Friday, February 15, 2008

Birla Sun Life Mulls To Launch A Unit-Linked Health Insurance

Mumbai: Birla Sun Life Insurance to unveil a unit-linked health insurance plan by the first quarter of the next financial year. The Life Insurance Corporation of India was the first to unveil a unit-linked health insurance policy last week, followed by Reliance Life Insurance. Designing a unit-linked health insurance policy will increase the ticket size of the policy since the investment proportion of the premium will be significant in comparison to the health insurance premium. The health insurance market is valued at just around Rs 3,000 crore. The average ticket size of a policy has increased to Rs 39,000 from Rs 26,000 last year.

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