NIVABUPA

Nov 13 (Reuters) - Niva Bupa Health Insurance Company NIVA.NS:

• IRDAI APPROVES ACQUISITION OF SHARES BY ENTITIES OF DSP ASSET MANAGERS

Source text: ID:nNSEWqlcd

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** Shares of Indian insurance firms surge after government exempts individual life and health insurance policies from taxes, including for reinsurance

** Niva Bupa NIVA.NS gains the most at 4.5%

** PB Fintech PBFI.NS and Star Health STAU.NS each rise 3%

** CLSA says to protect their profitability and manage this change, insurers will implement price hikes

** Health insurers can absorb change with a modest 3%–4% premium hike, benefiting customers who no longer need to pay the 18% GST, CLSA says

** Adds, life insurers also may need about 1% to 3% price hikes; SBI Life SBIL.NS with the lowest operating expense ratio will need the lowest hike to manage change

** Private life insurers are better placed as exemption is expected to boost term insurance and market-linked products, ICICI Securities says

(Reporting by Urvi Dugar)

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** HSBC says standalone health insurers are likely to be more significantly impacted in the near term by proposed tax cuts due to their exposure to retail health, while multi-line insurers are expected to see minimal effects

** Star Health STAU.NS is most exposed to retail health, followed by Niva Bupa NIVA.NS and Care CARE.BO. Distributor PB Fintech PBFI.NS could benefit in medium- to long-term span

** Insurance premiums could fall by 6%–15% depending on the GST rate cut, and a reduction at the higher end may spur demand and reverse 1.5 to 2 years of inflation-driven hikes, HSBC says

** Adds that even without input tax credits, health insurance premium could decline by 7%-15%

** Firms may see near-term impact on combined ratios by 3%-6% as back book repricing could take 12–18 months

** HSBC estimates a complete GST exemption could lead to a yearly $1.2 bilion-1.4 bilion loss in revenue on premiums for the government

(Reporting by Urvi Dugar)

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** Indian insurers climb between 1% and 3%

** Niva Bupa Health NIVA.NS leads gains with 3% rise, Star Health and Allied Insurance STAU.NS up 1.7%

** HDFC Life Insurance HDFL.NS advances 1%, SBI Life SBIL.NS and Go Digit General Insurance GODG.NS gain 1.5%

** A panel of state ministers proposes exempting GST on individual health, life insurance premiums

** Emkay Global says GST cuts would lower retail, health insurance prices for customers

** Notes insurers must pass benefits to customers, improving affordability and driving sector growth

** Says SBI Life in a relatively beneficial position on lower cost structure

(Reporting by Kashish Tandon and Manvi Pant in Bengaluru)

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July 31 (Reuters) - Niva Bupa Health Insurance Company Ltd NIVA.NS:

• NIVA BUPA HEALTH INSURANCE COMPANY JUNE-QUARTER LOSS AFTER TAX 914.4 MILLION RUPEES

• NIVA BUPA HEALTH INSURANCE COMPANY JUNE-QUARTER NET PREMIUM EARNED 12.20 BILLION RUPEES

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Adds details, background from paragraph 2 onwards

July 2 (Reuters) - India's Max Financial Services MAXI.NS said on Wednesday that its unit, Axis Max Life Insurance, received communication about unauthorized access to some customer data from an anonymous sender.

The company has initiated a security assessment and data log analysis, Max Financial said.

"A detailed investigation is also underway in consultation with information security experts to assess the root cause of the incident and take remedial action, as necessary" the company said in a statement.

Axis Max Life Insurance is a joint venture between private lender Axis Bank AXBK.NS and Max Financial.

Indian firms such as Angel One ANGO.NS, Niva Bupa Health Insurance NIVA.NS and Star Health STAU.NS and HDFC Life Insurance HDFL.NS have reported high-profile security breaches in the past 10 months.

The incidents prompted the country's insurance regulator to direct industry-wide audits of IT systems.

Cyber fraud cases in India jumped more than four times in fiscal 2024, causing losses of $20 million, Reuters reported earlier this year.

Internal government data as of April 2024 showed that individuals lost nearly $1.26 billion to cyber fraud at financial institutions since 2021.

