Reliance Life forays into health businessbusiness

Reliance Life forays into health बिज़नस

Kolkata: Anil Ambani Group company Reliance Life announced its foray into health insurance and expects to rake in premiums to the tune of Rs 2,000 crore from the new business in the next five years.

Speaking at the launch of the product -- Reliance Life Care for You Plan -- Reliance Life President and Executive Director Malay Ghosh said that from the health insurance product, the company is eyeing a premium of Rs 150 crore in the first year, which is likely to touch Rs 2,000 crore over the next five years.

Overall, Reliance Life is targeting a new premium income of Rs 12,000 crore in next five years.

"We are growing 20 per cent each year. We intend to earn a premium income of Rs 12,000 crore in five years time," Ghosh said.

Of Rs 12,000 crore, life insurance premium would be around Rs 10,000 crore. In FY10, the company earned a new.