Niva Bupa aims for faster growth amid market potential & GST changes
The Indian health insurance market has significant growth potential, and Niva Bupa Health Insurance Company aims to expand 8-10% faster than the market over the next five years, said MD & CEO Krishnan Ramachandran. He expects the sector to grow at a 15% compounded annual growth rate (CAGR).
Ramachandran emphasised that the industry has a long runway for growth but requires continuous investment. "This is a capital-intensive business. So, it is a question of what continued level of investments we choose to make in capitalising on the opportunity," he explained.
He also highlighted the company's strategy of balancing aggressive growth with profitability. "We, as a management team, definitely want to grow significantly faster than the market, but at the same time balance that with profitability," he added.
