Max India launches health insurance arm

Max India Ltd, currently present in both the life insurance and healthcare sectors, has announced the launch of its health insurance joint venture with the UK-based Bupa.

The new company, Max Bupa Health Insurance, in which the Indian partner has a 74 per cent stake, will have an initial paid-up capital of Rs 151 crore.

The third private sector company to enter the health insurance space, Max Bupa will start operations in Delhi, Mumbai, Bangalore, Chennai, Hyderabad and Pune within the week. By the end of the year, it will expand to three more cities — Ludhiana, Surat and Jaipur.

Can a Indian company take share in three different insurance companies. Like Max in this case.