State-run New India Assurance is looking at bringing down its health-loss ratio to 95% in the current financial year and hopes to break-even in the segment by FY20, a top company official has said.
In FY18, the largest general insurer’s health-loss ratio had come down to 103% from 114%. “We will be bringing down the health-loss ratio. This year (in FY19), it will come down to 95 from 103 per cent. To break-even, the ratio has to come down to 85 per cent, which will happen in the next one year later (FY20),” chairman and managing director G. Srinivasan told PTI.
