Aditya Birla Capital’s Post

🚀 The Niva Bupa Health Insurance IPO is here! A great opportunity for investors looking to enter the insurance sector. 🌟 Niva Bupa's IPO aims to raise ₹2,200 crore with a mix of fresh issue (₹800 crore) and offer for sale (₹1,400 crore). Subscriptions are open from November 7 to November 11, 2024. 📈 💵 Price Band: ₹70 - ₹74 per share 📅 Allotment Date: November 12, 2024 📈 Listing Date: Tentatively November 14, 2024, on BSE and NSE Investment Details: 👉 Retail Investors: Minimum 200 shares for ₹14,800 👉 sNII: 14 lots (2,800 shares) for ₹207,200 👉 bNII: 68 lots (13,600 shares) for ₹1,006,400 Lead Managers include ICICI Securities, Morgan Stanley India, Kotak Mahindra Capital, Axis Capital, HDFC Bank, and Motilal Oswal, with Kfin Technologies as the registrar. 📢 Don’t miss out on this chance to be part of Niva Bupa’s journey in the health insurance industry! #NivaBupaIPO #InvestmentOpportunity #HealthInsurance #IPOAlert #IndianMarket #StockMarket #RetailInvestors #BSE #NSE #FinancialMarkets

𝗜𝗻𝗱𝗶𝗮’𝘀 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗣𝘂𝘇𝘇𝗹𝗲: 𝗔 𝗣𝗮𝗿𝗮𝗱𝗼𝘅 𝗼𝗳 𝗣𝗲𝗻𝗲𝘁𝗿𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗗𝗲𝗻𝘀𝗶𝘁𝘆 🛡️📉📈  While 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗽𝗲𝗻𝗲𝘁𝗿𝗮𝘁𝗶𝗼𝗻 in India dropped to 𝟯.𝟳% 𝗼𝗳 𝗚𝗗𝗣 in FY24, its 𝗱𝗲𝗻𝘀𝗶𝘁𝘆—the average premium per person—saw an upward trend to $𝟵𝟱, showcasing an interesting shift. What’s driving this dichotomy? 🔸 𝗙𝗶𝘅𝗲𝗱 𝗠𝗶𝗻𝗱𝘀𝗲𝘁: Insurance is still seen as an investment tool rather than a safety net, with 𝘁𝗲𝗿𝗺 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 struggling to gain appeal. 🔸 𝗚𝗿𝗼𝘄𝘁𝗵 𝗣𝗼𝗰𝗸𝗲𝘁𝘀: Private insurers grew at 𝟭𝟱%, while public insurers lagged behind with almost no growth. 🔸 𝗖𝗵𝗮𝗻𝗴𝗶𝗻𝗴 𝗣𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝗲𝘀: The middle class, burdened by inflation, shifted toward 𝗺𝘂𝘁𝘂𝗮𝗹 𝗳𝘂𝗻𝗱𝘀 𝗮𝗻𝗱 𝗰𝗮𝗽𝗶𝘁𝗮𝗹 𝗺𝗮𝗿𝗸𝗲𝘁𝘀, reshaping financial priorities. 𝗧𝗵𝗲 𝗻𝘂𝗺𝗯𝗲𝗿𝘀 𝗱𝗼𝗻’𝘁 𝗹𝗶𝗲: A robust 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗹𝗶𝘁𝗲𝗿𝗮𝗰𝘆 𝗱𝗿𝗶𝘃𝗲 and simplified products are essential to reverse this trend and unlock India’s insurance potential. With the non-life insurance segment growing 𝟭𝟮.𝟳𝟲% and 𝗵𝗲𝗮𝗹𝘁𝗵 𝗶𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 leading the way, there’s still a silver lining for policymakers and insurers to capitalize on.  Can India’s vision of “Insurance for All by 2047” bridge this gap? Let’s discuss how innovation and education can drive deeper penetration in untapped markets.  #InsuranceGrowth #FinancialLiteracy #IndiaEconomy #CustomerEducation #PolicyChange #HealthInsurance

Aditya Birla Capital Infuses ₹23 Crore Into #HealthInsurance Arm via Rights Issue. It is a strategic move showcasing commitment to robust capital adequacy and expansion in the health insurance domain. ✨Key Highlights: •Investment Details:₹23 crore invested to enhance Aditya Birla Health Insurance's solvency margin. •Stake Update:Aditya Birla Capital retains 45.89% stake in the health insurer. •Purpose: To comply with regulatory solvency requirements and support growth. •Financial Trends:The insurer's net losses reduced from ₹79 crore to ₹65 crore YoY in Q2 FY25. #Healthcare #Insurance #AdityaBirla #Finance #GrowthStrategy Read more- https://lnkd.in/db6iDvdt

