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Indian health insurance JV Max Bupa plans US$100 mln expansion

 

Friday, Dec 10,2010, 6:44:11 PM   Click:

Indian health insurer MAX BUPA on Tuesday said it would invest over Rs 450 crore (US$100.5 million) in the next four years to expand its business. "Currently, the paid up capital of the company stands at Rs 236 crore and promoters are committed to infuse more capital as and when required," Max Bupa Health Insurance chief executive Damien Marmion said after releasing Bupa's Health Pulse 2010 report here.

* In the next 3-4 years the equity base of company should be Rs 700 crore, he said.

* The stand-alone health insurance company, which started its operation nine months ago, is a joint venture between health-care major, Max India (BSE:500271) and British health insurer Bupa.

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