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MUMBAI: More than half of young Indians, in the age group 24 to 34, who buy health insurance drop out within the first three years, exposing a structural weakness in policy retention.According to a Niva Bupa health insurance survey, 55% of policyholders in the age group who let policies lapse do so within three years…
MUMBAI: The CEO of Niva Bupa Health Insurance said it is the cross-subsidisation of loss-making corporate group policies by retail health insurance, rather than high acquisition costs, that is weighing on retail insurance penetration.Krishnan Ramachandran, MD & CEO, Niva Bupa said insurers need to step up investments to expand retail health insurance and increase its…
MUMBAI: Niva Bupa Health Insurance posted a profit after tax of Rs 76 crore in Q3 FY26, lifting its nine-month profit to Rs 208 crore, a rise of about 74% from a year earlier. The company said the improvement reflects progress towards sustainable profitability as scale benefits and cost controls strengthened.Gross written premium for the…
