Monday, May 5, 2014

Religare Health Insurance To Foray Into Travel Insurance Biz

Private sector insurer Religare Health Insurance Company Limited, which is a standalone health insurer, now plans to enter into travel insurance business. The insurer is working on tailoring travel insurance product and individual personal accident insurance policy in the current quarter.

“We have recently received approval for comprehensive travel insurance policy and plan to launch in this quarter", said Managing Director and Chief Executive Officer of Religare Health Insurance Company Mr. Anuj Gulati.

The insurer also plans to launch 'Secure', a comprehensive individual personal accident insurance policy in the current quarter. It has also received approval for a top-up policy named 'Enhance' for customers who already have an existing policy of Rs 1-2 lac sum insured, and want to increase their sum insured.

Currently, Religare Health Insurance offers a comprehensive health insurance product, critical illness cover (with personal accident benefit), group health insurance cover, and group personal accident insurance policy.

Religare Health Insurance is a joint venture between Religare Enterprises, one of India's leading diversified financial services groups; and two state-owned banks, Union Bank of India and Corporation Bank.

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