𝗕𝗶𝗴 𝗖𝗵𝗮𝗻𝗴𝗲𝘀 𝗔𝗵𝗲𝗮𝗱 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗜𝗻𝘂𝘀𝘁𝗿𝘆 𝗶𝗻 𝟮𝟬𝟮𝟱! The Ministry of Finance is gearing up to introduce key reforms that could reshape the Indian insurance landscape: ✅𝟭𝟬𝟬% 𝗙𝗗𝗜: Global insurance giants may soon have the green light to fully enter the Indian market, enhancing competition and innovation. ✅𝗟𝗼𝘄𝗲𝗿 𝗘𝗻𝘁𝗿𝘆 𝗕𝗮𝗿𝗿𝗶𝗲𝗿𝘀 𝗳𝗼𝗿 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗥𝗲𝗶𝗻𝘀𝘂𝗿𝗲𝗿𝘀: Net owned funds requirement to be slashed from ₹5000 crore to ₹1000 crore. ✅𝗕𝗼𝗼𝘀𝘁 𝗳𝗼𝗿 𝗨𝗻𝗱𝗲𝗿𝘀𝗲𝗿𝘃𝗲𝗱 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝘀: IRDAI to allow lower capital requirements (as low as ₹50 crore) for underserved markets. ✅𝗖𝗼𝗺𝗽𝗼𝘀𝗶𝘁𝗲 𝗟𝗶𝗰𝗲𝗻𝘀𝗶𝗻𝗴: Insurers will be able to offer both life and non-life insurance, paving the way for #combiproducts. ✅𝗟𝗜𝗖'𝘀 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗠𝗼𝘃𝗲: LIC is set to acquire a 50% stake in ManipalCigna Health Insurance, a significant push for health insurance penetration. ✅𝗖𝗮𝗽 𝗼𝗻 𝗕𝗮𝗻𝗰𝗮𝘀𝘀𝘂𝗿𝗮𝗻𝗰𝗲: Bancassurance distribution may be limited to 50%.This comes in view of Finance Minister Nirmala Sitharaman and IRDAI Chairman Debasish Panda raising concerns over mis-selling of insurance and bank shifting focus from core banking activity. #insurance #irdai #bancassurance #LIC #FDI #healthinsurance #insurancereforms

A report by the NITI Aayog said that 30 percent of the population, around 40 crore Indians, still lack any form of financial protection for health. Is this for real? What may be the reason? What can be done? Let’s discuss!! The GST on life insurance premiums has sparked significant debate recently, especially with the current rates perceived by many as excessively high. TMC leader and Rajya Sabha MP Derek O'Brien has written to Finance Minister Nirmala Sitharaman demanding the withdrawal of Goods and Services Tax (GST) on health & life insurance premiums. For term insurance and endowment policies, the GST rate stands at 18%, a rate that some believe is burdensome for policyholders.  This is particularly concerning given that life insurance is not a luxury but a financial necessity designed to provide security against unforeseen events like early death or illness. Critics argue that such high rates are counterproductive to increasing insurance penetration in India. Shilpa Arora, COO and co-founder of Insurance Samadhan, points out that the GST of 18% on premiums is "not justified" and calls for a reduction to make insurance more affordable for all. With regulatory bodies like IRDAI aiming for insurance for all by 2047, revisiting the GST rates on these essential products could be a crucial step in achieving this goal. Reducing GST on life insurance premiums could encourage more people to opt for adequate coverage, thereby improving financial security across various socio-economic groups. As discussions continue, it's clear that making insurance more accessible could have far-reaching benefits for the broader community. What is your take on this? #gst #insurancepremium #healthcare #irdai #insurancesamadhan

🔔 Attention Attention : 🧠Did you know 1 out of every 20 Indian suffer from Depression. Mental health isn’t talked about enough much in india. 🫡Major General Vikram Dev Dogra’s story is inspiring. He suffered from depression at the peak of his career, but overcame that and went onto becoming the first Army Officer to complete the Ironman Triathlon. 🎖️ 💪🏻We can fight and overcome setbacks but always keep edequate Health Insurance coverage. It covers depression and other mental ailments. ❤️🩹 🫶🏻We CARE and We can Help. Feel free to reach out and talk it out. Our team is available just 1 phone call away.📱 🤝Choose Hope - Choose Right Horizons ✅ 🙌🏻You can also reach me directly - Vishal Pandey | +91 7039090602 | vishal.p@righthorizons.com Meet our team and details on other services and offerings at www.righthorizons.com Happy to help you !! Right Horizons Financial Services Pvt Ltd Right Horizons Portfolio Management Services #privatebanking #wealthmanagement #wealthplanning #wealthadvisor #wealthmanagers #wealthcreation #ifas #privateclients #familyoffices #investments #investing #HNIs #equities #stockmarket #pms #hni #uhni #investments #privatewealthmanagement #alternaatesuniverse #webinar #investment #FamilyOffices #FamilyOfficeClub #businessfunding #businessowners #businessgrowth #privateinvesting #founders #investorsgroup #investorsclub #smartinvestment #investmentplan #InvestorStrategy #InvestorLeadsu

