According to a company official, Aditya Birla Health Insurance is expecting to grow its business by 80% during the current financial year.
Within the first half of this current financial year, the company’s business stood at Rs 315 crore, which is 78% higher compared to the previous first half. Last year, the company registered a business of Rs 500 crore.
“The company is the fastest growing among health insurance companies in the country,” CEO of Aditya Birla Health Mayank Bathwal said. The company came into existence three years ago, he said adding that 2021-22 is likely to be the break-even fiscal. “We expect to break-even by 2021-22. In the subsequent year, the company is expected to clock profits,” Bathwal said.
“We will explore the possibility of participating in Ayushman Bharat”, he said. Bathwal said the focus of the company would be on retail sales. “Our 70 per cent of the sales comes from the retail segment. We aim to take it to 75 per cent”, he added.
