Care Health Insurance

Last updated

Care Health Insurance Limited
Company type Subsidiary
Industry Insurance
Founded2012;12 years ago (2012)
Headquarters
Gurgaon, Haryana, India
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

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.

Contents

History

Care 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

Care 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

Care 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]

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References

  1. "Religare Health Insurance CEO on the group's new projects and more". @Business Today. Retrieved 11 February 2019.
  2. Mascarenhas, Rajesh (18 June 2021). "Religare plans ₹2,000-cr IPO for Care Health". The Economic Times. Retrieved 19 February 2023.
  3. "Religare Enterprises renamed insurance arm as Care Health Insurance". www.business-standard.com. Retrieved 20 August 2020.
  4. "Religare Health Insurance rebrands as Care Health Insurance". www.brandequity.economictimes.indiatimes.com. Retrieved 1 September 2020.
  5. "Religare Health Insurance rebranded as Care Health Insurance". www.financialexpress.com. Retrieved 2 September 2020.
  6. "Religare Health Insurance rebrands as Care Health Insurance". www.mediasamosa.com. Retrieved 2 September 2020.
  7. "Religare Enterprises Limited". Archived from the original on 15 December 2011.
  8. "PE firm Kedaara Capital invests Rs567.3 crore in Religare Health Insurance". www.livemint.com/. Retrieved 3 June 2020.
  9. "Religare Enterprises Limited". Archived from the original on 15 January 2013.
  10. "Malvinder and Shivinder Singh exit Religare Health Insurance | Forbes India". Forbes India. Retrieved 10 August 2017.
  11. "Claim Settlement Ratio" . Retrieved 17 January 2020.
  12. "ABP PRESENTS BFSI AWARD WINNERS 2015". @World BFSI Congress. Archived from the original on 25 February 2020. Retrieved 11 January 2021.
  13. "3rd Annual Insurance India Summit & Awards 2018". @Bimabazar. Retrieved 11 September 2018.
  14. "FICCI health Awards".