HDFC Ergo General Insurance, a non-life venture between HDFC and Munich Re group, may not underwrite health insurance despite this being the fastest-growing segment. This is because Munich Re already has a joint venture with Apollo Hospitals, which specialises in health insurance. There has been speculation that HDFC may have another joint venture for health, perhaps with US company Cigna. HDFC has strongly denied such speculation and has said that it may instead sell health insurance for Apollo DKV Health, if regulations permit.
Source: The Economic Times
Wednesday, July 23, 2008
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