Latest news with #NivaBupaHealthInsurance
Mint
11-08-2025
- Health
- Mint
Don't let IVF drain your savings— Know your insurance options first
Many health insurance and maternity plans in India now offer IVF coverage as an add-on or under specific conditions, usually requiring a minimum sum insured, a waiting period, sub-limits on IVF expenses and restrictions on the number of treatment cycles There's been an increase in in-vitro fertilization (IVF) treatment in India due to factors such as rising infertility rates, growing disposable incomes, wider awareness about IVF and progress in IVF technology. Assisted reproductive technology refers to the medical procedures used to treat infertility. IVF is one of the most common forms of fertility treatment. The process starts with getting eggs from a woman's ovaries, fertilizing them with sperms in a lab and then implanting the resulting embryo in the uterus. Do health insurance policies cover IVF? The cost of a single IVF cycle in India can range from ₹90,000 to ₹300,000. Couples often wonder if health insurance covers IVF treatment. Generally, it does not but some insurers have started offering it in select plans. "As awareness around assisted reproductive health grows, we're seeing a shift in how insurance products are evolving to support this journey. Treatments like IVF, once considered outside the ambit of health coverage, are gradually being included in select health insurance plans, with a standard waiting period of two years or more," said Siddharth Singhal, head of health insurance at Policybazaar. 'Many health insurance and maternity plans in India now offer IVF coverage as an add-on or under specific conditions, usually requiring a minimum sum insured, a waiting period of two to three years, sub-limits on IVF expenses, and restrictions on the number of treatment cycles," said Bhabhtosh Mishra, director and chief operating officer at Niva Bupa Health Insurance. Review and check However, one should not assume that IVF is automatically a part of maternity plans. To identify these plans, policyholders should review policy documents for fertility benefits, check for optional riders, confirm waiting periods and limits, and consult insurance advisors or comparison platforms. While coverage for IVF treatment is gaining ground, it remains uneven across policy types. 'Corporate group policies (more common for mid-to-large employers) are much more likely to include fertility benefits, sometimes even without waiting periods," said Kunal Varma, CEO and founder of Freo, a digital finance app. However, a survey by Plum, an employee health insurance platform, found that less than 1% of the companies in India offer infertility treatment under group health insurance. Google and Flipkart have IVF cover in their corporate health policies. If you do not have corporate IVF coverage, getting an individual policy is the only option. People often overlook the key aspects of IVF coverage in insurance policies that can significantly affect their benefits. Most plans impose a waiting period of one to three years (commonly three years) before IVF-related claims can be made. Niva Bupa offers waiting periods of nine months up to four years, depending on the plan variant, and provides sub-limits aligned with the sum insured. 'Additionally, insurers usually set sub-limits and caps on IVF expenses—often a specific amount like ₹2 lakh separate from the base sum insured (typically ₹5 lakh or more)—and restrict the number of IVF cycles covered, generally allowing one cycle every few years," said Mishra. Many policies provide only partial coverage, covering diagnostics and medication but excluding advanced treatments like ICSI (intracytoplasmic sperm injection), embryo freezing or donor-related costs. Coverage typically applies only to treatments deemed medically necessary and performed at insurer-approved centres. One should also look at the actual words 'infertility treatment" or 'assisted reproductive technology" and consider if there are any exclusions, sub-limits or co-payment clauses. IVF is typically covered when deemed medically necessary. If it is not medically required, coverage may be denied. 'The policy seeker is advised to go through the policy document, terms and conditions and exclusions before opting for any riders or maternity cover," said Sarita Joshi, head of health and life insurance at Probus, an insurance broker. The fine print is thus critical. What are the exclusions? Most policies that offer IVF benefits typically cover only one cycle. 