Aditya Birla Health Insurance

Eyeing a large untapped opportunity in the young adult segment, Aditya Birla Health Insurance Company Ltd (ABHICL) on Tuesday launched a health insurance plan targeted at people aged 25-35 years, where penetration is below 15 per cent even though the cohort makes up about 65 per cent of India's population. The standalone health insurer introduced Activ Yuva, a wellness-focused health insurance product designed to keep customers engaged beyond hospitalisation through rewards linked to healthy lifestyle habits such as nutrition, fitness and sleep. "We see a significant opportunity in the 25-35 age segment. While they account for nearly 65 per cent of the country's population, their share in health insurance is less than 15 per cent," ABHICL Chief Executive Officer Mayank Bathwal said. ABHICL is a JV between Aditya Birla Capital Ltd and Momentum Group of South Africa. Bathwal said the company expects to grow faster than the health insurance industry, although he declined to provide a

The GI Council's common empanelment platform has covered around 2,000 hospitals and aims to expand the network significantly over the next year

ICICI Lombard, Care Health and Aditya Birla Health Insurance have lowered commission payouts on retail policies as GST on health premiums goes nil and ITC norms tighten

The standalone health insurance company is an associate of Aditya Birla Capital and with this acquisition of the shares through rights issue

Bathwal discussed the premium growth and product launches that will support the growth along with the impact of regulatory developments

Know about eligibility, key features and premium amount in Policybazaar table

According to the report, Star has also rejected less claims till December FY24, though the company still had the highest rejection ratio

Funds earned on Health Returns can be used for payment of renewal premium and other non-medical expenses, out-patient expenses, etc

ABHICL has more than 200 branches, with a diversified presence in over 4800 cities spread across the length and breadth of the country

The transaction values the company at Rs 6,650 crore

The discussions for ADIA taking a minority stake in Aditya Birla Health Insurance Co Ltd are ongoing and expected to gain pace in the coming weeks

Max India, which owned 51 per cent in the insurer sold its stake to True North in February 2019 for Rs 510 crore

With the onset of COVID-19, it has become imperative to realise the importance of health and wellness, alongside having a comprehensive health insurance policy.Keeping this in mind, Aditya Birla Health Insurance (ABHICL), the health insurance arm of Aditya Birla Capital Limited, has introduced an array of services and product solutions that will enable customers to take care of their health in such difficult times.ABHICL is planning to reduce the Initial waiting period from 30 to 15 days for all the policyholders for COVID-19 related Inpatient Hospitalization claims. This offering will be launched for policyholders shortly.Another new key offering that will be introduced is the extension of the Home Treatment Facility to policyholders, otherwise requiring hospitalization and where policyholder have been advised Home Treatment by the treating Doctor in line with the ICMR Guidelines. This Home treatment facility would be provided on a cashless basis through our Network Providers and ...

The company posted a 76 per cent growth in 2019-20 while the premium income rose by 70 per cent in the first two months of the current fiscal, Bathwal said in an interview

IRDAI has so far received 173 proposals, most of which incentivise wellness in the health insurance space through the use of apps and wearable devices

SVC Bank is one of the oldest urban co-operative bank in the country which as set up in 1906

During 2016-17 the group sales constituted 80 per cent premium income and retail the balance 20 per cent

Aditya Birla Health Insurance's maiden TV commercial highlight health first positioning