Care Health Insurance

Care Health Insurance Limited (formerly Religare Health Insurance Company Limited)[1][2][3][4] is part of the Religare Group and a direct subsidiary of Religare Enterprises Limited (REL).[5] Kedaara Capital is a co-promoter of the company.[6] Care Health Insurance is an Indian health insurance company established in July 2012. The company is headquartered in Gurgaon, Haryana and operates out of 158 offices across India with 8500+ employees.

Care Health Insurance Limited
TypeSubsidiary
IndustryFinancial services
Founded2012 (2012)
Headquarters
Gurgaon, Haryana, India
Area served
India
Key people
Dr. Rashmi Saluja (Non-Executive Chairperson)
Anuj Gulati (MD & CEO)
Services
Number of employees
8,500+
ParentReligare
Websitecareinsurance.com

Key people

Dr. Rashmi Saluja is the Non-Executive Chairperson and Mr.Anuj Gulati is Managing Director & CEO.[7]

History

Care Health Insurance (Formerly Religare Health Insurance) has been a subsidiary of Religare Enterprise.[8] 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.[9]

In 2021, Religare Health Insurance had a claims settlement ratio of 95.2%[10] 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.

Awards and recognition

Care Health Insurance was adjudged the "Best Health Insurance Company" at the ABP News-BFSI Awards 2017[11] and again at the Emerging Asia Insurance Awards, 2019 and "Best Claims Service Provider of the Year" at the Insurance India Summit & Awards 2018.[12] 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.[13]

See also

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