Niva Bupa Health Insurance

Niva Bupa Health Insurance

9.9/10

OneAssure Rating

Our Verdict

Niva Bupa Health Insurance provides comprehensive coverage, including access to over 10,000 cashless hospitals, chronic and maternity coverage, and affordable premiums. It offers up to 15% online and 30% renewal discounts, and covers consumables and health check-ups from Day 1. The plan also includes automatic sum insured increases based on inflation. However, the lack of a monthly premium payment option and higher complaint rates related to claims and purchases may be drawbacks to consider. Despite these, it remains a solid choice for extensive coverage.

Pros

Cons

Company Stats

Industry Avg.


6623.86

Niva Bupa Health Insurance


5607.57

Gross Direct Premium

Industry Avg.


83.49%

Niva Bupa Health Insurance


59.02%

ICR%

Rating 9.9/10

Solvency3.9/4
ICR3/3
Growth3/3

About the Company

Niva Bupa Health Insurance, formerly known as Max Bupa Health Insurance, is a prominent health insurance provider in India. It is a joint venture between Bupa, a UK-based healthcare services expert, and True North, an Indian private equity firm.  The company offers a diverse range of health insurance plans tailored to meet the varying needs of individuals and families. Their policies are designed to provide comprehensive coverage, ensuring financial protection against unforeseen medical expenses.

One of their notable offerings is the ReAssure 2.0 Health Insurance Policy, which covers a wide array of medical expenses, including hospitalization, surgeries, doctor consultations, and post-hospitalization care. With a network of over 10,000 trusted healthcare providers across India, Niva Bupa ensures that policyholders have access to quality medical care when needed. Their commitment to customer satisfaction is evident through streamlined claim processes and wellness benefits, aiming to deliver peace of mind and financial security during medical emergencies.

In June 2024, Niva Bupa announced plans to raise $360 million through an initial public offering (IPO), potentially valuing the company at up to $2.5 billion.

This move underscores their growth trajectory and commitment to expanding their services in the Indian health insurance market.

Krishnan Ramachandran serves as the Managing Director and CEO of Niva Bupa Health Insurance Company Limited. With over 24 years of experience in the health insurance, healthcare, and life sciences industries, Mr. Ramachandran has previously held leadership positions at Apollo Munich Health Insurance Company Limited and Apollo DKV Insurance Company Ltd.

KYC Documents Required

Aadhar Card

Voter ID Card

PAN card

Passport

Claim Settlement

Cashless Claim

Reimbursement Claim

Renewal

Online Renewal

Offline Renewal

Key points to remember during Renewals

Renew your policy before the due date to avoid lapses.
Benefit from a 30-day grace period for late renewals.
Switch insurers during renewal without losing accumulated benefits.
Assess and upgrade your plan or add riders if needed.
Maintain uninterrupted access to Niva Bupa’s cashless hospital network.

Customer Support

Talk to an OneAssure Insurance Expert for FREE.

For Niva Bupa Health Insurance customer care :
Toll Free - 1860 500 8888,
E-mail - customercare@nivabupa.com

Other related companies

New India Assurance
Star Health Insurance
SBI General Insurance Company Limited
IFFCO TOKIO General Insurance Company Limited
HDFC ERGO
Tata AIG

Frequently Asked Questions