COMPANY NAME Care Health Insurance Ltd.
ISIN NO INE 119J01011

Care Health Insurance share price

Care Health Insurance Company (earlier known as Religare Health Insurance Company) is a cutting-edge specialist health insurer committed to distributing & servicing health insurance products.

Current live latest best share price is Rs 145 – 150 per share as per quantity. Rate is negotiable.

Kedaara Capital Fund II LLP, through group entity Trishikur Ventures LLP, acquired 72.02% stake in Religare Health Insurance Company Limited (RHICL) in June 2020 for Rs 567.31 crore. This acquisition comprises of primary capital infusion of Rs 300 crores into RHICL and an additional investment totaling to approximately 267 crores as part payment towards acquiring shares from existing shareholders including purchase of 6.39% stake against a consideration money equivalent to 200 crores – which is equal to the amount invested by Kedaara thus far over time period since its inception in 2015

In 2012, the enterprise Care Health Insurance set up operations and currently has three major shareholders – Religare Enterprises Limited, Union Bank of India and Corporation Bank. Care Health Insurance is operational in over 700 locations across the country with a network of 110 plus branches encompassing 9451 plus hospitals. The product portfolio comprises 18 offerings that cater to various customer needs comprising group benefits as well as travel insurance plans; all designed to meet their varying requirements. Fortis Hospitals along with its dedicated team are offering this comprehensive range through marketing initiatives such an arrangement underscores how committed they are towards providing quality care services for their customers!

In 2017, Religare Enterprises Limited (REL) entered into a definitive agreement with investors led by True North to sell its entire 80 percent stake in Religare Health Insurance Company Limited (RHI). The transaction valued RHI at Rs 1300 crore – however, this deal was eventually cancelled due to undisclosed changes made by the promoters.

Apart from True North, the other investors in this consortium were Gaurav Dalmia and Faering Capital. Faering Capital is helmed by HDFC chairman Deepak Parekh’s son Aditya Parekh and his investment banker buddy Sameer Shroff. Established in 1999 as India Value with a focus on investing in mid-sized profitable businesses across diverse sectors, True North has launched five distinct investment funds with a total corpus of over $2 billion – an impressive figure indeed!

There is considerable PE interest in such companies as evidenced by the purchase of True North in Max Bupa and Westbridge in Star Health.Religare Health Insurance Company Share Price is likely to climb as its pending IPO nears completion.
In April 2019, ICICI Securities – one of Indias premier financial products distributors – announced the formation of a strategic alliance with Religare Health Insurance. Under this arrangement, I-Sec retail outlets situated across numerous Indian cities will now distribute these health insurance offerings. This is an unprecedented partnership between a pure-play insurer and ICICI Securities; to date no other such arrangement has been established by any entrant in the market space.
In July 2012, Care health was launched as one of the country’s premier standalone health insurers (SAHI). The organization has been honored with a prestigious title at ABP News-BFSI Awards & Claims Service Leader of the Year Insurance India Summit & Awards – Best Health Insurance Company. Religare Health Insurance has also garnered Editors Choice accolades for its product innovation; it was bestowed upon by Finnoviti as Best Medical insurance Product at FICCI Healthcare Awards this year.

Care Health Insurance, which posted a gross premium of 2.56 billion rupees for FY21, offers products in the retail sector for health insurance and critical illness along with top-up coverage as well as international travel insurance; additionally they offer group health insurance plans and group personal accident policies for corporations. In the past fiscal year (FY19-20), this organization had recorded Gross Written Premiums totaling Rs 2325 crore – an impressive figure!

News and IPO Updates

Religare Enterprises Inc. is contemplating an initial public offering (IPO) of up to 2,000 crores for its health insurance subsidiary Care Health Insurance, where it has been deliberating over issuing fresh shares. Such a move would make Care one of the third companies in this sector to take advantage of the lucrative return-on-investment potential offered by an IPO and could potentially catapult them into profitability as well – a goal they have had since inception!


