Max Bupa Health Ins to infuse Rs 550 cr in next five-years Sify
"Our current paid-up capital is Rs 151 crore and we plan to take it up to Rs 700 crore over a period of five years," Max Bupa Health Chief Executive, Damien Marmion, told PTI here.The company has also chalked-out a plan to increase its presence in the country during the year.
"Currently, our headcount is 400 and we will take it up to 600 by the end-this year. We will also increase our agent strength to 3,000 from the present 500 during the fiscal," Marmion said.
A boon for health coverage after retirement
The third stand-alone health insurance company is a joint venture between health-care major, Max, and British health insurer, Bupa.
The other two stand-alone health insurance companies in India are Star Health and Allied Insurance and Apollo Munich Health Insurance.
"For us, our Unique Selling Proposition (USP) will be our products which will focus more on family and our services," he said.
Instead of appointing a third-party administrator, the company would service its customers' claims directly, he said.
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