RCap's standalone health insurance to be operational from early next year

The move is aimed at creating a retail-focused entity in this space, said Jai Anmol Ambani, ED, Reliance Capital

The health insurance arm of Reliance Capital (RCap), which has got first level approval from the insurance regulator, Insurance Regulatory and Development Authority of India (Irdai), is all set to be operational beginning early next year. 

“To create retail focus, we are setting up a standalone health insurance company. We have already received Round One approval from Irdai. We expect to become operational beginning early next year,” said Jai Anmol Ambani, executive director, Reliance Capital. 

At present, health insurance products are being sold by non-life insurer Reliance General Insurance. The move to have a standalone health insurance company is to increase retail