In the dynamic landscape of health insurance, Niva Bupa Health Insurance, previously recognized as Max Bupa, has rapidly established itself as a prominent contender in the Indian market. With the increasing demand for healthcare services, especially in the aftermath of the pandemic, the insurance industry is set for substantial expansion. Investors are keen to seize the opportunities presented by this burgeoning market, and Niva Bupa Health Insurance is a notable entity in this regard. In this analysis future stock value will deliver a comprehensive examination of the growth potential of Niva Bupa Health Insurance, explore the elements that affect its stock price, and present a pragmatic Niva Bupa Health Insurance Share Price Target 2030.
Niva Bupa Health Insurance Overview
Niva Bupa Health Insurance stands out as a significant entity in the health insurance sector in India, recognized for its diverse array of health plans designed for individuals, families, and corporate clients. This company is a collaboration between Niva Insurance (previously referred to as Niva Bupa) and the Bupa Group, a global healthcare provider based in the UK. With a steadfast dedication to delivering accessible, affordable, and high-quality healthcare services, Niva Bupa has rapidly gained the confidence of millions of policyholders.
The health insurance products provided by the company encompass critical illness coverage, maternity insurance, and family floater plans, among other options. In recent years, Niva Bupa has significantly advanced in digital innovation, prioritizing the enhancement of the customer experience through technological solutions. Furthermore, the company has been reinforcing its presence in multiple regions across India, thereby broadening its customer base.
Niva Bupa Health Insurance Share Price Target 2030
Considering the anticipated expansion of the Indian health insurance sector, along with Niva Bupa’s increasing market share and robust financial results, it is plausible to project that the company’s share price may experience a compound annual growth rate (CAGR) of 10-15% from now until 2030. This growth trajectory would position the company favorably to provide substantial returns to long-term investors.
Current Price ₹ 72/-
| Year | Bullish Scenario | Intermediate Situation | Bearish Scenario |
|---|---|---|---|
| 2026 | ₹ 390 – ₹ 500 | ₹ 340 – ₹ 400 | ₹ 300 – ₹ 350 |
| 2030 | ₹ 2000 – ₹ 2500 | ₹ 1600 – ₹ 2100 | ₹ 1100 – ₹ 1500 |
Taking into account the growth potential within the health insurance industry, Niva Bupa’s position as a market leader, and its commitment to innovation, a projected target price range for 2030 may fall between ₹2,000 and ₹2,500 per share. Nevertheless, it is crucial to recognize that stock prices can fluctuate due to market dynamics, global economic influences, and events specific to the company.
For further details, click here. www.nivabupa.com
Niva Bupa Health Insurance Essentials
- Market Cap : ₹ 13,987.71 Cr.
- Enterprise Value : 13,844.90 %
- No. of Shares : 182.70 Cr.
- P/E : 170.89**** is too high
- P/B : 2.78
- Face Value : ₹ 10
- Div. Yield : 0 %
- Book Value (TTM) : ₹ 27.52
- CASH : ₹ 142.82 Cr.
- DEBT : ₹ 0 Cr.
- Promoter Holding : 55.98 %
- EPS (TTM) : ₹ 0.45
- Sales Growth : -46.42 %
- ROE : 5.68 %
- ROCE : 4.84 %
- Profit Growth : 552.68 %
Niva Bupa Health Insurance Peer Comparison
| COMPANY | PRICERs. | MCAPCr. | P/B | P/E | EPSRs. | ROE% | ROCE% | P/S | EV/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| ICICI Prudential | 565 | 81,422.20 | 7.04 | 83.38 | 6.76 | 8.36 | 8.10 | 55.32 | 70.71 |
| General Ins. Corp | 422.60 | 73,693.57 | 1.76 | 10.29 | 40.82 | 18.16 | 22.02 | 21.12 | 10.48 |
| Go Digit General Ins | 288.55 | 26,555.46 | 5.92 | 73.36 | 3.92 | 7.51 | 7 | 54.84 | 74.15 |
| New India Assurance | 159.55 | 26,201.55 | 1.21 | 26.32 | 6.04 | 5.50 | 7.04 | -41.89 | 41.58 |
| Star Health & Allied | 343.80 | 20,143.89 | 2.87 | 25.57 | 13.42 | 14.36 | 17.76 | 27.56 | 19.36 |
| Niva Bupa Health Ins | 76.56 | 13,978.58 | 2.78 | 170.78 | 0.45 | 5.68 | 4.84 | 74.34 | 0 |
Niva Bupa Health Insurance Quarterly Result
(All Figures in Cr.)
