Aditya Birla Health Insurance gets Approval

Aditya Birla Health Insurance Company, the health insurance arm of the Aditya Birla Financial Services Group (ABFSG), has received final regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI) to provide health insurance solutions in the Indian market.

ABHICL, a JV between the Aditya Birla Group and MMI Holdings (MMI) of South Africa, is gearing up to begin operations in the last quarter of 2016. ABHICL will be steered by Mayank Bathwal as its chief executive officer (CEO). Mayank Bathwal was most recently the deputy CEO of Birla Sun Life Insurance until his appointment as CEO of ABHICL.

“This is an important milestone for MMI and we look forward to extending our health insurance solutions to the Indian market,” said MMI Holdings group CEO Nicolaas Kruger.