Aditya Birla Health Insurance All Set To Break Even in FY 2022-2023
Updated On Nov 03, 2020
Aditya Birla Health Insurance is one of the most trusted names in the health insurance industry. The company was established in 2015 and is an association between India’s third-largest conglomerate and one of South Africa’s most prominent insurance agencies. The company aims to break even by FY 2022-23. The companies in the insurance sector are said to break even in six to seven years.
Mayank Bathwal, CEO of Aditya Birla Health Insurance, accepts the organization is on track. Bathwal cited that the company desires to become a health partner rather than a health insurer.
The company has key bancassurance partnership with different banks, for example, AU Bank, KVB, Deutsche, and HDFC Bank for the distribution of its various insurance products. Also, in the first three quarters of the fiscal year, the company reported a growth of gross premium of Rs. 315 crore, which is an 83% increase from the earlier year. Presently, the organization is all set to make new records in the insurance sector.