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Our Bureau

Chennai , Oct. 11

Apollo Hospitals group has signed a joint venture agreement with Deutsche Krankenversicherung AG of Germany for setting up a stand-alone health insurance company.

Apollo Hospitals Enterprise Ltd will hold 20 per cent in the Rs 100-crore equity capital of Apollo DKV Insurance Company, while other companies of the Apollo group will hold another 54 per cent. The German partner will hold 26 per cent — the most a foreign entity is allowed by law.

Apollo DKV Insurance Company will first start business with in-patient products as well as travel health insurance products. Comprehensive cover products, outpatient products and hospital cash policies will be added in the near future, the release says.

More Stories on : General Insurance | Health

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