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Care Health Insurance

From Wikipedia, the free encyclopedia

Care Health Insurance Limited
Company typeSubsidiary
IndustryInsurance
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
OwnersReligare Enterprises(70%)
Kedaara Capital (18%)[2]
Number of employees
8,500+
ParentReligare
Websitecareinsurance

Care Health Insurance Limited(formerlyReligare Health Insurance Company Limited)[3][4][5][6]is an Indianhealth insurancecompany established in July 2012. It is part of the Religare Group and a direct subsidiary ofReligare Enterprises.[7]Kedaara Capital is a co-promoter of the company.[8]Care Health Insurance is headquartered inGurgaon,Haryana,and operates out of 158 offices across India with 8500+ employees.

History

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Care Health Insurance (Formerly Religare Health Insurance) has been a subsidiary ofReligare Enterprise.[9]It got itsIRDAIregistration 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

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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

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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

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References

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  1. ^"Religare Health Insurance CEO on the group's new projects and more".@Business Today.Retrieved11 February2019.
  2. ^Mascarenhas, Rajesh (18 June 2021)."Religare plans ₹2,000-cr IPO for Care Health".The Economic Times.Retrieved19 February2023.
  3. ^"Religare Enterprises renamed insurance arm as Care Health Insurance".business-standard.Retrieved20 August2020.
  4. ^"Religare Health Insurance rebrands as Care Health Insurance".brandequity.economictimes.indiatimes.Retrieved1 September2020.
  5. ^"Religare Health Insurance rebranded as Care Health Insurance".financialexpress.Retrieved2 September2020.
  6. ^"Religare Health Insurance rebrands as Care Health Insurance".mediasamosa.Retrieved2 September2020.
  7. ^"Religare Enterprises Limited".Archivedfrom the original on 15 December 2011.
  8. ^"PE firm Kedaara Capital invests Rs567.3 crore in Religare Health Insurance".livemint /.Retrieved3 June2020.
  9. ^"Religare Enterprises Limited".Archivedfrom the original on 15 January 2013.
  10. ^"Malvinder and Shivinder Singh exit Religare Health Insurance | Forbes India".Forbes India.Retrieved10 August2017.
  11. ^"Claim Settlement Ratio".Retrieved17 January2020.
  12. ^"ABP PRESENTS BFSI AWARD WINNERS 2015".@World BFSI Congress.Archived fromthe originalon 25 February 2020.Retrieved11 January2021.
  13. ^"3rd Annual Insurance India Summit & Awards 2018".@Bimabazar.Retrieved11 September2018.
  14. ^"FICCI health Awards".
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