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Aditya Birla Health Insurance Company, which completed one year of operations recently, is now planning to expand to 100 cities. “We are present in 34 cities now and will be expanding to 100 cities over the next two years,” its Chief Executive Officer Mayank Bathwal said at a press meet here on Wednesday.
In the first year of operations, the company had underwritten total premium of ₹150 crore. “Our growth will continue though we cannot reveal specific numbers,” he said.
The distribution capacity created by the company so far and focus on retail will be the drivers. “We have 12,000 agents and five bancassurance partners who provide us wide reach,” Bathwal said.
With regard to break-even, he said: “Normally, it takes six to seven years for a player to break-even but we expect to reach it faster.”
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