| PARTICULARS | Sep 2024 | Dec 2024 | |||
|---|---|---|---|---|---|
| Revenue From Operation | 1,213.22 | 1,135.80 | |||
| Total Expenditure | 1,386.85 | 1,281.68 | |||
| Other Income | 186.65 | 159.12 | |||
| Interest | 0 | 0 | |||
| Depreciation | 0 | 0 | |||
| Profit Before Tax | 13.02 | 13.24 | |||
| Tax | 0 | 0 | |||
| Net Profit | 13.02 | 13.24 | |||
| Adjusted EPS (Rs) | 0.08 | 0.07 |
Niva Bupa Health Insurance Profit & Loss
(All Figures in Cr. Adjusted EPS in Rs.)
| PARTICULARS | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Revenue From Operation | 117.16 | 124.96 | 45.08 | 350.94 | 188.03 |
| Income From Investments | 28.07 | 29.51 | 37.54 | 55.96 | 137.54 |
| Other Income | 0.01 | 0.03 | 7.19 | 6.16 | 3.16 |
| Expenses | 156.79 | 178.42 | 284.15 | 399.50 | 245.06 |
| Provision | 15 | -2.52 | -19.98 | 0 | 0 |
| Profit Before Tax | -61.55 | -49.74 | -196.53 | 12.54 | 81.85 |
| Tax | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -61.55 | -49.74 | -196.53 | 12.54 | 81.85 |
| Adjusted EPS (Rs) | -0.55 | -0.37 | -1.40 | 0.08 | 0.48 |
Niva Bupa Health Insurance Balance Sheet
(All Figures are in Crores.)
| Particulars | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Sources of funds | |||||
| Share Capital | 1,126 | 1,349.73 | 1,408.60 | 1,510.68 | 1,699.54 |
| Reserve and Surplus | -780.10 | -773.08 | -901.25 | -679.97 | 349.73 |
| Fair Value A/C | 0 | 0.13 | -2 | -3.36 | 0.83 |
| Borrowings | 0 | 0 | 0 | 0 | 0 |
| Policy Holders Fund | 0.02 | 0.04 | 250.30 | 250.73 | 250.56 |
| Funds For Appropriations | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 345.92 | 576.82 | 755.65 | 1,078.08 | 2,300.65 |
| Application of funds | |||||
| Investment | 1,067.21 | 1,621.56 | 2,401.32 | 3,366.09 | 5,458.23 |
| Loans | 0 | 0 | 0 | 0 | 0 |
| Total Net block | 38.71 | 45.89 | 49.16 | 51.85 | 58.30 |
| Other N/C Assets | 2.47 | 1.63 | 0.52 | 3.73 | 0.51 |
| Net Current Assets | -762.47 | -1,092.26 | -1,695.34 | -2,343.60 | -3,216.39 |
| Total Assets | 345.92 | 576.82 | 755.65 | 1,078.08 | 2,300.65 |
Niva Bupa Health Insurance Shareholding Pattern
| Summary | Dec 2024 | Nov 13, 2024 |
|---|---|---|
| Promoter | 56.0% | 56.0% |
| FII | 8.9% | 8.6% |
| DII | 9.8% | 9.6% |
| Public | 25.4% | 25.8% |
“The financial figures mentioned in this analysis are derived from Ticker by Finology for accuracy and reliability.”
Niva Bupa’s Financial Results and Prospects for Expansion
To comprehend Niva Bupa’s stock price target for 2030, it is essential to first assess its present financial performance and growth path. Analyzing the company’s financial stability can offer valuable insights into its prospects for sustained growth and profitability in the long term.
Expansion of Revenue and Market Presence
According to the most recent financial reports, Niva Bupa has experienced a consistent rise in its premium income, indicating substantial year-over-year growth. In 2022, the company reported a notable increase in its gross written premium (GWP), reflecting its capacity to secure a greater portion of the Indian health insurance market. With the population of India expanding and health insurance awareness increasing, firms such as Niva Bupa are well-positioned to take advantage of the growing demand.
Profitability and Profit Margins
Although achieving profitability in the insurance industry may require time due to underwriting risks and claims costs, Niva Bupa’s capacity to sustain robust margins and manage expenses is commendable. The organization has prioritized enhancing its underwriting practices and minimizing operational inefficiencies, which may positively influence its financial performance in the future. Additionally, as Niva Bupa works on strengthening its brand and expanding its market presence, it is anticipated that the company will experience economies of scale, potentially leading to improved profitability over time.
Financial Stability and Solvency
In the insurance sector, solvency serves as a vital indicator, reflecting a company’s capacity to fulfill its long-term commitments. Niva Bupa has reliably upheld a robust solvency ratio, which is essential for its stability and prospects for growth. With a strong financial base, Niva Bupa is effectively equipped to navigate potential market volatility, regulatory shifts, or unexpected economic difficulties.