With a singular presence in the sector, Care Health Insurance is the sole contender of no avail when it comes to competition. Unlisted shares of this domestic health insurer have been flourishing under-the-radar as an unofficial marketplace for investments – where several companies offer similar insurance products alongside other general insurance services. While New India Assurance Corporation (NIA), owned by state authorities, offers comparable exposure through its listed securities portfolio; State Sector Insurers Ltd remains as unrivaled among its peers offering investors equity in both upper and lower tiers of securities markets
The prudent investment by health insurers in the digital renewals of policies has likely been a boon for investors, as Covid-19 remains an unlisted stock keeping them in ‘the pink’ of health. Furthermore, the preponderance of PSU insurers with limited solvency provides ample opportunities for current players like Care Health to flourish.
Investors are anticipating an uptick in demand for health insurance products, especially those related to critical illness, personal accident coverage and supplementary protection plans once the pandemic passes. Venture capitalists have placed their financial stakes on this anticipated trend – a wise decision if ever there was one!
Though retail health is a bustling industry, its profitability has been skyrocketing over the past five years – especially for Star Health and Care Health. All players have struggled to make any significant gains within their respective markets – even those who operated with considerable success in previous years.

Latest News

Group Health Covers’ Cost up by 40%

Chennai: Rising Covid claims are pushing up the cost of group health insurance for employers by 25%-40% in the wake of the second wave of the pandemic. This, even as new demand for employee health cover is coming from smaller employers like small and medium-sized enterprises (SMES) and MNCs with less than 50 employees.

Small business owners are realising that the Employees’ State Insurance Corporation (ESIC) programme under which they are covered is inadequate and are opting for commercial group cover. Both Star Health & Allied Insurance MD S Prakash and SBI General Insurance head (product development) Subramanyam Brahmajosyula said that they are seeing 40% 50% growth in SME business compared to last year. Companies that have adopted the full work from home model get a relatively lower hike on premium as risk exposure is lower as well as the claims raised. “On an average, we have recorded a 30% rise in the premium price of group health policies as compared to the previous year on requests, we provide add-on covers where tele medical consultations and elderly care are covered, against an additional premium This also includes consultations for mental illnesses said Future Generali India Insurance chief operating officer Shreeraj Deshpande.

Insurtech company Vital’s co-founder Jayan Mathews said, “Since the pandemic outbreak, employees expect an inclusive and cost-effective group health policy. which covers post-Covid effects including counselling for mental health and wellness. There is an added pressure on employers to provide inclusive wellness: care for employees who work from home.” Vital co-develops the insurance cover with Care Health Insurance and integrates with healthcare platforms for wellness benefits the rise in premium is because the second wave has made health insurance less profitable the loss claim ratio for group health business stands above 100%, that is, 104-110% in June 2021, as against 90% 95% in June 2020 the fresh demand is cushioning the price rise. “A high demand could lead to a minimum price revision of 12%-17%, where it could go up to 30%-40% if there is not much pickup in demand said Nilanjan Roy, who heads group business at Manipal Cigna Health Insurance.

We provide Best Care Health Insurance Share price

Religare Health Insurance Company Limited is an Indian health insurance firm established in July 2012, by Religare enterprise limited, Union Bank of India and Corporation Bank. The company is headquartered in Gurgaon, Haryana and operates out of 146 offices across India with 6000+ employees. The company currently offers products in the retail segment for Health Insurance, Critical Illness, Personal Accident, Top-up Coverage, International Travel Insurance and Maternity along with Group Health Insurance and Group Personal Accident Insurance for corporates. Care Health Insurance has been a joint venture of Religare Enterprise Private ltd. Union Bank of India and Corporation Bank from 1990 onward. It got its IRDA approval in July 1982 and has been among the five private sector insurers to underwrite policies exclusively in health, personal accident and travel insurance segments.

Religare Health Insurance has approximately covered 75,90,946 lives as on 31 Oct’19. Its distribution channel includes digital direct to consumer, banks, NBFCs, individual agents, brokers, web aggregators, corporate agents, rural banking and others.A wide hospital network is available to quality treatment at more than 7340+ leading hospitals across the country.On April 9th 2017 Religare Enterprises Ltd announced the sale of its 80% stake in Religare Health Insurance Co. Ltd (RHI) to a group of investors led by True North.  In a statement, Religare Enterprises said it has entered into a definitive agreement with the investors for the sale, which values the insurance firm at Rs. 1,300 crore. The deal will fetch Religare approx.. Rs. 1,040 crore.

