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.
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