The Indian Health Insurance Industry: A Growth Story
The Indian health insurance sector is poised for significant change, influenced by a variety of factors:
Rising Healthcare Costs
The expanding middle class and heightened awareness of healthcare issues are anticipated to significantly boost the demand for health insurance in India. Industry reports indicate that healthcare expenditure in India is projected to increase at a compound annual growth rate (CAGR) exceeding 15% in the near future. As medical costs continue to escalate, a growing number of individuals and families are likely to acquire health insurance policies to safeguard themselves against the financial challenges associated with healthcare expenses.
Government Programs and Regulatory Assistance
The Indian government has been instrumental in advancing health insurance by implementing various initiatives, such as Ayushman Bharat, which seeks to extend health coverage to marginalized communities. These programs are anticipated to encourage greater uptake of health insurance products, thereby benefiting private companies like Niva Bupa.
Furthermore, the Insurance Regulatory and Development Authority of India (IRDAI) has implemented regulations aimed at fostering innovation and competition within the industry. This regulatory framework is anticipated to cultivate a more favorable market for growth, prompting insurance companies to innovate and broaden their services to meet the needs of a progressively diverse clientele.
Increased Health Awareness Post-COVID
The COVID-19 pandemic has elevated health issues to a prominent position in public awareness. An increasing number of individuals in India are recognizing the importance of sufficient health coverage, which is anticipated to lead to a rise in the uptake of health insurance. Additionally, the trend of utilizing digital platforms for acquiring insurance and handling claims is expected to persist, thereby broadening the health insurance market.
Niva Bupa Health Insurance Plans
Niva Bupa Health Insurance, previously recognized as Max Bupa Health Insurance, stands as one of the most reliable health insurance providers in India. The organization presents a range of health insurance solutions designed to cater to the varied requirements of individuals, families, and corporate entities. Whether you seek coverage for hospitalization, critical illnesses, or maternity benefits, Niva Bupa offers comprehensive plans that ensure extensive protection, a seamless claims experience, and reassurance.
Individual Health Insurance Plans
1) Niva Bupa Health Companion Plan
The Health Companion Plan stands as one of Niva Bupa’s premier offerings, aimed at delivering extensive coverage for individuals. This plan encompasses a broad spectrum of hospitalization and healthcare costs, such as room charges, surgical procedures, ICU fees, as well as expenses incurred before and after hospitalization.
Key Features:
- Extensive protection: Covers all costs associated with hospitalization, such as physician fees, diagnostic tests, medications, and additional expenses.
- Cashless hospitalization: Receive treatment at more than 5,000 affiliated hospitals throughout India without the need for upfront payment.
- Daycare procedures: Offers an extensive array of daycare services (services that do not necessitate overnight hospital stays).
- Before and after hospitalization: Covers medical costs incurred both prior to and following hospitalization.
- No cap on room rent: You have the option to select any type of room, including a private room, according to the amount of insurance coverage.
- Free health check-up: Policyholders are offered complimentary annual health check-ups to assess their overall well-being.
- Additional optional features: You can improve the policy’s coverage by adding supplementary riders, including critical illness coverage and personal accident coverage, among others.
2) Niva Bupa ReAssure Plan
The ReAssure Plan aims to safeguard individuals by allowing for several restorations of the insured amount throughout the policy duration. Consequently, when the insured sum is depleted, the coverage is renewed at no extra charge, guaranteeing uninterrupted protection.
Key Features:
- Automated recovery : If the insured amount is exhausted, the plan will automatically reinstate the coverage at no additional cost.
- Extensive reach: Covers costs related to hospitalization, outpatient treatments, expenses for organ donors, and additional services.
- Cashless hospitalization: Receive treatment at affiliated hospitals without the need for advance payment.
- Critical illness cover: Coverage for significant critical illnesses, such as cancer, heart attack, and kidney failure, is available as an optional benefit.
- No claim bonus: Receive bonuses for each year without claims, which can enhance the total insured amount.
- Lifetime renewability: The plan offers the possibility of lifetime renewal with no age restrictions. It is particularly suitable for those seeking extensive coverage, along with the advantage of sum insured restoration throughout the duration of the policy.
Family Floater Health Insurance Plans
1) Niva Bupa Health Companion Family Floater Plan
The Health Companion Family Floater Plan is structured to provide coverage for the entire family under one sum insured. This plan includes extensive hospitalization benefits, maternity coverage, and protection for both adults and children, guaranteeing that all family members are safeguarded.
Key Features:
- Family coverage: Provides coverage for you, your spouse, children, and dependent parents within one policy.
- Cashless hospitalization: Treatment is accessible at more than 5,000 network hospitals throughout India without the need for upfront payment.
- Maternity benefits: Provides coverage for maternity costs and newborn care following the waiting period.
- Pre and post-hospitalization: Covers medical costs incurred up to 30 days prior to hospitalization and 60 days following hospitalization.
