Max India Limited, and UK-based healthcare company Bupa have announced the launch of Max Bupa Health Insurance with an initial capital base of Rs 151 crore.
The company will initially start operations in six cities: Delhi, Mumbai, Bangalore, Chennai, Hyderabad and Pune. The second stage of expansion would include cities like Surat and Ludhina.
Analjit Singh, Chairman, Max India told Hindustan Times that the new health insurance venture has done away with the third party administrators and a policy holder can directly deal with the company as and when required.
The companyexpects to break even in the next five years.