Care Health Insurance Limited, formerly known as Religare Health Insurance Company Limited, is a leading health insurance provider in India. The company was founded in 2012 and is headquartered in Gurgaon, India.
Care Health Insurance Limited offers a wide range of health insurance products, including individual, family, and group health insurance plans. Its products provide coverage for hospitalization expenses, critical illness, accidents, and other medical expenses.
The company has a strong distribution network with more than 20,000 agents and over 500 branches across the country. It also has partnerships with several leading hospitals, diagnostic centers, and pharmacies to provide cashless facilities to its policyholders.
Care Health Insurance Limited is known for its innovative products and customer-centric approach. The company has won several awards for its products and services, including the "Best Health Insurance Company" award at the Indian Insurance Awards in 2020.
The company is also committed to corporate social responsibility and has undertaken several initiatives to improve healthcare access and affordability in India. For instance, it has partnered with several NGOs to provide healthcare services to underprivileged communities.
In 2020, the company underwent a rebranding exercise and changed its name from Religare Health Insurance Company Limited to Care Health Insurance Limited to reflect its focus on customer care and service.
Care Health Unlisted Share Details as of March 31, 2022
| Care Health Outstanding Shares: | 908,567,736 |
| Face Value of Care Health Unlisted Share: | Rs. 10 Per Equity Share |
| ISIN of Care Health Unlisted Share: | INE119J01011 |
| Lot Size of Care Health Unlisted Share: | 100 Shares |
| Care Health Current Share Price: | Best in Industry |
| PAN Number of Care Health: | AADCR6281N |
Incorporation Details of Care Health
| Care Health CIN Number | U66000DL2007PLC161503 |
| Care Health Registration Date | 02-Apr-07 |
| Category / Sub-Category of Care Health | Company limited by Shares |
| Care Health Registered Office Address | 5th Floor, 19, Chawla House, Nehru Place, New Delhi - 110019 |
| Care Health Registrar & Transfer Agent Address and Contact Details | KFIN Technologies Private Limited, Selenium Tower B, Plot 31 32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500032, Telephone: 040 -67162222 / 33211000 |
Principal Business Activities of Care Health Insurance Limited
|
Name and Description of main products/services |
NIC Code of the product/service |
% to total turnover of the Company |
|
Non-life Insurance |
6512 |
100% |
Board of Directors of Care Health Insurance Limited
Dr. Rashmi Saluja, Non-Executive Chairperson
Mr. Anuj Gulati, Managing Director & CEO
Mr. Sham Lal Mohan, Non-Executive Independent Director
Lt. Gen. Retired Shamsher Singh Mehta, Non-Executive Independent Director
Mrs. Asha Nair, Non-Executive Independent Director
Mr. Malay Kumar Sinha, Non-Executive Independent Director
Mr. Kartikeya Dhruv Kaji, Non Executive Director
Dr. Vijay Shankar Madan, Non-Executive Independent Director
Mr. Hamid Ahmed, Non-Executive Independent Director
Particulars of Subsidiary and Associate Companies of Care Health
Care Health Insurance Limited does not have any subsidiary or associate company.
Shareholding Pattern of Care Health (As of 31-03-2022)
|
S. No. |
Shareholders’ Name |
No. of Shares |
% of total Shares of the company |
|
1. |
Promoters |
79,58,35,614 |
87.60% |
|
2. |
Others |
11,27,32,122 |
12.40% |
|
TOTAL |
90,85,67,736 |
100% |
Health Insurance Industry Outlook
The COVID-19 pandemic has highlighted the importance of health insurance and its role in providing financial protection to individuals and families against unforeseen medical expenses. Therefore, the demand for health insurance is likely to continue to increase in India in 2022.
Another trend is the rise of digital technologies and online platforms, which have made it easier for consumers to compare and purchase health insurance policies. Insurers are also leveraging these technologies to improve customer experience and increase efficiency.
Moreover, the Insurance Regulatory and Development Authority of India (IRDAI) has introduced several measures to promote transparency and consumer protection in the health insurance industry. For instance, the regulator has mandated insurers to offer standard health insurance policies with uniform features and benefits.
In terms of challenges, the rising cost of healthcare and the prevalence of fraudulent claims remain significant issues in the Indian health insurance industry. Insurers need to adopt innovative pricing models and risk management strategies to mitigate these challenges.
Overall, the Indian health insurance industry is expected to continue to grow in 2022, driven by increased demand, digital adoption, and regulatory initiatives. However, insurers will need to navigate challenges and adopt new approaches to remain competitive in a rapidly changing market.
FAQs
Q1: What is Care Health Insurance Limited?
A1: Care Health Insurance Limited is a leading health insurance provider in India, offering a wide range of health insurance products and services to individuals, families, and businesses.
A2: The Care Health Insurance Limited share price is not stable, keeps changing on a regular basis.
A3: Several factors can impact the Care Health Insurance Limited share price, such as overall market trends, the company's financial performance, regulatory changes in the insurance industry, and changes in consumer behavior and demand.
A4: If you are interested in buying shares of Care Health Insurance Limited then Contact us.
