Max Bupa
Encyclopedia
Max Bupa Health Insurance Company Limited is a joint venture
between Max India Limited and Bupa Finance plc UK established for the purpose of carrying on health insurance
business in India
. The company has been incorporated under the Companies Act, 1956 with its registered office at Max House, 1 Dr. Jha Marg, Okhla
, New Delhi
– 110020.
Max India Limited is a multi-business corporate. It ‘Protects Life’ through its Life Insurance
subsidiary Max New York Life Insurance, a joint venture between Max India and New York Life
, a fortune 100 company; ‘Cares for Life’ through its Healthcare company, Max Healthcare
, a subsidiary of Max India Limited; and ‘Improves Life’ through its Clinical Research business, Max Neeman, a fully owned subsidiary of Max India. From its past, Max India continues its interest in manufacture of Specialty Products for the packaging industry. Max India endeavors to ‘Enhance Life’ through the company.
The British United Provident Association Limited (“Bupa
”) is the parent company of the Bupa Group. As such it has no shareholder
s and all of its surpluses are re-invested back into the various businesses.
Bupa Group offers health insurance to customers around the world and specializes in health insurance and aged care. Bupa Group has more than 10 million customers in over 190 countries. Bupa Group provides health insurance cover for individuals, families and companies. It is the largest private medical insurer in the UK
Currently the Company's head quarter is in Delhi
and is operating with 11 branch offices across India. The branch offices are located in:
Vision of Max Bupa is to become most admired health insurance company in India with its excellent services. Max Bupa offers health insurance products to individuals as well as corporate and list of health insurance products are:
Joint venture
A joint venture is a business agreement in which parties agree to develop, for a finite time, a new entity and new assets by contributing equity. They exercise control over the enterprise and consequently share revenues, expenses and assets...
between Max India Limited and Bupa Finance plc UK established for the purpose of carrying on health insurance
Health insurance
Health insurance is insurance against the risk of incurring medical expenses among individuals. By estimating the overall risk of health care expenses among a targeted group, an insurer can develop a routine finance structure, such as a monthly premium or payroll tax, to ensure that money is...
business in India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. The company has been incorporated under the Companies Act, 1956 with its registered office at Max House, 1 Dr. Jha Marg, Okhla
Okhla
Okhla, is a neighbourhood around the old village in South Delhi district, though it is most known as the Okhla Industrial Area or Okhla Industrial Estate, an industrial suburb of New Delhi in South Delhi and mainly divided in three phases...
, New Delhi
New Delhi
New Delhi is the capital city of India. It serves as the centre of the Government of India and the Government of the National Capital Territory of Delhi. New Delhi is situated within the metropolis of Delhi. It is one of the nine districts of Delhi Union Territory. The total area of the city is...
– 110020.
Max India Limited is a multi-business corporate. It ‘Protects Life’ through its Life Insurance
Life insurance
Life insurance is a contract between an insurance policy holder and an insurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of the insured person. Depending on the contract, other events such as terminal illness or critical illness may also trigger...
subsidiary Max New York Life Insurance, a joint venture between Max India and New York Life
New York Life Insurance Company
The New York Life Insurance Company is one of the largest mutual life-insurance companies in the United States, and one of the largest life insurers in the world, with about $287 billion in total assets under management, and more than $15 billion in surplus and AVR...
, a fortune 100 company; ‘Cares for Life’ through its Healthcare company, Max Healthcare
Max Healthcare
Max Healthcare Institute is a healthcare institute based in New Delhi, India. The Institute is a wholly owned subsidiary company of Max India Limited...
, a subsidiary of Max India Limited; and ‘Improves Life’ through its Clinical Research business, Max Neeman, a fully owned subsidiary of Max India. From its past, Max India continues its interest in manufacture of Specialty Products for the packaging industry. Max India endeavors to ‘Enhance Life’ through the company.
The British United Provident Association Limited (“Bupa
Bupa
Bupa is a large British healthcare organisation, with bases on three continents and more than ten million customers in over 200 countries. It is a private healthcare company, in direct contrast to the UK's National Health Services, which are tax-funded healthcare systems and do not require private...
”) is the parent company of the Bupa Group. As such it has no shareholder
Shareholder
A shareholder or stockholder is an individual or institution that legally owns one or more shares of stock in a public or private corporation. Shareholders own the stock, but not the corporation itself ....
s and all of its surpluses are re-invested back into the various businesses.
Bupa Group offers health insurance to customers around the world and specializes in health insurance and aged care. Bupa Group has more than 10 million customers in over 190 countries. Bupa Group provides health insurance cover for individuals, families and companies. It is the largest private medical insurer in the UK
Currently the Company's head quarter is in Delhi
Delhi
Delhi , officially National Capital Territory of Delhi , is the largest metropolis by area and the second-largest by population in India, next to Mumbai. It is the eighth largest metropolis in the world by population with 16,753,265 inhabitants in the Territory at the 2011 Census...
and is operating with 11 branch offices across India. The branch offices are located in:
- Delhi
- MumbaiMumbaiMumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
- PunePunePune , is the eighth largest metropolis in India, the second largest in the state of Maharashtra after Mumbai, and the largest city in the Western Ghats. Once the centre of power of the Maratha Empire, it is situated 560 metres above sea level on the Deccan plateau at the confluence of the Mula ...
- HyderabadHyderabad-India:* Hyderabad, India, the capital city of the state of Andhra Pradesh* Hyderabad District, India, a district in the state of Andhra Pradesh* Hyderabad State, the pre-1956 state* Hyderabad, Uttar Pradesh, a village in Uttar Pradesh...
- ChennaiChennaiChennai , formerly known as Madras or Madarasapatinam , is the capital city of the Indian state of Tamil Nadu, located on the Coromandel Coast off the Bay of Bengal. Chennai is the fourth most populous metropolitan area and the sixth most populous city in India...
- KochiKochi-Places:* Kochi, a city in the state of Kerala, India, formerly known as Cochin* Kingdom of Cochin, a former feudal city-state on Malabar Coast, India** Fort Kochi, one of the three main urban components which constitute the present day city of Kochi, Kerala, India...
- BangaloreBangaloreBengaluru , formerly called Bengaluru is the capital of the Indian state of Karnataka. Bangalore is nicknamed the Garden City and was once called a pensioner's paradise. Located on the Deccan Plateau in the south-eastern part of Karnataka, Bangalore is India's third most populous city and...
- SuratSuratSurat , also known as Suryapur, is the commercial capital city of the Indian state of Gujarat. Surat is India's Eighth most populous city and Ninth-most populous urban agglomeration. It is also administrative capital of Surat district and one of the fastest growing cities in India. The city proper...
- JaipurJaipurJaipur , also popularly known as the Pink City, is the capital and largest city of the Indian state of Rajasthan. Founded on 18 November 1727 by Maharaja Sawai Jai Singh II, the ruler of Amber, the city today has a population of more than 3.1 million....
- Ludhiana
- KolkataKolkataKolkata , formerly known as Calcutta, is the capital of the Indian state of West Bengal. Located on the east bank of the Hooghly River, it was the commercial capital of East India...
Vision of Max Bupa is to become most admired health insurance company in India with its excellent services. Max Bupa offers health insurance products to individuals as well as corporate and list of health insurance products are:
- Heartbeat
- Health Companion
- IMEP
- Swasthya pratham
- Swasth Parivar