Rel Cap to hive off health cover biz

Reliance Capital, the holding company for all the financial services businesses within the Reliance Group controlled by Anil Ambani, plans to hive off its health insurance business into a separate company from its general in surance business, and also get a global player from the same industry as a partner.

“We look forward to partnering with global companies in health insurance business to bring best practices, products and service to the Indian market,“ Ambani, chairman of Reliance Capital, said at its AGM.

Source: Times of India

Date : 1st October 2014

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