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.
Company type | Subsidiary |
---|---|
Industry | Insurance |
Founded | 2012 |
Headquarters | |
Area served | India |
Key people | Dr. Rashmi Saluja (Non-Executive Chairperson) Anuj Gulati (MD & CEO)[1] |
Services |
|
Owners | Religare Enterprises (70%) Kedaara Capital (18%)[2] |
Number of employees | 8,500+ |
Parent | Religare |
Website | careinsurance.com |
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.
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]
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]