- Preventive healthcare: Comprehensive complimentary health assessments for the whole family each year.
- Restoration benefit: The insured amount will be restored if it is depleted within the duration of the policy.
Perfect for: Families seeking to obtain extensive health insurance for all members under a single policy, along with the benefit of cashless hospitalization.
2) Niva Bupa Family Floater Plan with Critical Illness Cover
This Family Floater Plan, which includes Critical Illness Coverage, is tailored for families seeking protection against hospitalization costs as well as critical health conditions. Beyond addressing standard hospitalization expenses, it also offers protection for severe illnesses, including cancer, heart attacks, strokes, and more.
Key Features:
- Comprehensive coverage: Includes coverage for hospitalization, outpatient procedures, maternity care, and serious illnesses.
- Critical illness coverage: Addresses significant critical illnesses such as cancer, heart attack, stroke, and kidney failure, which are frequently excluded from standard health insurance policies.
- Cashless network hospitals: Cashless services available at an extensive network of hospitals throughout India.
- Annual health check-ups: Annual complimentary preventive healthcare check-ups available for the whole family.
- Flexible sum insured: You have the option to select the insured amount according to your family’s healthcare requirements.
Perfect for: Families seeking an all-encompassing health insurance plan that includes coverage for general hospitalization as well as critical illnesses, providing financial security in the event of life-threatening conditions.
Senior Citizens Health Insurance Plans
1) Niva Bupa Health Insurance Plan for Senior Citizens
The Health Insurance Plan for Senior Citizens is specifically tailored to address the healthcare needs of individuals aged 60 and above. Recognizing the heightened healthcare demands that come with aging, this plan provides vital coverage for hospitalization, serious illnesses, and additional services, with no age restrictions for renewal.
Key Features:
- No upper age limit: Open to individuals aged 60 and older, with no maximum age restriction for renewals.
- Comprehensive coverage: Includes coverage for hospitalization, outpatient treatments, critical illnesses, and additional services.
- Pre-existing disease cover: Offers coverage for pre-existing conditions following a waiting period of 36 months.
- Cashless hospitalization: Receive treatment at more than 5,000 affiliated hospitals without the need for upfront payment.
- Annual health check-ups: Complimentary health assessments are provided to help senior citizens maintain their well-being.
- Wide coverage for critical illnesses: Covers critical illnesses including cancer, heart disease, and stroke.
Perfect for: Elderly individuals seeking extensive health insurance that includes coverage for pre-existing conditions and critical illnesses.
Critical Illness Insurance Plans
1) Niva Bupa Critical Illness Plan
Niva Bupa’s Critical Illness Plan is structured to offer a one-time payment upon the diagnosis of a critical illness, including conditions like cancer, heart attack, stroke, kidney failure, and other significant health issues. This plan assists policyholders in managing the substantial medical expenses that often accompany critical illnesses, which typically necessitate extended treatment.
Key Features:
- Lump sum payout: A one-time payment is disbursed upon the diagnosis of a critical illness.
- Covers 20+ critical illnesses: Covers a broad spectrum of medical conditions, including cancer, heart attacks, kidney failure, strokes, and more.
- No reimbursement required: The payout may be utilized to address various medical costs, extending beyond just hospital stays.
- Flexible sum insured: You can choose the sum insured based on your financial needs and the cost of treatment for critical illnesses.
- Cashless treatment: Cashless services are offered at an extensive network of hospitals.
Suitable for: Those seeking a plan that offers financial security in the event of serious illnesses, providing a one-time payment for medical treatment.
Top-up and Super Top-up Plans
1) Niva Bupa Top-up Plan
The Top-up Plan enables individuals to enhance their coverage while keeping premium increases to a minimum. This plan serves as an addition to an existing health insurance policy, providing coverage for hospitalization costs after the deductible has been met.
Key Features:
- Affordable premiums: It is possible to improve your current health insurance plan without incurring significant premium costs.
- Flexibility in sum insured: Select the top-up amount that best meets your requirements.
- Cashless hospitalization: Accessible at the hospitals within the Niva Bupa network.
- Comprehensive coverage: Includes coverage for hospitalization, outpatient treatments, pre- and post-hospitalization care, and additional services.
Suitable for: Those who possess an existing health insurance policy and seek to enhance their coverage without incurring elevated premiums.
Conclusion
Niva Bupa Health Insurance stands as a formidable entity within the Indian health insurance sector, exhibiting significant growth potential. The company’s commitment to broadening its range of products, adopting digital innovations, and upholding a robust financial base strategically positions it for enduring success. With the Indian health insurance market on the brink of expansion, Niva Bupa is well-positioned to reap the rewards as an increasing number of individuals acknowledge the value of health insurance.
Read more: Niva Bupa Health Insurance Share Price Target 2030