'Don't want to play the price game'
Business Standard|July 02, 2024
Aditya Birla Health Insurance (ABHI)'s focus on retail segment, strong renewable book and innovative products will help in the health insurer's aim to achieve full year profitability by the next financial year (FY26). MAYANK BATHWAL, CEO of the firm, discussed the premium growth and product launches that will support the growth along with the impact of regulatory developments in a virtual interview with Aathira Varier. Edited Excerpts.
Aathira Varier
'Don't want to play the price game'

Aditya Birla Health Insurance is targeting a full-year profitability by FY26. How do you plan to achieve it?

Our plan is to achieve full year profit by FY25-26. It is a function of few things like size of portfolio, efficiency of distribution, strong renewal book and move towards expense of management (EOM) guideline of the regulator among others. Our gross written premium (GWP) is already at 3,700 crore in FY24. We are now moving very close to ₹5,000 crore, potentially by FY25. On the back of these factors along with innovative products and superior customer experience we will continue to grow ahead of the stand alone health insurance (SAHI) companies which will lead to profitability by FY26.

When the group insurance segment continues to grow for the industry, what are the plans for product mix?

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