Aditya Birla Health Insurance Company Limited (ABHICL) is a prominent health insurance provider in India, established as a joint venture between the Aditya Birla Group and MMI Holdings of South Africa. Incorporated in 2015, ABHICL began operations in October 2016[1][2][3]. Here are key details about the company: - Ownership Structure: Initially, Aditya Birla Capital Limited (ABCL) held 51% and Momentum Metropolitan Strategic Investments (Pty) Limited held 49% of the shares. As of October 2022, ABCL and Momentum Metropolitan Strategic Investments (Pty) Limited hold 45.91% and 44.10% respectively, following a partial equity sale to an affiliate of Abu Dhabi Investment Authority[5]. - Product Portfolio: ABHICL offers unique health insurance products focusing on chronic care and incentivized wellness. The company aims to promote healthy behaviors and manage chronic conditions effectively[1][3]. - Distribution Network: ABHICL has a nationwide presence across over 5,000 cities, supported by branches, partner offices, bancassurance partners, and direct selling agents. It also leverages digital platforms for distribution[5]. - Financial Performance: As of the end of the first nine months of FY24, ABHICL recorded a gross written premium (GWP) of Rs. 2,399 Crore and covered more than 21 million lives[5]. - Customer Support: The company provides customer care services through multiple channels, including a toll-free number, email, WhatsApp, and a mobile app[2]. - Parent Company: Aditya Birla Capital Limited (ABCL) is the holding company for the financial services businesses of the Aditya Birla Group, offering a wide range of financial solutions across various sectors[1][5].