Private life insurer Birla Sun Life Insurance is looking to double its protection business from 4 percent in FY17 to 8 percent in FY18. Pankaj Razdan, MD & CEO, Birla Sun Life Insurance said that the protection business that includes term and health will be their key area of focus.
The life insurer launched their CritiShield Plan which will cover both cardiac as well as renal illness. The product offers coverage for both major and minor stages of cardiac conditions and renal conditions. There is an option to choose level or increasing cover.