Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2013-08-12

Reliance General Insurance bets big on SMEs for its health insurance products

Reliance General Insurance is betting big on sale of health insurance products in the highly under-penetrated SMEs as parts of its plans to achieve full-year profitability this fiscal.

Reliance General Insurance is betting big on sale of health insurance products in the highly under-penetrated SMEs as parts of its plans to achieve full-year profitability this fiscal.
 

SME health cover is a big untapped opportunity with most small and medium enterprises in the country not providing health insurance cover to their employees.
 

SMEs are estimated to employ nearly 75 million people in the country and contribute 9-10 percent of India's GDP.
 

RGIC, part of Anil Ambani-led Reliance Group's financial services arm Reliance Capital, offers motor, health, property, travel, marine and commercial insurance products among others.
 

Besides health insurance products for employees of SMEs, the company is also planning other sector-wise insurance plans in order to diversify its business portfolio.
 

Currently, motor insurance accounts for 64 percent of its total business, while health and fire account for 16 percent and 8 percent, respectively.
 

Reliance General is looking to re-balance its business portfolio as part of its plans to achieve 20 percent growth in current fiscal 2013-14.
 

The company reduced its full-year loss in last financial year 2012-13 to Rs 93 crore, from Rs 343 crore loss posted during the previous year 2011-12. It hopes to achieve full-year profitability in the current fiscal.

 

Related opportunities
  • Online learning/E-learning
    Join hands with Smart school Education Pvt Ltd and be..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2011
    Investment size Rs. 2lac - 5lac
    Space required Nil
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • Clinics & Nursing Homes
    About Rudra Laser hemotherapy clinicLASER HEMOTHERAPY CLINICS, A LEADING HEALTHCARE..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 300 - 500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • About:Inhouse burger is the home to some of the best..
    Locations looking for expansion Karnataka
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Competitive Exam Coaching Institute
    SpeakEnglishGym:Home-based, or Center-based (The ONLY Speaking-based Learning System for Reading,..
    Locations looking for expansion Maharashtra
    Establishment year 2006
    Franchising Launch Date 2015
    Investment size Rs. 2lac - 5lac
    Space required 0 - 750 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities