ICICI HEALTH INSURANCE
Niva Bupa files for Rs 3,000-cr IPO
Niva Bupa Health Insurance files a ₹3,000 crore IPO, aiming to enhance solvency ratio and operating expenses. British United Provident Fund Bupa is an existing shareholder. TrueNorth-managed Fettle Tone LLP and Bupa Group play key roles in the IPO process.
Health insurer Niva Bupa, Sagility India files draft papers with Sebi for IPOs
The IPO, with each share having a face value of Rs 10, consists of a fresh issuance worth Rs 800 crore and an offer for sale totaling up to Rs 2,200 crore by the promoters and existing investors. As part of the OFS, Bupa Singapore Holdings and Fettle Tone will be divesting their stakes.
Health insurer Niva Bupa files for Rs 3,000 crore IPO
The company, majority owned by British United Provident Fund (Bupa), said it will issue fresh shares worth up to eight billion rupees as part of the offering.It aims to use the proceeds from that sale to strengthen its balance sheet and for operating expenses.
Only 3% of India’s 62 million business owners have SME insurance: ICICI Lombard’s Anand Singhi
Our focus on end-to-end risk management for MSMEs through various tailored digital solutions makes us different, says Anand Singhi, Chief of Retail and Government Business at ICICI Lombard.
Indian financiers’ debt lures buyers on widest spread since 2020
Investors are wary of funding strains affecting the rapid economic growth in India, despite enticing opportunities in shadow lender bonds. The concern lies in the widening spreads and the potential hurdles that could impede the country's impressive growth trajectory.
Q4 results: Stable costs boost India Inc. profits
Steady costs and firm domestic demand supported corporate performance in the March quarter.
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CAMS Repository Services launches insurance portfolio management platform
CAMS Insurance Repository Services (CAMSRep) introduced 'Bima Central,' an insurance portfolio management platform aimed at simplifying policy management for customers by aggregating benefits and ensuring claim-readiness. The scheme addresses the challenges faced by policy holders. Accessible to those with an electronic Insurance Account (eIA) with CAMSRep, Bima Central emerged from industry collaboration to enhance the value of insurance, with SBI General as the anchor insurer and others in the process of integration.
Here's why Pankaj Pandey is bullish on cement stocks
When you look at the tier I players, it is not that we are not liking tier I. So, tier I if you look at, say, for example, between ACC and Ambuja, Ambuja is trading at 16 times EV by EBIDA, something similar what UltraTech is also trading.
A 'kavach' helped 46,000 Indian women avoid deadly work during heat waves
In Ahmedabad, scorching temperatures above 43C for a week left laborers like Lataben Makwana facing deadly conditions. A program by ICICI Lombard provided relief, paying out $340,000 to 46,000 women when temperatures spiked. Led by SEWA, the initiative aims to expand, offering financial security to vulnerable workers impacted by climate change.
Amfi stock classification: Multibagger midcaps NHPC, BHEL, 5 others likely to turn largecaps
Existing largecaps likeICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, Polycab India, SRF, Marico, SBI Cards & Payment Services and Berger Paints are likely to lose their tags.
Insurance helped 46,000 Indian women avoid deadly work during heat waves
During extreme heat waves, 46,000 Indian women in Ahmedabad received financial aid from an insurance program to stop work in hazardous conditions. The scheme, linked to temperature thresholds, provided payments allowing them to pause labor without losing wages, ensuring safety and sustaining their livelihoods.
I am a retired person; I have a health insurance cover of Rs 5 lakh. Should I get a super top-up health insurance plan?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
NHCX, a single portal for all health insurance claims soon: what is the claims process, benefits to policyholders
The digital platform, to be launched in 2-3 months, will speed up and standardise claim settlement process, leading to cost benefits for the insured.
Insurtech startup Coversure raises $4 million in funding from Enam Holdings
Insurtech startup Coversure raised $4 million in pre-series A funding led by Enam Holdings. They plan to build a consumer-centric insurance engagement platform using data intelligence and machine learning capabilities.
Apis, Madison and ROC Capital sell Star Health shares worth Rs 2,210 core
Apis Partners held a 2.61% stake via Apis Growth 6, Madison Capital via Mio Star held 2.21% and Mio IV Star held 2.39%, and ROC Capital owned 1.01%, as of March 2024. Mio IV Star, ROC Capital and Apis Partners liquidated their entire stakes in the deal.
