New India Assurance to launch 4 health insurance products

COIMBATORE: New India Assurance Company will launch four new health insurance products in the next six months, a top official said here on Monday. The products awaiting approval from insurance regulator IRDA are Family Floater, Top-up , Critical Illness cover and policy for high net worth individuals, said G Srinivasan, chairman and managing director, New India Assurance Company.
Health cover accounts for 27% of the total business of the company, he said. Srinivasan said the company was aiming for 20% growth and has set a target of Rs 15,000 crore in premium income during the current financial year. New India is aiming to generate Rs 12,000 crore from domestic operations and Rs 3,000 crore from overseas business. The company, which has presence in 22 countries , is foraying into Myanmar, Canada and Qatar this fiscal, Srinivasan said.