Reliance Health Insurance, a wholly-owned subsidiary of Reliance Capital, has received final approval from IRDAI for its new health insurance business. The new company will commence operations by the December quarter of 2018.
Reliance Capital has designated Ravi Viswanath, who has over two decades of global experience in health insurance, as CEO of the new health insurance company. Health insurance in India has been amongst the fastest growing insurance sectors, growing at 20 per cent annually, and is expected to double to over Rs 1 lakh crore by 2021.
Source- The Hindu