Niva Bupa Health Insurance IPO : Dates, GMP, Details
About Company
Niva Bupa Health Insurance Company Ltd. was originally incorporated as Max Bupa and is a joint venture between Max India Limited and the UK based Bupa Company. The last year saw the acquisition of Max India’s share that triggered a change in the company brand to Niva Bupa. Today it functions with a goal of providing affordable health insurance for those it seeks to serve across India’s population. Thus, ensuring the policy of transparency and customer-oriented approach, Niva Bupa offers a selection of health insurance policies for different healthcare requirements.
Key Products of Niva Bupa Health Insurance
Niva Bupa has many health insurance products, which makes it possible to meet the insurance needs of individuals of different age, family size and affordability limits. Here are some of their popular products:
Health Companion
Health Companion is a cost-effective product where people can choose their premiums as a doorstep health insurance up to ₹ 1 crore. It comes with a which comprises inpatient and day care hospitalization expense along with pre and post-hospitalization expenses It also allows availing cashless treatment at a network hospital in India. For the purpose of this plan, the no-claim bonus is available where the coverage amount rises with every year the client does not raise a claim.
ReAssure Plan
Niva Bupa’s ReAssure is one of the newer policies available to its clients which allows for the reinstatement of the sum insured an unlimited number of times. It is useful for families since it will help to avoid a situation when different claims of different members of the family will change the total sum insured. It also consists of hospital room rents, daycare charges and a health check up facility.
Senior First
Focused towards the senior first policy caters for the policyholders who are aged 60 years and above. Such advantages include lower co-payment for pre-existing conditions and renewable for life option thus providing for the later years of life.
CritiCare
CritiCare is a critical illness plan from Niva Bupa that provides cash payment benefit if the policyholder is diagnosed with life-altering diseases including cancer, heart disease, kidney failure and stroke. This plan is useful for people looking for coverage against expensive disease treatment which may be expensive to be afforded.
Key Benefits of Niva Bupa Health Insurance
With the Leadership and Mission statements namely ‘Customer First, Business Excellent and Respect for people’ Niva Bupa Health Insurance has several customer-centric value-added benefits in addition to the mandatory health insurance benefits. Here are some of the stand-out benefits:
- Cashless Hospitalization
Niva Bupa cashless network is spread across over 7000 hospitals all over India in which policyholders can get the treatment done. This feature helps out during emergencies by freeing a patient from the pressure of shelling out cash for the healthcare bills.
- No Room Rent Capping
Several of the company’s plans were also flexible in that they allowed one to choose any hospital ward without necessarily restricting room rents. This is particularly favorable for those policyholders, who are stipulated to stay in private rooms or special facilities.
- Direct Claim Settlement
Following the policy of minimal inconvenience during the claims filing process, Niva Bupa receives, settles and processes all claims independently, not through TPAs. This makes processing of claims much easier and faster and at the same time relieves the insured of a lot of effort.
- No Claim Bonus (NCB)
For every year that you have not lodged any claim, Niva Bupa will offer you a no-claim bonus. This benefit reinstate the sum insured without an extra cost thus enabling the insured persons to accumulate optimal coverage plans.
- Health Check-Ups
Some of the Niva Bupa plans offer the opportunity for the customers to have a health check-up after one, two, and three years at no extra price. Such check-ups ensure that policyholders remain always conscious of their health and more so any upcoming complications.
- Pre and Post Hospitalization Benefits
Almost all plans have pre-hospitalization and post-hospitalization expenses which may mean expenses of 30 to 90 days before and after admission. This means that even contingencies like recovery and follow up visit expenses risks are catered for rendering the coverage full.
- Alternative Treatments
Most plans cover AYUSH & they acknowledge the creeping growth of non- allopathic systems of medicine & treat AYUSH under selected plans of Niva Bupa.
Financial Overview of Niva Bupa Health Insurance
Niva Bupa Health Insurance Company Limited is one of India’s fastest-growing leading Indian Health Insurers with a total health GDPI of ₹54,944.28 million in the Fiscal 2024. In the last two years, it has operated at a faster rate than the competition through having a CAGR of 41.37% of health gross direct premium income (GDPI) in this period. Using ‘Niva Bupa Health’ mobile application and website, the company offers diagnostics, teleconsulting as well as management of health insurance policies.
