Hotline: 1800 102 2007
X
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
  • Others Consultancy
    Want to invest in a Water Care franchise business? Partner..
    Locations looking for expansion Chhattisgarh
    Establishment year 2006
    Franchising Launch Date 2012
    Investment size Rs. 2lac - 5lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Raipur Chhattisgarh
  • About Us: Elixir Fitness Gym is run by Celebrity Fitness Expert..
    Locations looking for expansion Maharashtra
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Bakery & Confectionary
    About Us: Eat Confetti has unique recupes that have never been..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Entertainment & Leisure
    About: Toon Mart is a one shop for wide range of..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai 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

Free Advice - Ask Our Experts