'If that attempt is unsuccessful, the cost of any additional cycles is usually borne by the insured. Non-medical expenses like travel, accommodation or psychological counselling are not included," said Ajay Shah, head – distribution at Care Health Insurance. Policies such as the Care Classic Plan by Care Health Insurance pay the benefit once in a block of three years, subject to policy renewal, and come with a waiting period of 36 months from the date of starting the policy. If the policy limits the number of cycles, policyholders will have to bear subsequent IVF expenses on their own. Also, policies covering IVF exclude costs such as egg/sperm donation, surrogacy fees, advanced procedures (ICSI, genetic testing), embryo freezing/storage and certain medication. IVF is often just one part of a longer journey—diagnostics, hormonal injections, follow-ups, and repeated attempts may all add to the bill. Take control of your IVF journey by getting financially prepared today. Health insurance can cover it only partially. (The author is a freelance journalist)
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Business Standard
01-08-2025
- Business
- Business Standard
Smallcap insurance stock under ₹100 sinks 7% post Q1; check stock strategy
Niva Bupa Health Insurance reported a massive rise in net losses during the quarter ended June 30, 2025, to ₹91.44 crore as against ₹18.82 crore reported in Q1FY25 SI Reporter New Delhi Niva Bupa Health Insurance share price today: Shares of insurance player, Niva Bupa Health Insurance, dropped over 7 per cent on Friday, August 1, 2025, logging an intraday low of ₹81.25. At 10:10 AM, shares of Niva Bupa Health Insurance Company were trading at ₹82.08, down by 6.25 per cent on the National Stock Exchange. In comparison, Nifty50 was trading at 24,738.85, down by 29 points or 0.12 per cent. At the time of writing this report, around 3.3 million shares had changed hands on the counter, cumulatively, on the NSE and BSE. The selloff on the counter came after the company released its earnings for the first quarter of the financial year 2025-2026 (Q1FY26). CATCH STOCK MARKET LIVE UPDATES TODAY Nive Bupa Q1FY26 earnings The insurance company reported a massive rise in net losses (calculated as per I-GAAP model) during the quarter ended June 30, 2025, to ₹91.44 crore as against ₹18.82 crore reported in the corresponding quarter of the previous fiscal year. However, the company recorded a profit after tax (PAT) of ₹70.1 crore in Q1FY26, as per the International Financial Reporting Standards (IFRS basis). Gross premium written (GPW) during the quarter under review increased by over 11 per cent to ₹1,631 crore as compared to ₹1,464 crore reported in Q1FY25. The company's combined ratio for the June quarter stood at 117 per cent as compared to 106.1 per cent reported in the same period of the last fiscal year. Niva Bupa's overall asset under management (AUM) stood at ₹8,111.7 crore in Q1FY26, up from ₹5,674.4 crore reported in the first quarter of the previous financial year. That apart, the insurance firm's retail market share improved to 10 per cent, maintaining its position as one of India's leading health insurers, as per the exchange filing. "In Q1FY26, the company's agency channel continued to lead as the top contributor to GWP, closely followed by brokers and it's bancassurance network. Notably, the company's retail business growth for digital business (including partners) on a like to like basis (without 1/N) was 31 per cent, indicating the increasing effectiveness of its digital strategies," the company release stated. ALSO READ | Brokerage View: WealthMills Securities Kranthi Bathini, director-equity strategy at WealthMills Securities, pointed out that while the company's Q1 results might have painted a subdued picture, the overall sectoral outlook remains positive. He has maintained a 'Hold' rating on the stock. "The company's quarterly results were below expectations, leading to selling pressure from investors. However, it is advisable to monitor the stock closely in the coming quarters, as the growth prospects for the overall insurance sector, especially health insurance, remain strong. Niva Bupa, in particular, stands out for its robust digital reach, which could support increased market share over time. Given these long-term fundamentals, existing investors can hold their positions. For new investors, adopting a 'buy on dips' strategy appears to be a prudent approach," he said. Ravi Singh, SVP-retail research, Religare Broking, also took a similar stance and issued a 'Hold' rating on the stock. "Existing long investors can average the position at current prices if it holds the ₹82-₹83 mark and exit if the daily closing falls below ₹82. For fresh buying, a decisive close above ₹85 levels is necessary. Stock is also facing resistance from 21– day EMA over which it has recently traded but fails to sustain," he said.
Time of India
20-07-2025
- Business
- Time of India
Tax department probes over 20 insurers over breach of expense limits
The Income Tax Department is looking into over 20 insurance companies they to see if that have breached regulatory Expense of Management (EoM) limits over the past two fiscal years, according to people familiar with the development. The move could impact five to six life insurers and as many as 15 general insurers, including standalone firms such as Niva Bupa Health Insurance and GoDigit General Insurance. Explore courses from Top Institutes in Select a Course Category Data Analytics Data Science Healthcare healthcare Finance Operations Management Product Management Cybersecurity Others Public Policy PGDM Technology Project Management Management MBA Leadership Artificial Intelligence Digital Marketing CXO others Data Science Degree Design Thinking Skills you'll gain: Data Analysis & Visualization Predictive Analytics & Machine Learning Business Intelligence & Data-Driven Decision Making Analytics Strategy & Implementation Duration: 12 Weeks Indian School of Business Applied Business Analytics Starts on Jun 13, 2024 Get Details To be clear, no notices have been sent as yet. These insurance companies under the scanner either overshot their regulatory expense limits or failed to provide sufficient explanations for cost overruns. Notices are expected to land in the coming weeks, with tax implications likely if companies are unable to justify the expenditures post change in norms by IRDAI in April 2023, sources in the know added. The income tax scrutiny follows 2022 notices by the DGGI to around 20 general insurance companies operating in SEZs, alleging unpaid dues of ₹2,000 crore. Similarly, life insurers have been facing a huge tax battle with the GST authority for allegedly issuing invoices without rendering actual services, with the adjudicating authority concluding that transactions were not actual. HDFC Life , for instance, is facing ₹5,500 crore tax notice for 2017-2022. Similarly, others including ICICI Prudential Life have also allegedly routed excessive commission payments to corporate agents under the guise of advertising expenses through marketing vendors. Following these tax notices, IRDAI, in April 2023 removed product-specific commission caps, putting an overall cap on expenses. This led to a jump in commissions paid by life insurers by 22% year-on-year in FY24 to ₹51,524 crore, while those by general insurers nearly doubled to ₹39,600 crore, according to IRDAI's annual report. About half of those companies are yet to limit their EoMs to 30% or 35% that the regulator has stipulated. The regulator has asked for a clear roadmap every quarter in terms of what is their plan to achieve the numbers within that limit of 30% or 35%. Listed Niva Bupa had reported expense of management ratio of 37.4% for FY25, which is 190 basis points above the allowable expense ratio of 35.5% considering 35% and some allowances on insure tech. The company has given a glide path in achieving EOM norm. While Go Digit has been able to reduce expense ratio to 33.4% in FY25 against 36.3% in FY24, it is still above the regulatory requirement of 30%. "Now, IRDAI obviously would be very serious about this, and this is my personal opinion, that I would expect IRDAI to take some corrective actions on EOM so that they can actually achieve the objective of lower commissions," said Kamesh Goyal, founder Go Digit Insurance, during an investor call in May. "So, we are on the path of reducing EOM, and the reduction has been decent. But the industry's trend is otherwise, especially with 1/n, and a lot of companies would actually be seeing an increase in EOM, bigger or smaller ones both."
