Health insurance business, one of the fastest growing in India, is estimated to double to about Rs 50,000 crore (USD 8 billion) by 2020. RGIL's health insurance portfolio recorded gross premium of Rs 570 crore (USD 87 million) as of March 31, 2016.
Reliance Capital said the proposal to separate health business will enhance management focus on this segment.
It will provide flexibility to the company to unlock value by bringing in global leaders in this space as strategic and equity partners, it added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)