Reliance Cap to demerge its retail health insurance biz
Reliance Capital, a part of the Anil-Ambani led Reliance Group, has announced plans to separate out its retail health insurance business, from its general insurance business, into a standalone, wholly-owned subsidiary.
The board of directors of Reliance General Insurance (RGIL), a subsidiary of Reliance Capital (RCL), has approved this proposal, subject to necessary IRDA and other approvals. Reliance Health Insurance, the proposed new company for health insurance business, will be a wholly-owned subsidiary of Reliance Capital, a release said.
RGIL has a well-established portfolio of health insurance business that offers a comprehensive range of competitive products to consumers.
Disclaimer: Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Konkanworld.com will not be responsible for any defamatory message posted under this article. Please note that under 66A of the IT Act, sending offensive or menacing messages through electronic communication service and sending false messages to cheat, mislead or deceive people or to cause annoyance to them is punishable. It is obligatory on Konkanworld.com to provide the IP address and other details of senders of such comments, to the authority concerned upon request. Hence, sending offensive comments using Konkanworld.com will be purely at your own risk, and in no way will Konkanworld.com be held responsible. Similarly, Konkanworld.com reserves the right to edit / block / delete the messages without notice any content received from readers.