In 2024, which company debuted on the stock exchanges with a 5% premium, becoming India’s first listed multinational health insurer? 

The correct answer is Niva Bupa.

Key Points

• Niva Bupa, formerly known as Max Bupa, debuted on the stock exchanges in 2024 with a 5% premium.
• Niva Bupa became India’s first listed multinational health insurer.
• The company is a joint venture between True North, a leading Indian private equity firm, and the Bupa Group, a global healthcare company.
• Niva Bupa has a strong market presence with a wide range of health insurance products tailored to the needs of Indian customers.
• The listing marks a significant milestone for the company, reflecting its robust growth and expansion strategy in the Indian market.

Additional Information

• Health Insurance Market in India
  • The health insurance sector in India has seen rapid growth due to increasing healthcare costs and rising awareness about the need for health coverage.
  • As of 2023, the health insurance penetration in India remains low, offering significant growth potential for insurers.
  • Government initiatives like Ayushman Bharat have also contributed to the expansion of the health insurance market.
• Key Terminologies
  • Premium: The amount paid periodically to the insurer by the insured for covering their risk.
  • Policyholder: The individual or entity that owns the insurance policy.
  • Coverage: The extent of protection provided under an insurance policy.
  • Claim: A request made by the insured to the insurer for payment of the benefits under the policy.
• Multinational Health Insurers
  • Multinational health insurers operate across various countries, providing health insurance solutions tailored to different markets.
  • They leverage their global expertise and local market knowledge to offer competitive and comprehensive health insurance products.
• Regulatory Environment
  • The Insurance Regulatory and Development Authority of India (IRDAI) is the regulatory body overseeing the insurance sector in India.
  • IRDAI's regulations ensure the financial stability of insurance companies and protect policyholders' interests.