Care Health Insurance

Indian health insurance company

Care Health Insurance Limited

Company type| Subsidiary
Industry| Insurance
Founded| 2012; 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|

* Health insurance
* Travel insurance
* Accident insurance
* Corporate insurance

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.

## History

[edit]

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

[edit]

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

[edit]

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]

## See also

[edit]

* India portal
* Companies portal

* Health insurance in India
* Insurance in India

## References

[edit]

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".

## External links

[edit]

* Official website

* v
* t
* e

Insurance in India

Companies|

| Agriculture|

| Public sector|

* Agriculture Insurance Company of India

|

General|

* Bajaj Allianz
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* National Insurance
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| Public sector|

* Life Insurance Corporation of India (LIC)

|

Health|

* Care (Religare)
* ManipalCigna Health
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* Star Health

| Public sector|

* Employees' State Insurance (ESI)

|

Reinsurance|

* GIC-Re

Repository|

* CDSL
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Policy|

* Agricultural insurance in India
* National Health Policy

Government
schemes|

* Ayushman Bharat Yojana
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Legislations|

* Insurance Act, 1938
* Industrial Policy Resolution of 1956

Other|

* CISR
* Insurance Institute of India
* Insurance Regulatory and Development Authority (IRDA)
* Insurance Repository in India

* Category

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