Niva Bupa Health Insurance Company Limited’s revenue increased by 44.05% year on year and net profit rose by 552.73% during FY24 over FY23.
This company is affiliated to the Bupa Group, and therefore has the benefit of experienced insights from other countries. Regarding the customer and key account management, the company uses an LTV –based approach, and it has a varied sales distribution system either through direct sales and through intermediaries. It also has strategic emphasis on digital while also highlighting its claims settlement Ratio, which is impressive and has a large hospitals network. In particular, it has exhibited outstanding growth in its Gross Written Premium (GWP) together with an emphasis on customer service and loyalty by incorporating advanced service and technological support.
Niva Bupa Health Insurance Future
Niva Bupa Health Insurance IPO, a Mainline IPO of ₹ 2,200.00 Cr opens on 07th November 2024 to 11th November 2024. The fresh issue comprises ₹800.00 Cr and offer for sale ₹1400.00 Cr.
Offer price, including service tax: Rs 10 per share, price band: 70.00-74.00 per share. You may apply for a minimum lot of 200 shares worth Rs 14800 to Niva Bupa Health Insurance Mainline IPO.
BSE, NSE tentative listing date is 14-11-2024.
Niva Bupa IPO Details
IPO Date | November 7, 2024 to November 11, 2024 |
Listing Date | 14 November, 2024 |
Face Value | ₹10 per share |
Price Band | ₹70 to ₹74 per share |
Lot Size | 200 Shares |
Total Issue Size | 297,297,297 shares (aggregating up to ₹2,200.00 Cr) |
Fresh Issue | 108,108,108 shares (aggregating up to ₹800.00 Cr) |
Offer for Sale | 189,189,189 shares of ₹10 (aggregating up to ₹1,400.00 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Shareholding pre issue | 1,700,122,985 |
Shareholding post issue | 1,808,231,093 |
Niva Bupa IPO Timeline
IPO Open Date | Thursday, November 7, 2024 |
IPO Close Date | 11 November, 2024 |
Basis of Allotment | Tuesday, November 12, 2024 |
Initiation of Refunds | Wednesday, November 13, 2024 |
Credit of Shares to Demat | Wednesday, November 13, 2024 |
Listing Date | Thursday, November 14, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on November 11, 2024 |
Niva Bupa IPO GMP:
Niva Bupa Health Insurance is not being traded in Grey Markets.
Niva Bupa IPO Lots Allotment
Application | Lots | Shares | Amount |
Retail (Min) | 1 | 200 | ₹14,800 |
Retail (Max) | 13 | 2600 | ₹192,400 |
S-HNI (Min) | 14 | 2,800 | ₹207,200 |
S-HNI (Max) | 67 | 13,400 | ₹991,600 |
B-HNI (Min) | 68 | 13,600 | ₹1,006,400 |
Conclusion
Niva Bupa Health Insurance comes with an affordable flexible broad coverage health insurance experience. Niva Bupa offers a number of plans depending on your need: you may be a single individual looking for basic protection or a family seeking comprehensive cover. Its direct claim settlement, extensive hospital network, and customer satisfaction dimension were certain guarantees in the health insurance market. Alongside investment in a Niva Bupa health insurance policy, you will be financially protected and motivated for a healthier way of life through initial preventive healthcare. Choose Niva Bupa for today and invest in a tension-free life coupled with a secure health future in an unpredictable world.
Also Read : How to invest in SIP for Beginners ?
FAQ'S
What are the key dates for the Niva Bupa Health Insurance IPO ?
- Opening Date: November 7, 2024
- Closing Date: November 11, 2024
- Allotment Date: Expected on November 12, 2024
- Listing Date: Set to deliver on November the 14th 2024 on BSE and NSE
What is the price band for the Niva Bupa IPO ?
The price band for the IPO is set between ₹70 and ₹74 per share
What is the lot size for the Niva Bupa IPO ?
Every lot contains 200 shares and an investor must invest a minimum amount of ₹ 14,800 at the highest price level of ₹ 74.
What is the expected total issue size for this IPO ?
It should be noted that the IPO will have an offer of ₹ 2, 200 crore whereby ₹ 800 crore is for fresh issues and ₹ 1,400 crore are through the Offer for sale by the promoters.
What is the Grey Market Premium (GMP) for Niva Bupa’s IPO ?
At the moment, the GMP is flat (₹0), which means there is no premium available at the gray market according to the most recent update .