Time of India
16-07-2025
- Business
- Time of India
MFs' June Picks: 12 smallcap stocks rally up to 75% in just over a month
In June 2025, mutual funds significantly increased their investments in select smallcap stocks, with 183 companies experiencing substantial buying activity. While 126 stocks showed positive returns, Jaiprakash Power Ventures and Gabriel India led with impressive rallies of 75% and 65%, respectively. Niva Bupa Health Insurance saw the highest share acquisition, though its stock price declined. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads In June 2025, mutual funds pumped cash in several smallcap stocks . Many of these stocks not only saw a large number of shares being bought but also showed strong price spikes. According to data sourced from ACE Equity and ACE MF , some of the popular picks included Jaiprakash Power Ventures Anand Rathi Wealth , and VIP Industries We looked at smallcap stocks where mutual funds added more than 1 lakh shares in June compared to May. This analysis showed that 183 smallcap companies saw heavy buying from mutual of these, 126 stocks delivered positive returns since the beginning of June — showing overall strength in the smallcap segment. From this list, we further shortlisted 12 stocks that rallied more than 25% between June 1 to present day, indicating strong upward momentum and high confidence from fund Power Ventures led the pack with a stellar rally of 75%, followed closely by Gabriel India, which jumped 65% over the same of the end of June: Mutual funds held 2 crore shares of Jaiprakash Power Ventures across 29 schemes, worth around Rs 38 crore. For Gabriel India, 36 mutual fund schemes held 2.1 crore shares, valued at Rs 1,457 crore, showing stronger institutional in terms of the highest number of shares added by mutual funds in June, Niva Bupa Health Insurance Company topped the list. Around 45 MF schemes added over 10 crore shares, taking the total holding to 15 crore shares, valued at approximately Rs 1,225 crore. Despite this heavy institutional interest, the stock has underperformed, falling by around 2% since the start of data suggests mutual funds are actively positioning themselves in select smallcap names, particularly those showing early signs of momentum — although not all high-ownership plays have translated into immediate gains.
Economic Times
02-06-2025
- Business
- Economic Times
True North, Krishnan Ramachandran sell 10% stake in Niva Bupa Health for Rs 1,507 crore
Private equity firm True North and Niva Bupa Health Insurance chief Krishnan Ramachandran divested a combined 10 per cent stake in the health insurer for Rs 1,507 crore through open market transactions. ADVERTISEMENT Mumbai-based True North, through its special purpose vehicle Fettle Tone LLP, sold a total of 17.29 crore shares or 9.46 per cent stake in two tranches in Niva Bupa Health Insurance, as per the bulk deal data on BSE. In addition, Niva Bupa Health Insurance MD and CEO Ramachandran offloaded 1 crore shares, representing a 0.55 per cent stake in Gurugram-based Niva Bupa Health Insurance. The shares were sold in the price range of Rs 82.11-82.76 apiece, taking the combined transaction value to Rs 1,507.50 the transaction, Fettle Tone's shareholding in Niva Bupa dipped to 8.01 per cent from 17.47 per cent. Meanwhile, DSP Mutual Fund acquired more than 4.96 crore shares in four tranches or 2.72 per cent stake in Niva Bupa Health Insurance, and SBI Mutual Fund picked up 1.51 crore shares or 0.83 per cent stake in the health insurer. ADVERTISEMENT The shares were purchased at an average price of Rs 82 per piece, taking the aggregate deal value to Rs 531.49 of the other buyers of Niva Bupa Health Insurance's shares could not be ascertained on the BSE. ADVERTISEMENT Also, M Pallonji and Co Pvt Ltd bought more than 1.35 crore shares, amounting to a 0.74 per cent stake in Niva Bupa Health for Rs 113.83 crore, as per the bulk deal data on the National Stock Exchange (NSE).The shares were acquired at an average price of Rs 83.95 apiece. ADVERTISEMENT Details of the sellers of Niva Bupa Health's shares could not be identified on the NSE. Shares of Niva Bupa Health Insurance Company plunged 9.98 per cent to close at Rs 83.07 per piece on BSE, and it declined 9.90 per cent to Rs 83.15 apiece on NSE. PTI (You can now subscribe to our ETMarkets WhatsApp channel)