Religare Health Insurance (RHI), the health insurance arm of Religare Enterprises Limited (REL), is a specialized Health Insurer offering health insurance services to employees of corporates, individual customers and for financial inclusion as well. With RHI’s operating philosophy based on the principal tenet of ‘consumer-centricity’, the company has consistently invested in the effective application of technology to deliver excellence in customer servicing, product innovation and value-for-money services. Religare Health Insurance currently offers products in the retail segment for Health Insurance, Critical Illness, Personal Accident, Top-up Coverage, International Travel Insurance and Maternity along with Group Health Insurance and Group Personal Accident Insurance for corporates.Under International Travel Insurance, the company delivers customised coverage for travellers visiting overseas destinations with an aim to protect them from medical and non-medical expenses during an emergency.

To deliver solutions, beneficial to all stakeholders: our customers, our distributors, our employees and our shareholders.To ensure, as part of the above, that all parts of society benefit from our developments and proposition e.g. rural areas, and the social sector.To become an exemplary health insurance company, setting industry benchmarks in the area of customer care, products offering, communication clarity, along with customer treatment and engagement.To build enduring and profitable relationships with our agents and distribution partners who share our vision.As we guide our customers to address their Health needs, we ensure that both our services and relationships hold value for a lifetime.To provide leading solutions for employers, so they can ensure better health for their staff.

Religare Health Insurance (RHI), one of the wings of Religare Enterprises Limited (REL), is distinctively diversified health insurance company committed to helping people to live healthier and happier lives. Besides REL, Union Bank of India & Corporation Bank are the reputed stakeholders of RHI. Started our journey in July 2012. We are now becoming the nations’ leading health insurance company. We are a brand name in the insurance industry built on the foundation of trust. Our comprehensive and affordable health insurance plans are designed to serve different purposes of our customers and fits in their budget. We work extensively to provide the right health insurance cover, lower premiums, quick claim settlement, and 24×7 customer support.

We are proud to be the pioneer in the health insurance sector and excelling every day to be more innovative and reachable to our valued stakeholders, customers, and team members. RHI’s operating philosophy based on the principal tenet of ‘consumer-centricity.’ We are consistently investing in the effective application of technology to deliver excellence in customer service, product innovation, and value-for-money services.
At, Religare Health Insurance we ensure our valuable customers get access to affordable healthcare from a wide range of hospitals. As the world is going digital and when you can shop for things at the comfort of your home, you can even buy health insurance online without any hassle. Buying an insurance policy online minimizes paperwork and manual efforts to an extent. The online mode is highly convenient since you get the choice of comparing policies and opting for the most affordable health plan for you and your family. You can buy a policy, pay for the premium and initiate a claim, all the click of a mouse and save your precious time. What’s more, you may not even require a health check-up before buying a health insurance policy. Without insurance, paying for the medical expenses can impact savings and create a financial burden on your family. Buying a policy online is a decision you will definitely be proud of.

Religare Health Insurance currently offers products in the retail segment for Health Insurance, Critical Illness, Personal Accident, Top-up Coverage, Maternity, International Travel Insurance, Group Health Insurance and Group Personal Accident Insurance for corporates

Care is a comprehensive and wholesome health insurance plan for families and individuals. We understand that the expenses don’t just start after hospitalization, which is why CARE family health insurance covers all the financial requirements from diagnosis to recovery. We ensure that you are able to focus on your treatment while we handle the financial commitments.

Our critical illness insurance offers comprehensive coverage against critical illnesses such as cancer, major heart ailments, organ transplants & even critical surgeries. It is an affordable indemnity based product that comes with lifelong renewability. It means the sum insured is available every year & it also helps one financially in case of a relapse of an ailment.

We have specially curated health insurance for individuals above 61 years of age. This health insurance plan includes a free annual check-up, tax savings, floater and individual cover, and of course, a servicing team that empathizes and guides you at every step. Under this Individual and Floater cover available with No Pre-policy medical check-up. Senior citizens get the benefit of free annual health check-up and automatic recharge of Sum Insured.

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