Company Overview of Max Bupa Health Insurance Company Limited
Max Bupa Health Insurance Company Limited provides health insurance products and services to individuals and businesses in India. The company’s products include heartbeat health insurance plan to families and individuals; international medical emergency policy for emergency medical treatment; and health companion health insurance plan to protect against sudden medical expenses and medical treatment. It also provides health care related services. The company was formerly known as Max Bupa Health Insurance Limited. Max Bupa Health Insurance Company Limited was founded in 2008 and is based in New Delhi, India. Max Bupa Health Insurance Limited is a subsidiary of Max India Limited.
Salcon Ras Vilas
D-1 District Centre
New Delhi, 110017
Founded in 2008
Key Executives for Max Bupa Health Insurance Company Limited
Chief Executive of Bupa Group
Director of Customer Service & Operations
Compensation as of Fiscal Year 2014.
Max Bupa Health Insurance Company Limited Key Developments
Bupa To Increase Stake in Max Bupa From 26% To 49%
Jan 5 15
The British United Provident Association Limited proposes to increase its stake in Max Bupa Health Insurance Company Limited from 26% to 49%. If the Insurance Laws Amendment Ordinance 2014 receives legislative assent in the 2015 Budget Session of Parliament, Bupa will increase its stake in Max Bupa. Max Bupa is a joint venture wherein Max India Limited (BSE:500271) holds 74% stake and Bupa holds remaing 26% stake. David Fletcher, Managing Director of International Development Markets at Bupa said: "This decision underlines Bupa's commitment to the Indian health insurance market and represents a major milestone in the development of Max Bupa. With our partners Max India, we are committed to supporting Max Bupa’s growth and helping Indian consumers live healthier and more successful lives." Rahul Khosla, Managing Director, Max India Limited, welcomed the decision. The application to increase Bupa’s shareholding in Max Bupa will be subject to successful completion of the law-making process as well as all relevant regulatory and legal approvals. Bupa will submit formal applications to the relevant authorities for the regulatory approvals.
Max Bupa Health Insurance Company Limited Announces Revenue Results for the Second Quarter Ended September 30, 2014
Nov 12 14
Max Bupa Health Insurance Company Limited announced revenue results for the second quarter ended September 30, 2014. For the quarter, the company reported a growth of 21% in gross written premium to INR 860 million. It's average premium realization increased to 23% to INR 6,452.
Standard Chartered Bank and Max Bupa Enters into Bancassurance Corporate Agency Arrangement
Feb 12 14
Standard Chartered Bank and Max Bupa have announced their bancassurance corporate agency arrangement to provide Max Bupa's health insurance offerings to the customer base of Standard Chartered Bank across India. The arrangement comes on the back of IRDA's guidelines which permits a stand-alone health insurance company to avail the services of corporate agents of other life and /or Non-Life insurance companies to distribute their products in addition to the existing arrangements of the corporate agents with one life and one general insurance company. Standard Chartered will distribute Max Bupa's health insurance products to its customers across its ninety-nine branches spread over forty-two cities in India. Max Bupa will work with Standard Chartered Bank to ensure sales training, product support and smooth operational processes in order to offer Max Bupa's health insurance products to customers seeking a health cover for themselves and their family. This arrangement will reflect the core philosophy of Max Bupa of building unique product proposition around customer needs and Standard Chartered Bank's philosophy to provide best in class customer experience.
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