IRDAI in its 124th meeting held on 28 Dec, 2023 has granted Certificate of Registration to a new health insurer namely, Narayana Health Insurance Limited to carry health insurance business in India after a hiatus of 5 years.
Headquartered in Bengaluru, Narayana Health is founded by Cardiac surgeon Dr Devi Prasad Shetty. It operates a network of 21 hospitals, heart centers, primary care facilities across the country, with a strong presence in the southern state of Karnataka and eastern India. The group has over 5,859 operational beds through a combination of greenfield projects and acquisitions. It also has an international hospital in the Cayman Islands. Narayana Health offers over 30 specialties, including Cardiology and Cardiac Surgery, Cancer Care, Neurology and Neurosurgery.
About Dr Devi Prasad Shetty (founder of Narayana Health): Devi Prasad Shetty (born 8 May 1953) is an Indian entrepreneur and cardiac surgeon who is the chairman and founder of Narayana Health, a chain of 21 medical centers in India. He has performed more than 100,000 heart operations. In 2004 he was awarded the Padma Shri, the fourth highest civilian award, followed by the Padma Bhushan in 2012, the third highest civilian award by the Government of India for his contribution to the field of affordable healthcare.
This is the fifth registration granted by IRDAI in around one year in Life, Non-life and Health Segmen
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