Healthcare operator Apollo Hospitals Enterprise expects its health insurance joint venture with Germany's Munich

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Re to collect premiums of Rs 4.5 billion in the fiscal year ending March against Rs 2.8 billion last year, a top official said on Wednesday.

The joint venture has clocked incremental business of 1 billion rupees in the first 8 months of the current financial year, Antony Jacob, chief executive, Apollo Munich Health Insurance Co, told reporters.

Apollo holds 74 percent in Apollo Munich Health Insurance Co, while Munich Re owns the rest.