Bhaskar News Service
Bijnor. Niva Bupa Health Insurance (formerly Max Bupa Health Insurance) has expanded into Bijnor with the aim of providing the best health insurance to every Indian. Ankur Kharbanda, Director and Chief Distribution Officer, said, we are very excited to enter Bijnor. This expansion is part of our plan to expand our footprint in India and provide health insurance across the country. Uttar Pradesh is an important state for Neeva Bupa and currently more than 6 percent of our business comes from the state. Commenting on this development, Ankur Kharbanda, Director and Chief Distribution Officer (Neeva Bupa Health Insurance) said, the company aims to protect 5000 people in the next few years and grow at 53 per cent from the current 49 per cent in India. The company will also appoint 200 advisors in the next one year and will increase it to more than 1000 in the next few years. The company has also tied up with 8 main hospitals, where customers will get cashless facility. Neeva Bupa will bring opportunities to the people of the city through training programs and encourage housewives and senior citizens to become insurance agents so that they can achieve financial independence. He said, currently only 1.3 percent of the state’s population is covered by retail health insurance, so there is immense potential for expansion of health insurance in this market. With expansion into new cities like Bijnor in Uttar Pradesh, we will take health insurance coverage to more people in the state and increase UP’s contribution to our overall GWP. Neva Bupa is one of the fastest growing companies in the health insurance market in India. One is, which is continuously growing at a CAGR of 49 percent since FY 2020. With this growth rate the company is expected to grow at a CAGR of 53 per cent in Bijnor over the next five years to reach a revenue of Rs 3 crore by FY 2027-28. Neeva Bupa is one of the most trusted brands in the country with over a decade of experience in providing quality healthcare to the people. The company offers a wide range of affordable, comprehensive, and disease-specific products to suit the changing health needs of customers. Niva Bupa’s strong product portfolio includes indemnity products like Resure, Resure 2.0, Senior First, Personal Accident Plan, Health Companion, GoActive, Health Premia, and Health Pulse.
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