To roll out its health insurance business soon
Aditya Birla Health Insurance Co Limited (ABHICL), the health insurance arm of the Aditya Birla Financial Services Group (ABFSG), has received final regulatory approval from the Insurance Regulatory and Development Authority of India to provide health insurance solutions in the Indian market.
ABHICL is a joint venture between the Aditya Birla Group and MMI Holdings (MMI) of South Africa and will be steered by Mayank Bathwal as its CEO.
The joint venture enables the partners to leverage Aditya Birla Group’s strong heritage, brand stature and market presence in India, as also MMI’s established capabilities in health and wellness. The joint venture will offer innovative health insurance products that would not only enhance customer choice but also add a new dimension to the current market offering in India.
EH News Bureau
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