Reliance Capital will make its health business separate from General Insurance, new company will create

New Delhi. Reliance Capital will separate its health insurance business from the General Insurance Unit and will make a separate health insurance company. Board of Directors of Reliance Capital's subsidiary Reliance General Insurance Company (RGIL) has approved the appropriation of separate health segments.

Irda clears permission

• Indian Insurance Regulatory and Development Authority (IRDA) has not approved this proposal right now.
• The company said in the statement that the proposal will be a wholly-owned subsidiary of Reliance Capital, Reliance Capital, Reliance Capital.
• Health insurance business is growing rapidly in India. It is estimated to double by 2020 to reach 50,000 crore rupees ($ 8 billion).
• RGIL's health insurance portfolio has registered a gross premium of Rs 570 crore by March 31, 2016.
• Reliance Capital said that with the proposal to create a separate health business, management will be able to pay more attention to this sector.
• Ravi Vishwanath, Reliance Health Insurance Company Ltd. Chief Executive Officer (CEO) has been appointed.