Niva Bupa Health Insurance Company appointed Karan Bhatia as chief investment officer effective September 16, 2026. The move coincides with Vikas Jain transitioning to the role of chief transformation officer.

The company disclosed the change in senior management under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Both appointments took effect immediately on the filing date.

Leadership Changes

Vikas Jain ceases his tenure as chief investment officer after holding the position since October 2020. He joins the senior management team as chief transformation officer. Jain has been associated with the company since September 2015.

Karan Bhatia assumes the chief investment officer role, bringing over 18 years of experience in the investment domain. He joined the company’s treasury and investments team as a fund manager in December 2015.

Profile Details

Bhatia holds a post-graduation in finance from Kirloskar Institute of Management. Prior to joining Niva Bupa, he worked with Canara HSBC Life Insurance, Axis Maxlife Insurance, Future Generali Life Insurance and Pipl Research & Analytics.

His responsibilities include overseeing the investment portfolio, generating superior risk-adjusted returns, ensuring capital protection and maintaining adequate liquidity while adhering to regulatory compliance.

The company confirmed no relationships exist between directors regarding these appointments.

Niva Bupa Health Insurance Company has been assigned an ESG rating of 67 Leader by Niche99 ESG Ratings for the financial years FY25 and FY26. The disclosure was made to stock exchanges on September 16, 2026.

The rating agency, which is registered with the Securities and Exchange Board of India (SEBI), issued the assessment on September 15, 2026. Niche99 conducted the evaluation independently, relying solely on information and data available in the public domain for the specified periods.

Independent Assessment

Niva Bupa Health Insurance clarified that it did not engage Niche99 ESG Ratings to obtain this specific rating. The assignment was made unilaterally by the rating provider based on its own sourcing of public data pertaining to FY24-25 and FY25-26.

The company filed the disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed entities to disclose material events to stock exchanges to ensure fair dissemination of information to investors.