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Niva Bupa Health Insurance Limited was originally incorporated as ‘Max Bupa Health Insurance Limited’ at New Delhi as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 5, 2008, issued by the Assistant Registrar of Companies, National Capital Territory of Delhi and Haryana and was granted its certificate for commencement of business on December 23, 2008 by the Deputy Registrar of Companies, National Capital Territory of Delhi and Haryana. Thereafter, the name of the company was changed to ‘Max Bupa Health Insurance Company Limited’, upon a request by the IRDAI, pursuant to a fresh certificate of incorporation dated July 30, 2009 issued by the Registrar of Companies, National Capital Territory of Delhi and Haryana. The company was required to discontinue using the ‘Max’ brand in its name, pursuant to Max India Limited ceasing to hold Equity Shares in the company. Hence, the name of the company was changed to ‘Niva Bupa Health Insurance Company Limited’ pursuant to a fresh certificate of incorporation dated July 5, 2021 issued by the Registrar of Companies - Delhi.
Further, the company was granted its first certificate to carry out the business of general insurance by a certificate dated February 15, 2010 given by the IRDAI which was renewed on an annual basis under Section 3A of the Insurance Act. Pursuant to an amendment to Section 3A of the Insurance Act with effect from December 26, 2014, the process of annual renewal of certificate of registration was discontinued. Accordingly, the certificate of renewal of registration as issued to the company on February 25, 2014 continues to be in effect.
The company is a standalone health insurer (SAHI) strategically focused on the retail health market. The company is one of India’s largest and fastest growing SAHIs. It also offers personal accident and travel insurance products to its customers. Its purpose is to ‘give every Indian the confidence to access the best healthcare’. It aims to achieve this purpose through its health insurance products and services that enable customers to navigate their healthcare journey, by providing them access to a holistic health ecosystem.
Responding to the evolving needs of its customers years of operations, it has built a track record of product innovation catering to a range of customer groups. It offers its customers the ability to access a comprehensive health ecosystem and service capabilities via its ‘Niva Bupa Health’ mobile application and website, thereby offering them a holistic proposition. This application provides its customers access to a range of healthcare solutions including diagnostics, digital consultation, annual health check-ups and health education content. Customers can also undertake claims submission, policy servicing and track health parameters through this application. Through its diverse and evolving product suite and its ‘Niva Bupa Health’ mobile application and website, it aims to provide its customers access to a range of healthcare and disease management solutions.
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The company is a standalone health insurer (SAHI) strategically focused on the retail health market. It also offers personal accident and travel insurance products to its customers.
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