Niva Bupa hosts a Health Symposium in Chennai
Healthcare and financial experts converge to discuss the future of healthcare in the region
Chennai, India 18th November 2023 – Niva Bupa Health Insurance (formerly known as Max Bupa Health Insurance) – one of India’s leading standalone health insurance players hosted a healthcare symposium at the Anna Auditorium in Chennai to discuss the healthcare needs of the city and the broader state of Tamil Nadu. At the event more than 1000 delegates which included Insurance advisors, CAs, Mutual Fund Advisors, and Financial Consultants deliberated on the need for comprehensive health insurance coverage to safeguard one’s health as well as savings in case of a medical crisis. The event, titled “Better Together” aims to promote insurance awareness through a series of Business Opportunity Programs (BOP) and health symposiums.
This event was organized to have a conversation on health insurance opportunities in the region and delve deep into the healthcare challenges being faced. In Tamil Nadu, we have approx. 90k insurance agents out of which Chennai has 40k. A highlight of the event was an inspiring and motivational talk by Gopinath Chandran, a distinguished television anchor, news presenter, and moderator based in Chennai. His insights not only added a unique dimension to the discourse but also energized the audience with a renewed sense of purpose.
By fostering collaborations and addressing healthcare challenges head-on, we believe in creating a future where health insurance is not just a product but a powerful tool for building healthier and more secure lives.
Ankur Kharbanda, Chief Distribution Officer, Niva Bupa Health Insurance expressed the importance of the event, stating, ” In the ever-evolving landscape of healthcare, understanding the nuances of health insurance has never been more crucial. As of September 2023, the total health insurance business in India for the financial year 2024 reached an impressive INR 58,974 crores. This symposium represents a pivotal step toward promoting insurance awareness and improving overall health. At Niva Bupa, we are committed to empowering individuals through knowledge, and this event embodies that commitment.”
At the event, the audience engaged in a meaningful interaction on topics related to healthcare and insurance, encouraging further exchange of ideas and perspectives.
Commenting on the occasion Nimish Agarwal, Executive Vice President and Chief Marketing Officer, Niva Bupa Health Insurance said, “Today’s event marks a significant milestone in our ongoing mission to revolutionize health insurance accessibility. Recent data highlights that 65% of health insurance purchases are initiated when an advisor reaches out to the consumer. Recognizing this trend, it becomes not just strategic but imperative for Niva Bupa to drive penetration in health insurance by empowering and mobilizing more advisors into this crucial category.
Our commitment is to provide every Indian with the confidence to access the best healthcare available, and we believe that an empowered advisor network is pivotal in achieving this goal. The event today signals the beginning of a transformative journey, where we are dedicated to compelling and empowering a dynamic set of advisors, he added”.
The symposium in Chennai was a resounding success, fostering dialogue, innovation, and collaboration among key stakeholders in the health insurance sector. This event reaffirmed Niva Bupa’s commitment to shaping healthcare conversations and making more people aware of the importance of health insurance. In FY 22 -23, Niva Bupa has 1072 offices pan India.
About Niva Bupa (Formerly known as Max Bupa)
Niva Bupa Health Insurance Company Limited is committed to offering every Indian the confidence to access the best healthcare – ‘Zindagi Ko Claim Kar Le’. A JV between True North, a leading Indian private equity firm, and the UK-based healthcare services expert, Bupa Singapore Holdings Pte. Limited. Niva Bupa currently has over 200 offices pan India. It additionally offers health insurance through its 20 bank partners spread across 45,000+ branches.
Niva Bupa currently covers 10 million lives and has 10,100+ hospitals as part of its network where customers can avail of cashless treatment. The company has been empowering consumers since 2010 with innovative products and solutions across all age groups in urban & rural markets. It is one of the fastest-growing health insurance companies with an annual average of 90%+ claim settlement ratio.
With an employee base of over 8000 people, Niva Bupa is an ‘Employer of Choice’ with a strong value-based culture and a sustainable business model to build a healthier future.
