BUPA will seek to increase your participation in the health insurance firm Niva Bupa. The executive director of Niva Buppa Health Insurance, Krishnan Ramachandran, told ET that, although there are no compromised deadlines, the opportunity is after the announcement of the budget to allow a direct foreign investment in the sector.“They are the largest and most majority shareholders and are very excited about the opportunity of India. But there are no timelines committed at this time,” he said. At present, through Singapore Holdings bup, the Health Services Firm based in the United Kingdom Bup has a 55.98% participation in the company.
The health insurance firm reported profits after taxes (PAT) of RS 13.2 million rupees with a growth of 189% ALY in Q3Fy25. In a statement, he pointed out that participation in the Niva Bupa retail health market has increased from 9.0% by 9MFy24 to 9.6% in 9MFy25.
The growth is based on the contribution of many factors, including the company’s retail digital business (including partners), which has grown by approximately 32% similarly in the third quarter of 2015, he said.

According to the new premium recognition framework prescribed by IRDAI, which entered into force since October 2024, the GWP written cousin (GWP) of Niva Bup for the third quarter of the fiscal year 2015 is RS 1442 million rupees with a growth of 2 , 1% of the year.

On Saturday, the Minister of Finance, Nirmala Sitharaman, in her budget speech, announced an increase in the limit of foreign direct investment in the 100% insurance sector from the existing 74%. “This improved limit will be available for those companies that invest the entire premium in India,” he said. According to the latest data, the sector received R 82,847 million rupees until September 24, and 41 insurance companies have FDI until March 2024.

According to the Ministry of Finance, an increase in FDI will bring more players to the market, improving the competition that will result in better products, better customer service and more affordable premiums, ultimately improving the penetration and density of insurance, reducing, reducing Thus the protection gap.

To make this more attractive, the government is reviewing companies with FDI, residence requirements for the appointment as a member of KMP/Board prescribed and additional safeguards for the payment of dividends and the composition of the Board and make them simpler.