About Niva Bupa Health Insurance Co.

Incorporated in 2008, Niva Bupa Health Insurance Company Limited is a joint venture between the Bupa Group and Fettle Tone LLP that provides insurance in the health sector.

The company offers a holistic proposition by providing customers access to a comprehensive health ecosystem and service capabilities through its Niva Bupa Health mobile application and website.

The company's products are broadly categorized into

Retail products designed for individuals and families.
Group products intended for employers and employees,

As of March 31 2024, the company had 14.73 million active lives insured.

As of March 31, 2024, the company is present across 22 states and four union territories in India.

From Fiscal Year 2022 to Fiscal Year 2024, the overall GWP grew at a CAGR of 41.27%, while GWP from retail health increased by 33.41%.

As of March 31, 2024, the telemarketing sales team has 410 employees. It uses machine learning lead scoring, product recommendations, and a real-time CRM dashboard to engage customers and drive conversions.

Competitive Strength:

Diverse product range to suit customer's needs.
An automated approach to customer service driven by technology.

Bupa parentage and brand associated with health insurance and healthcare

The company's expertise and experience in claims and provider management.

As of March 31, 2024, the company's technology function had 126 employees who focused on developing digital assets, software, and mobile applications.

Category	Shares Offered	Shares Applied
QIBs Investor	0.00	0.00
Total HNIs Investor	0.00	0.00
Retail Investor	0.00	0.00
Shareholders Investor	0.00	0.00
Employee Investor	0.00	0.00
Total Subscription	--	--

Updated on N/A

GMP Date	IPO Price	GMP	Estimated Listing Price	Estimated Profit*	Last Updated
23-05-2026	76	₹22.1	₹98.1 ( 29.08% )	₹4,420.00	30-May-2026 02:48 PM

Strengths of Company

1. Strong Claim Settlement Performance
FY 2024-25 me claim settlement ratio lagbhag 92.4% tha.
Pichle kuch saalon me CSR continuously improve hua hai (90.5% → 91.9% → 92.4%). Ye claim handling process me improvement dikhata hai.
2. Strong Financial Stability
Solvency Ratio FY25 me 3.03x tha, jabki IRDAI requirement sirf 1.5x hai.
Higher solvency ratio ka matlab company ke paas future claims pay karne ke liye strong capital buffer hai.
3. Fast Digital Ecosystem
Bahut saare policy issuance aur renewals digital mode se hote hain.
Company digital claims aur cashless approval process par kaafi focus karti hai.
4. Large Hospital Network
10,000+ network hospitals ka access milta hai.
Cashless treatment ke liye kaafi wide coverage hai.
5. Rapid Business Growth
Gross Written Premium (GWP) aur market share dono consistently grow kar rahe hain.
FY25 me GWP ₹7,400+ crore ke aas-paas pahunch gaya aur retail health insurance market share lagbhag 10% tak improve hua.

Risks of Company

High Competition
Health insurance sector me strong competitors hain:
Star Health and Allied Insurance
Care Health Insurance
ICICI Lombard
HDFC ERGO
Competition badhne par premium growth aur profitability dono par pressure aa sakta hai.
2. Rising Medical Inflation
India me hospital treatment costs har saal badh rahi hain.
Agar claims premium se zyada speed se badhe, to company ka profit margin kam ho sakta hai.
3. Claim Ratio Risk
Health insurance business me sabse bada risk claims ka hota hai.
Epidemic, pandemic ya unexpected health events claim payouts ko kaafi badha sakte hain.
Higher claim ratio directly profitability ko affect karta hai.
4. Regulatory Risk
Insurance industry ko Insurance Regulatory and Development Authority of India regulate karti hai.
IRDAI ke rules me badlav se product pricing, commissions, capital requirements ya margins impact ho sakte hain.
5. Dependence on Distribution Channels
Company ka business agents, brokers, banks aur digital partners par depend karta hai.
Agar kisi major distribution partner ka business kam ho ya relationship impact ho, to new policy sales slow ho sakti hain.
6. Customer Complaint & Service Risk
Health insurance me claim rejection ya delays customer dissatisfaction ka reason ban sakte hain.
Negative customer experience brand reputation ko affect kar sakti hai.
7. Profitability Risk
Fast-growing insurers kabhi-kabhi market share gain karne ke liye aggressive pricing karte hain.
Growth to milti hai, lekin short-term profitability pressure me aa sakti hai.

Niva Bupa Health Insurance Co. FAQs

The Niva Bupa Health Insurance Co. IPO is a MAIN IPO with a total issue size of ₹ 2,200 crores. The IPO price band is fixed at ₹70 to ₹74 per share, and the minimum lot size is 200 Shares. The Niva Bupa Health Insurance Co. IPO will open on 7th Nov 2024, and will close on 11th Nov 2024. has been appointed as the registrar for the issue. The equity shares are proposed to be listed on BSE,NSE.

The Niva Bupa Health Insurance Co. IPO opens on 7th Nov 2024 and closes on 11th Nov 2024.

The Niva Bupa Health Insurance Co. IPO lot size is 200 Share, and the minimum amount required for application is ₹ 14800.

You can apply for the Niva Bupa Health Insurance Co. IPO through your bank account using the ASBA facility or via your online trading and Demat account. To apply online, log in to your broker’s platform, select Niva Bupa Health Insurance Co. IPO, enter the number of lots, choose your price within the price band, and submit the application. After submitting, approve the UPI mandate to block the required amount in your bank account. Once the IPO allotment is finalised, shares will be credited to your Demat account if allotted. If not allotted, the blocked amount will be released automatically.

The Niva Bupa Health Insurance Co. IPO listing date is 14th Nov 2024.