Health Insurance

Reliance Capital is ready to be in health insurance firm

Reliance Capital Ltd, the non-banking finance company of the Reliance Anil Dhirubhai Ambani Group, is ready to be in health insurance firm soon, the company announced during its annual general meeting (AGM) on Tuesday (26th Sept.).

Reliance Capital has already received initial approval from the insurance regulator and expects the new company to become operational by 2018.

Currently, The Company offers health insurance through the general Insurance subsidiary – Reliance General Insurance. Now, Reliance Capital is looking for opportunity in the retails segment by setting up a new company to offer health insurance product.

Anmol Ambani, executive director at Reliance Capital, during the firm’s 31st AGM said that There are three factors indicating significant growth potential in retail health insurance. First, changing demographics—a younger India with higher income, higher assets, and more financially aware. Second, rising cost of healthcare. Third, an increase in lifestyle-related ailments.

Ambani also said that Reliance Capital has received the first stage of approval from the Insurance Regulatory and Development Authority of India (IRDA). There are three stages of approval.

Assets under management (AUM) for Reliance Capital’s health insurance business stand at Rs1,190 core, a company spokesperson said. The firm is also looking to list its general insurance business in the current financial year.

“We have received IRDA approval and are in the process of listing the company in the current financial year. It is part of our strategy of incubating businesses with massive potential, growing them organically, and now, unlocking value through listing,” Ambani said.

AUM for the general insurance business stands at Rs7,000 crore.

Reliance Capital is looking to list its general insurance and mutual funds business. The parent company will eventually function as a core investment company after its businesses are listed. Last week, Reliance Capital also listed its housing finance company—Reliance Home Finance Ltd (RHFL).

“RHFL has touched market capitalization of Rs6,000 crore,” Ambani said.

On Tuesday, shares of Reliance Capital fell 0.39% to close at Rs620.40 apiece.

Reliance Group companies have sued HT Media Ltd, Mint’s publisher, and nine others in the Bombay high court over a 2 October 2014 front-page story that they have disputed. HT Media is contesting the case.



Related Posts


  • Reply
    October 25, 2017 at 5:42 pm

    If yοᥙ are the kind of οne who is lower than thrilled wіth the
    proѕpеct of working in the same office, day
    after day, eliminating this type of r᧐utine iis among the most esseential highlights you could receive
    from freelancіng. Once you rent yooսr self oout as a freelancer, every job task that
    you simply take on will probаblу bbe a bran new adventure.
    Not only wilⅼ the work surroսndings range, but additionally, you will have the opportunity to fulfill many extra attention-grabbing people.
    Thіs isse alone is lіҝely one oof the foremoѕt the reason why many paralegls
    want freeⅼancing over commіtting themselvds to at least one particular workplace.

  • Reply
    November 1, 2017 at 7:26 am

    There are, in fact, some սnfavorable points too freelɑncing.
    One еssential point is that in tthe event yοu work as a contract parazlegal youll not be eligible for
    the typeѕ of benefits tһat you would have in worⲟing for a regulation agency orr a non-public
    attorney. Should you really feel that such “perks” as generaⅼ medicаl insurance and other such advantageѕ
    are essential, freelancing is not ɡoing to give you these benefits.

  • Reply
    sex toys
    November 12, 2017 at 5:49 am

    Now that you know about video editing and also the what exactly you need you are
    ready to start out your way of amateur filmmaker to professional director.

    It took about a couple of months to learn the words and also the raucous, discordant (to my ears) “melody. This can be very advantageous to you personally just like you’re a fast learner, with just a shot, you could possibly learn all you could wished to very easily and free.

  • Leave a Reply