Where should I invest Rs 1 crore to get monthly income of Rs 1 lakh?
Our panel of experts will answer questions related to any aspect of personal finance. If you have a query, mail it to us right away.
Narayanan Vaghul, the banking doyen, passes away at 88
Narayanan Vaghul, the banker who built ICICI, passed away at 88. He was the youngest chairman of Bank of India at 44 and quit banking due to bureaucratic interference. Vaghul was awarded Padma Bhushan in 2010 and The Economic Times Lifetime Achievement Award in 2006. He is survived by his wife, daughter, and son.
Go Digit on the fast track to growth is a long-term investor's bet, for now
Go Digit has grown business faster over the past six years. It has the lowest loss ratios among peers, which reflects high underwriting quality. In addition, a higher retention ratio and claims ratio augur well for future growth.
Go Digit IPO commands healthy GMP as Street awaits one of the most sought after issues this year
In the unlisted market, the company's shares are commanding a healthy premium of Rs 50 in the unlisted market. The company has priced the IPO in the range of Rs 258-278 per share
Insurers are having a Chillar Party: Maternity insurance sales skyrocket as couples brace for soaring costs
Rising childbirth costs in India drive a surge in demand for maternity insurance, growing at 80% annually. PolicyBazaar data reveals 78% of policies are bought by men. Insurers see these policies as customer magnets despite expected claims. Factors like urbanization and increased C-sections contribute to the trend. Reliance General Insurance reports a 21.5% increase in C-section deliveries since 2016.
Digit IPO: tempering tech valuations & other top startup stories this week
This is Pratik Bhakta in Bengaluru. Insurance startup Digit, by valuing itself at a discount of 25% to its last known private market valuation, seems to have stuck its neck out. And it’s a move that’s certainly got everyone talking.
Go Digit IPO: Price band for Virat Kohli-backed Rs 2,615 crore IPO announced
Go Digit IPO: Bengaluru-based insurtech start-up Go Digit General Insurance on Friday announced that its Rs 2,615 crore IPO, which will open on May 15 and close on May 17, will have a price band of Rs 258 to Rs 272 per share.
Go Digit IPO to open on May 15; Virat Kohli, Anushka Sharma not selling shares
Go Digit General Insurance's IPO, opening on May 15 and closing on May 17, includes a fresh share issue of Rs 1,125 crore and an OFS of 54,766,392 shares. Promoter Go Digit Infoworks, Virat Kohli, Anushka Sharma offload stakes.
Moneymakers! ICICI Bank, UltraTech among 5 stock ideas for up to 28% upside
MOFSL shares five stock ideas that have the scope to offer up to 28% returns to investors. Take a look:
General Insurance industry grows 12.78% in FY24
In FY23, the insurance industry had reported a growth rate exceeding 16%. However, there was a slowdown in FY24 largely due to the performance of crop insurance. Specialised insurer AIC reported a decline of 32% in growth due to the slowdown in agriculture insurance.
ICICI Prudential MF buys Star Health's shares for Rs 193 crore
ICICI Prudential Mutual Fund on Tuesday bought shares of Star Health and Allied Insurance Company for Rs 193 crore through an open market transaction.
Cashless health insurance at all hospitals now but network hospitals are still better option for ‘assured’ cashless treatments
On paper, cashless everywhere is a great initiative as it aims to reduce out-of-pocket expenses of policyholders for medical treatments. However, health insurance policyholders need to keep a couple of things in mind before opting for a cashless everywhere facility at any hospital. You need to understand if you go to a non-empanelled hospital, how it will charge you for the treatment. Read here to know more
ICICI Lombard appoints Priya Deshmukh as head of health products, operations & services
Priya Deshmukh, a seasoned professional with 27 years of experience, is appointed as head of health products, operations & services at ICICI Lombard General Insurance. Her appointment is expected to drive innovation, enhance customer well-being, and contribute to the growth of the health insurance business.
70% choose health as a reason for buying health insurance over tax savings; ICICI Lombard study
ICICI Lombard’s report on emerging trends in health insurance with focus on taxation benefit”, offered a comprehensive analysis of the financial behaviour of individuals who have made at least one tax-saving financial investment and own health insurance or have an intention to purchase.
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