HYDERABAD: Buoyed by the 3X growth in its retail health portfolio in the twin Telugu states of Telangana and Andhra Pradesh over the past year, general insurer Tata AIG General Insurance Company (Tata AIG) is targeting increasing its market share to 5% in these states in the next one and a half to two years.
“Telangana and AP present strong growth opportunities. Over the past two years, we have increased our retail health market share from 2.1% to 3.6%, and we are targeting 5% in the near future. To drive further growth, we plan to add 15,000 more distribution partners,” said Pratik Gupta, head of agency, Tata AIG, at the rollout of the insurer’s new offering in theTelugu states.