(Reporting by Manvi Pant; Editing by Shreya Biswas and Tasim Zahid)

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June 5 (Reuters) - Niva Bupa Health Insurance Company Ltd NIVA.NS:

• FETTLE TONE LLP SOLD 9.47% STAKE VIA OPEN MARKET ON JUNE 2

Source text: ID:nBSE6mxRgj

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** Shares of Niva Bupa Health Insurance Co Ltd NIVA.NS surge 10% to 89.22 rupees, eyes best day since early December

** Health insurer on Wednesday reported 31% growth in fourth-quarter profit, helped by a 25% rise in premium income

** Morgan Stanley calls NIVA's Q4 results "strong"

** Stock rose as much as 14.7% earlier in the day

** NIVA turns YTD positive, last up 5.8%

(Reporting by Nandan Mandayam in Bengaluru)

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** Shares of Indian health insurer Niva Bupa NIVA.NS jump ~6% to 82 rupees

** Co's focus on retail customers (which forms 68% of its topline) with hospital network expansion, faster claim settlement process will help it grow "faster" than industry - Motilal Oswal

** Brokerage starts coverage with "buy", in-line with NIVA's average rating; its TP of 100 rupees is highest among the three analysts currently rating the stock - LSEG data

** Niva Bupa's insurance claim settlement track record "one of the best" in the industry, which, with digital efforts to improve customer service, will attract tech-savvy clients - brokerage

** Day's move trims stock's YTD losses to ~3%

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Niva Bupa Health Insurance NIVA.NS rise as much as 3.4% to 77.10 rupees

** ICICI Securities starts with "buy" and 90 rupees PT, implying a 21% upside to stock's last close

** Says NIVA to benefit from India's under-penetrated health insurance market, noting retail market share gains from 4% in FY19 to 9.4% in 11MFY25, with ~40% gross written premiums CAGR

** Expects profit to improve from 0.8 bln rupees ($9.3 mln) in FY24 to 1.6-2.2 bln rupees in FY25-27

** Since listing in November last year, stock is down 2.4%

($1 = 85.6660 Indian rupees)

(Reporting by Ashish Chandra in Bengaluru)

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** Niva Bupa Health Insurance NIVA.NS slides as much as 4.8% to 74 rupees, lowest in nearly a month

** Heath insurer says it is investigating if any customer data was leaked after an anonymous person claimed to have access to such data

** Adds, "As a matter of urgency, we continue to conduct investigation(s) of data leak and implement measures to mitigate the risk"

** Stock last down 3.6%; drops ~4% since debut on November 14, 2024

(Reporting by Manvi Pant in Bengaluru)

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Feb 21 (Reuters) - India's Niva Bupa Health Insurance Co NIVA.NS said on Friday it is investigating claims of customer data leaks after receiving an email from an anonymous source.

(Reporting by Aleef Jahan in Bengaluru; Editing by Savio D'Souza)

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Feb 13 (Reuters) - Niva Bupa Health Insurance Company Ltd NIVA.NS:

• NIVA BUPA HEALTH: GOT IRDAI NOD FOR ACQUISITION OF SHARES OF CO BY GROUP ENTITY OF INVESTOR

Source text: ID:nBSE6gptML

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Dec 3 (Reuters) - Niva Bupa Health Insurance Company Ltd NIVA.NS:

• CLARIFIES ON REPORT "GST REDUCTION FOR HEALTH INSURANCE PREMIA"

• NOT RECEIVED ANY OFFICIAL COMMUNICATION ON CHANGE OF GST RATES

Source text: ID:nBSE3cjCgh

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Nov 29 (Reuters) - Niva Bupa Health Insurance Company Ltd NIVA.NS:

• NIVA BUPA HEALTH INSURANCE COMPANY LTD - UNKNOWN SOURCE CLAIMS TO HAVE ACCESS TO CUSTOMER DATA

• NIVA BUPA HEALTH INSURANCE COMPANY - INITIATED INVESTIGATION IN THREAT, INFORMATION SECURITY

• NIVA BUPA HEALTH INSURANCE COMPANY LTD - UNKNOWN SOURCE SHARED LIMITED DATA FIELDS OF 2 CUSTOMERS WITH CO

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** Niva Bupa Health Insurance Company NIVA.NS rises as much as 9.5% to 81 rupees on trading debut

** Stock opens at 78.14 rupees, a 5.6% premium to its IPO price of 74 rupees

** IPO, oversubscribed 1.8x, included fresh issue worth up to 8 bln rupees (~$95 mln), which will be used to fund co's working capital needs

** Stock's debut "slightly better than expected" after bid data "reflected a cautious investor sentiment", says Shivani Nyati, Head of Wealth at Swastika Investmart

** NIVA last up 2%

($1 = 84.4000 Indian rupees)

(Reporting by Hritam Mukherjee in Bengaluru)

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