Reliance Health Insurance, a subsidiary of Reliance Capital, has received the necessary approvals from Insurance Regulatory and Development Authority of India (IRDAI), and will commence operations by December 2018.
Reliance Health will leverage Reliance General Insurance's existing expertise in health insurance and distribution network to have a pan-India presence on the very first day of operations. The company will be a pure-play retail health insurance business.
Request for comments were sent to the spokesperson of Reliance Capital. Their replies will be included in this story as and when received.
Ravi Viswanath is the designated chief executive officer at Reliance Health