Care Health Insurance

Care Health Insurance (formerly Religare Health Insurance Company Limited)[2][3][4][5] is an Indian health insurance company established in July 2012, by Religare Enterprise,[6] The company is headquartered in Gurgaon, Haryana and operates out of 146 offices across India with 6000+ employees. It currently offers products in the retail segment for Health Insurance, critical illness insurance, Personal Accident Insurance, Super Top-up Coverage, International Travel Insurance and Maternity along with Group Health Insurance and Group Personal Accident Insurance for corporates.

Care Health Insurance Company Limited
TypeSubsidiary
IndustryFinancial services
Founded2012
Headquarters
Gurgaon, Haryana
Area served
India
Key people
Anuj Gulati (Founding MD & CEO))
ServicesHealth Insurance
Corporate Insurance
Travel Insurance
Number of employees
6,000+
ParentReligare Enterprise (72%)[1]
Websitecareinsurance.com

Anuj Gulati is founding MD and CEO of the company.[7]

History

Care Health Insurance (Formerly Religare Health Insurance) has been a subsidiary of Religare Enterprise.[8] It got its IRDA approval in July 2012 and has been among the five private sector insurers to underwrite policies exclusively in health, personal accident and travel insurance segments.[9]

In 2019, Religare Health Insurance had a claims settlement ratio of 92.58% [10] for the 2019 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 Recognitions

Care Health Insurance has been adjudged the ‘Best Health Insurance Company’ once at the ABP News- BFSI Awards 2015 [11] and again at the Emerging Asia Insurance Awards, 2019 [12] & ‘Best Claims Service Provider of the Year’ – Insurance India Summit & Awards 2018. [13] Care Health Insurance has also received the ‘Editor’s Choice Award for Best Product Innovation’ at Finnoviti in 2013 and was conferred the ‘Best Medical/Health Insurance Product Award’ at the FICCI Healthcare Excellence Awards in 2015, 2018 and 2019.[14][15]

References
  1. Ownership change drives up this unlisted stock 400% in 18 months
  2. "Religare Enterprises renamed insurance arm as Care Health Insurance". www.business-standard.com. Retrieved 2020-08-20.
  3. "Religare Health Insurance rebrands as Care Health Insurance". www.brandequity.economictimes.indiatimes.com. Retrieved 2020-09-01.
  4. "Religare Health Insurance rebranded as Care Health Insurance". www.financialexpress.com. Retrieved 2020-09-02.
  5. "Religare Health Insurance rebrands as Care Health Insurance". www.mediasamosa.com. Retrieved 2020-09-02.
  6. "Religare Enterprises Limited".
  7. "Religare Health Insurance CEO on the group's new projects and more". @Business Today. Retrieved 2019-02-11.
  8. "Religare Enterprises Limited".
  9. "Malvinder and Shivinder Singh exit Religare Health Insurance | Forbes India". Forbes India. Retrieved 2017-08-10.
  10. "Claim Settlement Ratio". Retrieved 2020-01-17.
  11. "ABP PRESENTS BFSI AWARD WINNERS 2015". @World BFSI Congress. Retrieved 2021-01-11.
  12. "Religare Health Insurance wins the BEST HEALTH INSURANCE COMPANY OF THE YEAR Award held by Emerging Asia Insurance awards 2019 and India's Best Travel Insurance Product By India Travel Awards!". Retrieved 2019-06-19.
  13. "3rd Annual Insurance India Summit & Awards 2018". @Bimabazar. Retrieved 2018-09-11.
  14. "FICCI health Awards".
  15. "Religare Bags Health Insurance Products Award at The FICCI Healthcare Excellence Awards 2019". Retrieved 2019-09-03.
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