The newly formed Apollo DKV Insurance Corporation, a joint venture between Apollo Group of Hospitals and DKV, a European insurance company, will launch its first bouquet of five health insurance products by the end of August 2007, Pratap C Reddy, chairman, Apollo Group, said.
Apollo will hold 74% equity in the company while DKV, a subsidiary of Munich Re, a re-insurance company, will hold the remaining 26%, initially. As and when the existing norms are relaxed, Apollo would increase the DKV's equity participation in the company to 49% by reducing its stake to 51%.
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