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Niva Bupa Health Insurance Ltd is Tech driven leading health insurer in India. Niva Bupa is the 3rd largest and the 2nd fastest growing standalone health insurer (SAHI) in India based on overall health gross direct premium income (GDPI)
Niva Bupa's Issuer Rating reaffirmed [ICRA]AAA (Stable), signaling strong financial health. Proposed subordinated debt issuance up to ₹500 Cr received an [ICRA]AA+(Stable) rating, facilitating future capital raising plans.
Niva Bupa Health Insurance secured regulatory approval for Mr. Ashwani Bhatia as its Chairperson. This leadership appointment is a notable governance development for the company.
Niva Bupa Health Insurance has secured an [ICRA]AAA(Stable) Issuer Rating from ICRA Limited. This signifies a very strong capacity to meet financial obligations, enhancing the company's credit profile.
Niva Bupa allotted 3,00,500 new Equity Shares through its ESOP Scheme 2020. This exercise by eligible employees boosts the company's paid-up share capital to 1,84,77,57,271 Equity Shares.
Niva Bupa received IRDAI approval for existing investor Fettle Tone LLP to transfer up to 14.62 crore equity shares, signaling a potential ownership structure change.