14032015Sat

Last updateFri, 13 Mar 2015 4pm

#NewMarkets: Bupa UK sees strong growth in India

British healthcare giant Bupa is eager to expand quickly in India's fast-growing health insurance market, once a rule change on foreign investment is implemented, the firm's chief executive said on Thursday.

Bupa, which operates globally and gets 70 percent of its revenue from health insurance, said in January it planned to raise its stake to a new maximum of 49 percent in its joint venture with Max India, from the current maximum for a foreign investor in insurance of 26 percent.

Bupa was the first foreign company to announce plans to raise its holding in an insurance venture after the rule change was announced in late 2014. 

The bill was passed in India's lower house of parliament on Wednesday.

"The health insurance market is still quite a nascent market, there is tonnes of headroom for growth," Stuart Fletcher told Reuters.

"We are doing all the preparatory work to be able to move quickly as soon as the ordinance is turned into statute."

The private medical insurance market in India has been growing at around 15 percent a year, Bupa said, supported by the country's emerging middle class with an increasing disposable income.

Bupa posted 2014 underlying pre-tax profit of £638 million on Thursday, up 8 percent from a year earlier on a constant exchange rate basis.

BLOG COMMENTS POWERED BY DISQUS

 

Photo Gallery- Featured

  • latest Post

  • Most Read

Addmotor Electric Bike| Electric bike shop / electric bicycle shop Electric bike review| Electric trike| Fat tire electric bike| Best electric bike| Electric bicycle/E bike| Electric bikes for sale| Folding electric bike| Electric mountain bike| Electric tricycle Mid drive electric bike| Juiced Bikes Pedego Rad-Power

Tomtop| Online shop| Online Einkaufen

地產代理/物業投資| 租辦公室/租寫字樓| 地產新聞| 甲級寫字樓/頂手| Grade A Office| Commercial Building / Office building| Hong Kong Office Rental| Rent Office| Office for lease / office leasing| Office for sale| Office relocation

DecorCollection European design furniture| sofa hk| sofas| beds| coffee tables| dining tables| dining chairs| sideboards| furniture hk| Cattelan Italia| Koinor

International schools hong kong| Wycombe Abbey| private school hong kong| English primary school Hong Kong| primary education| boarding school Hong Kong| Wycombe Abbey School

邮件营销| 電郵推廣| 邮件群发软件| Email Marketing| 搜尋引擎優化 SEO

QR code scanner| inventory management system| labelling| Kiosk| warehouse management|