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Reliance Health Insurance Commencing Operations in December 2018

Anil Ambani latest venture Reliance Health Insurance got certification of registration from IRDAI.

Reliance Health Insurance is 100% subsidiary of Reliance Capital. Its all set to begin operation from December 2018. In the recent press release Reliance Capital announced final R3 approval from IRDAI for its health insurance business.

Anmol Ambani, Executive Director- Reliance Capital says ” Health Insurance is a budding industry in India. It’s expected to grow at a higher scale in the coming years. Existing low penetration in health insurance is expected to scale up to a new high in coming years”. Anmol further added, “Health Insurance is one of the fast growing sectors”. It’s growing at the rate of 20% every year. With this pace, it can reach the milestone of rupees one lakh crore by 2021. Reliance Capital shares have increased by 1.36 %, its current value is Rs. 272.70 according to Bombay Stock Exchange.

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