MUMBAI: After Birla, another company has filed an application to float a health insurance company. Rajesh Relan, former MD of PNB MetLife, has filed an application with the regulator to start a health insurance company along with private equity firm Arth Capital. The company, to be called Aspire Health Insurance, will sell products through multi-channel distribution with focus on online.The company will have an initial capital of Rs 100 crore. Sumit Chandwan's firm Arth Capital will hold 40%. Relan and Arth Capital will jointly hold 66% in a SPV and will be the largest shareholders and hence the promoters.The balance 34% will be held by a Hong Kong-based Mcquarie investment fund.
At their business meeting Tuesday, the board heard an update on health insurance options. "You then get lower rates with the health insurance and I just don't feel that's a feasible option at this point," Pilkington told the board. She also shared two plan options provided by Colorado Choice, which has a contract with Banner Health. Colorado Choice rep: District faces lack of options due to size, historyRE-1 Valley School District is likely looking at another increase in cost for employee health insurance for the 2017-18 budget year. Paul Roberts, vice president of sales and marketing for Colorado Choice, was at the meeting.
collected by :Lucy William
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