Religare Health Insurance plans to open new branches

Religare Health Insurance recently said that it plans to introduce products in critical illness, maternity and lifestyle-related categories. The insurer also plans to open around 30 branches across India as part of its expansion plan.

According to Religare Health, healthcare costs are increasing 15% in India each year. Hence, the overall market offers good opportunities. The growth in the health insurance industry will also be accelerated by increase in awareness in the next few years, as there is a definitive trend towards younger people buying health insurance.

Religare Health Insurance Company Ltd is jointly promoted by Religare Enterprises, and public sector lenders Union Bank of India and Corporation Bank.

http://www.indiainfoline.com/Markets/News/Religare-Health-plans-to-open-new-branches/5598257896