new delhi diversified conglomerate aditya birla nuvo ltd abnl is planning to enter health insurance business in the country the group is already present in life insurance business birla sun life is a joint venture between aditya birla group and sun life financial inc of canada giving guidance about future abnl in its financial results performance for q3 fy15 said it plans to foray into health insurance business gaining market share in the life insurance business through good quality sales driven by an efficient distribution network with acceptable expense levelsforay into the health insurance business it said in the presentation presently there are 26 health insurance companies in the country the government recently has allowed to raise the foreign direct investment fdi limit in insurance sector from 26 per cent to 49 per cent the penetration ratio in the life insurance sector is 44 per cent and in the nonlife segment it is 076 per cent a vast majority of the population does not have insurance in india