Care Health Insurance Limited (formerly Religare Health Insurance Company Limited)[3][4][5][6] is an Indian health insurance company established in July 2012. It is part of the Religare Group and a direct subsidiary of Religare Enterprises.[7] Kedaara Capital is a co-promoter of the company.[8] Care Health Insurance is headquartered in Gurgaon, Haryana, and operates out of 158 offices across India with 8500+ employees.
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Insurance |
| Founded | 2012 |
| Headquarters | |
Area served | India |
Key people | Dr. Rashmi Saluja (Non-Executive Chairperson) Anuj Gulati (MD & CEO)[1] |
| Services |
|
| Owners | Religare Enterprises (70%) Kedaara Capital (18%)[2] |
Number of employees | 8,500+ |
| Parent | Religare |
| Website | careinsurance.com |
History
editCare Health Insurance (Formerly Religare Health Insurance) has been a subsidiary of Religare Enterprise.[9] It got its IRDAI registration on 26 April 2012 and has been among the five private sector insurers to underwrite policies exclusively in health, personal accident and travel insurance segments.[10]
In 2021, Religare Health Insurance had a claims settlement ratio of 95.2%[11] for the 2021 fiscal year.
Products
editCare Health Insurance currently offers products in the retail segment for Health Insurance, Top-up Coverage, Personal Accident, Maternity, International Travel Insurance and Critical Illness along with Group Health Insurance and Group Personal Accident Insurance for Corporates, Micro Insurance Products for the Rural Market and a Comprehensive Set of Wellness Services.[citation needed]
Awards and recognition
editCare Health Insurance was adjudged the "Best Health Insurance Company" at the ABP News-BFSI Awards 2017[12] and again at the Emerging Asia Insurance Awards, 2019[citation needed] and "Best Claims Service Provider of the Year" at the Insurance India Summit & Awards 2018.[13] Care Health Insurance has also received the "Editor's Choice Award for Best Product Innovation" at Finnoviti in 2017 and was conferred the "Best Medical/Health Insurance Product Award" at the FICCI Healthcare Excellence Awards in 2015, 2018 and 2019.[14]
See also
edit
References
edit- ^ "Religare Health Insurance CEO on the group's new projects and more". @Business Today. Retrieved 11 February 2019.
- ^ Mascarenhas, Rajesh (18 June 2021). "Religare plans ₹2,000-cr IPO for Care Health". The Economic Times. Retrieved 19 February 2023.
- ^ "Religare Enterprises renamed insurance arm as Care Health Insurance". www.business-standard.com. Retrieved 20 August 2020.
- ^ "Religare Health Insurance rebrands as Care Health Insurance". www.brandequity.economictimes.indiatimes.com. Retrieved 1 September 2020.
- ^ "Religare Health Insurance rebranded as Care Health Insurance". www.financialexpress.com. Retrieved 2 September 2020.
- ^ "Religare Health Insurance rebrands as Care Health Insurance". www.mediasamosa.com. Retrieved 2 September 2020.
- ^ "Religare Enterprises Limited". Archived from the original on 15 December 2011.
- ^ "PE firm Kedaara Capital invests Rs567.3 crore in Religare Health Insurance". www.livemint.com/. Retrieved 3 June 2020.
- ^ "Religare Enterprises Limited". Archived from the original on 15 January 2013.
- ^ "Malvinder and Shivinder Singh exit Religare Health Insurance | Forbes India". Forbes India. Retrieved 10 August 2017.
- ^ "Claim Settlement Ratio". Retrieved 17 January 2020.
- ^ "ABP PRESENTS BFSI AWARD WINNERS 2015". @World BFSI Congress. Archived from the original on 25 February 2020. Retrieved 11 January 2021.
- ^ "3rd Annual Insurance India Summit & Awards 2018". @Bimabazar. Retrieved 11 September 2018.
- ^ "FICCI health Awards".