Reliance General focuses on SME sector

India Infoline News Service | Mumbai |

The insurer is training its agents to tap the SME sector and aims to achieve about 10% business from SMEs and corporates

Reliance General Insurance, a part of Reliance Capital, is focusing to service the SME (small and medium enterprise) sector through the sale of health insurance products as parts of its plans to achieve full-year profitability this fiscal.

According to the private insurer, SME sector is a highly under-penetrated, widespread and unorganised with most organisations in the country not providing health insurance cover to their employees.

The insurer is training its agents to tap the SME sector and aims to achieve about 10% business from SMEs and corporates.

The SME segment is expected to employ around 75 million people in the country and contribute around 10% of India's GDP.

Reliance General recently launched Health Insurance Plan-Reliance HealthGain-for the retail segment.




 

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