I would see this company in a different view. Majority are seeing it as proxy to Indian health Insurance sector. I would say, it is rather proxy to Indian corporate sector.
Rationale -
After covid, people understood & taking separate health insurance policy which reflects sharp rise in Health insurance business etc. But here Medi Assist would not gain much (because majority of private Insurance company have In-house claim settlement team particularly for individual policy).
However, for group insurance business is mainly sources throguh TPA & also majority of PSU individual policy also.
So, as India will have more Organized sectors - They will opt for Group Insurance for their employees which will be source through TPA. So more & more Organized sector jobs (In any sector - IT, BFSI etc.) will lead to more business for such TPA indirectly.
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