPANY" weightage="20" keywordseo="Max-India">Max India</keyword>'s board has approved a corporate restructuring plan under which, the company will be split vertically into three different listed companies through a demerger process. This move is being undertaken to enable a better focus on each business. 
 
The shares of Max India jumped by more than 11% during intra-day trade today. 
 
Max India will now be renamed as Max Financial Services Ltd and it will focus only on the life insurance business. The second company will be called Max India, which will oversee Max Healthcare, health insurance business Max Bupa and Antara Senior Living. The third company will be called Max Ventures and Industries Ltd, under which the investment activity of the group’s manufacturing subsidiary, called Max Speciality Films Ltd, will take place. 
 "This structural reconfiguration readies us to capitalise on opportunities created by the anticipated all round growth acceleration and to henceforth look at the wider world of business opportunities," Max India Chairman <keyword id="10338" type="PERSON" weightage="20" keywordseo="Analjit-Singh">Analjit Singh</keyword> said.

Max India Board Gives Its Nod
To Split The Company Into 3 Distinct Entities

Walking amidst the streets of industrial Delhi, looking at the skyscrapers, you feel no less than walking in a video game fantasy. The advancement that we have achieved and the exponential pace with which we are moving is almost like time travelling. While one such sojourn, Imperia was the name that struck me. Property is the most hot-selling today. As we say, the best investment on earth is earth, we say it right. 
 Investing in property is seldom an effortless decision for a common man. It comes with colossal risks as the amounts involved are enormous. It has a fate changing outcome. With such insurmountable risks, it becomes all the more important to work with a trustworthy name, someone we can rely on. Imperia has been working for the past three decades, a golden stretch of time to earn our utmost faith. For 30 years, it has been tirelessly working to actualize dreams for people. Spanning across residential and commercial spaces, they having been investing in peace for people. With a presence that pans the country and an ISO 9001:2008 certification, they have leased out over 2 million square feet of commercial spaces to beau monde of the corporate industry. Freshly, the company has collaborated with E-Commerce samsons <keyword id="541988" type="COMPANY" weightage="20" keywordseo="SnapDeal">Snapdeal</keyword> and <keyword id="6354742" type="COMPANY" weightage="20" keywordseo="Flipkart">Flipkart</keyword>. Imperia has at all times been a collaborator with big-brands like Reliance, TATA, Samsung, Airtel, Siemens, Larsen &amp; Turbo, Max Bupa, GE Money, to name a few. It has also spread beyond Delhi and NCR, covering North India. With such high end countrywide collaborators, Imperia can by no means fail to honor our trust. <a href="https://www.facebook.com/ImperiaStructuresIndia" rel="nofollow" target="_blank">Imperia</a> has effectively delivered over 20 projects in prime locations of Delhi/NCR and at present has 5 million square feet under development. 
 
<a href="http://www.imperiastructures.com/" rel="nofollow" target="_blank">Imperia</a> is not just nationally acknowledged but also globally acclaimed. Spreading across Dubai, Kuwait and the UK, Imperia has attracted industrial megatons. From brokers to investors, Imperia has attracted all to partake in its one of a kind functionality. Imperia's intercontinental standing bestows on us a trust in the company so that we do not have to think twice. 
 Another and the most major reason for my inclination towards Imperia is its reverence for our depreciating ecology. Sustainability of resources is their leading concern. Their dynamically crafted architectures are built with environmentally approved methodologies. They ecologically tailor make all their constructions, ranging from residential abodes to ethnic malls, from commercial fabrications to leisurely lawns. Their futuristic approach is the need of the hour. A company's policies speaks volumes about its philosophy. Imperia's collaboration with E-commerce giants Snapdeal and Flipkart is also a step towards a pollution-free digital India. It convinces me and must assure each one of you that a family of people who worship nature deserve the faith of people who <keyword id="822040" type="UNKNOWN" weightage="20" keywordseo="dwell">dwell</keyword> in that nature. 
 
Their social concern extends to its construction laborers too. They have been enrolled with SHE (Safety, Health and Environment) program. They also have joined hands with NGOs and initiated for 'Share a Smile' campaign. They have an unmatched concern translated into worker friendly policies. They set a glorious example for work generators of the world by giving the employee a security, the clients a unique functionality and to us an unbreakable trust. 
 
(Image: www.realestatemarketingblog.org)

You Searched For "Max Bupa" and got 6 results

Niva Bupa Health Insurance files papers for ₹3,000-cr IPO

PTI

Max Financial Services: Company worth ₹24,000 crore running with only 12 employees

Eetika Kapoor

IRDAI approves 51 per cent stake acquisition in Max Bupa Health Insurance by True North

PTI

With Rising Costs, It May Pay To Buy A Separate Maternity Cover

Economic Times

Max India Board Gives Its Nod To Split The Company Into 3 Distinct Entities

BI India Bureau

E-Commerce Samsons Snapdeal and Flipkart now client of real estate Giant Imperia Structures

Business Wire India

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