🚀 Expanding Horizons: Insurers to Offer Related Products and Services Imagine a future where your car insurer not only provides coverage but also offers auto repair services, or your home insurer bundles fire extinguishers and safety alarms with your policy. This vision may soon become reality, as the government considers allowing general insurers to bundle their core insurance products with non-insurance offerings. This move, aimed at increasing insurance penetration and delivering enhanced value to customers, could redefine risk management in India. Health insurers may offer gym memberships and diagnostic services, while vehicle insurers could include roadside assistance and repairs. Similarly, home insurers might provide safety consultations and essential safety tools. The idea is to create comprehensive risk mitigation solutions, reducing the incidence of losses and enabling insurers to offer competitively priced products. With support from the Insurance Regulatory and Development Authority of India (IRDAI), the finance ministry is evaluating proposals to allow insurers to provide services incidental to their core business. If implemented, this could be a game-changer for the insurance sector, fostering innovation, improving customer experience, and reducing overall risk for the nation. What are your thoughts on this exciting development? Let’s discuss! source:- Business Standard Birla Institute of Management Technology (BIMTECH) Manoj Kumar Pandey Pratik Priyadarshi #InsuranceInnovation #RiskManagement #CustomerExperience #IRDAI

💡 SBI Life Invests in the Future of Insurance with Bima Sugam 💡 Exciting news! SBI Life has announced a 10% stake in Bima Sugam India Federation, an innovative platform set to revolutionize the insurance industry. 🛡️ What is Bima Sugam? A centralized marketplace for insurance products and services, aiming to simplify and enhance the insurance-buying experience in India. 💰 Investment Details: SBI Life will invest ₹6.6 crore. This includes 66 lakh equity shares at a face value of ₹10 each. 📅 The Journey Ahead: Incorporated in June 2024, Bima Sugam is on a mission to make insurance more accessible, transparent, and efficient for everyone. This collaboration underscores SBI Life's commitment to innovation and growth in the insurance sector. Looking forward to seeing how this platform transforms the way India interacts with insurance! Thanks to Equivaluesearch #Insurance #Innovation #SBI #BimaSugam #DigitalTransformation #BusinessGrowth

#LIC (Life Insurance Corporation of India) is significant for several reasons: #InsuranceCoverage: LIC provides life insurance coverage to millions of people in India, offering financial protection to policyholders and their families. #InvestmentOpportunities: It offers various investment products like endowment plans, ULIPs (Unit Linked Insurance Plans), and pension plans, allowing individuals to grow their wealth over time. #EconomicImpact: As one of the largest insurance companies in India, LIC's operations and investments play a substantial role in the country's economy, including capital markets. #SocialSecurity: LIC's policies contribute to social security by providing financial stability to individuals during critical life stages such as retirement, education, and healthcare needs. #EmploymentOpportunities: The company employs a significant number of people across its various offices and branches, contributing to employment generation in India. . #lic #opportunity #insurance #security

We made a deep dive into India's insurance landscape, and observed two different stories unfolding - while one highlights our rapid growth, another reveals strikingly low coverage. Let’s take a closer look:    India's insurance sector is booming 🚀 We're set to be the 6th largest market globally by 2032! But our insurance penetration is still playing catch-up.    📈 The Growth Story:  •Total premium volume reached $127 Bn in 2021   • Growing at 13.5%, we're outpacing the global premium volume average of 9%  • Expected 9% annual growth for the next decade    🔍 The Reality Check:  • Overall insurance penetration: 4.2% (2021)  • Life insurance: 3.2% - above global average  • Non-life insurance: Only 1%    This contrast highlights a critical challenge: the insurance literacy gap.    At this point, the "Insurance for All by 2047" vision announced by IRDAI is ambitious yet crucial. To achieve this, we’ll need to focus on:    1. Addressing the Urban-Rural Divide: Tailoring education for diverse demographics  2. Leveraging Digital Adoption: Capitalizing on India's projected 1 Bn internet users by 2026  3. Driving Product Innovation: Developing accessible, easy-to-understand policies  4. Building Trust: Enhancing transparency and streamlining claims processes    At Capsurance, we're committed to bridging this literacy gap. It's not just about market growth – it's about fostering financial resilience across India.    We're keen to hear your thoughts!   #InsuranceLiteracy #IndianInsurance #FinancialInclusion #Capsurance