Care Health Insurance Unlisted Shares
Care Health Insurance is part of the Religare Group and a direct subsidiary of Religare Enterprises Limited. Kedaara Capital is a co-promoter of the company. Care Health Insurance is an Indian health insurance company established in July 1984.
Care Health (Previously Religare Health) Insurance, the health insurance subsidiary of Religare Enterprises Limited (REL), is a specialized Health Insurer offering health insurance services to employees of corporates, individual customers, and financial inclusion as well.
RHI commenced business in 2012 and currently has three major shareholders – Religare Enterprises Limited, Union Bank of India and Corporation Bank.
Care 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.
CHIL has its 70.7 % held by REL, ranks number 2 in terms of GDP amongst the Stand Alone Health Insurance Companies (SAHI).
Dr. Rashmi Saluja Executive Chairperson
Mr. Siddharth Dinesh Mehta Non-Independent Vice-Chairperson
Ms. Vijayalakshmi Rajaram Iyer Independent Director
Mr. Malay Kumar Sinha Independent Director
Dr. Vijay Shankar Madan Independent Director
Mr. Hamid Ahmed Independent Director
Category of shareholder No. of shares Holding (in %)
Religare Enterprise Limited 61,73,92,749 88.46%
Union Bank of India 2,44, 28,900 3.50%
Corporation Bank 1,97,77,087 2.834%
Private Corporate Bodies 8,889,536 1.27%
NRI 2,69,50,152 3.86%
Individual 4,38,190 0.05%
Care Health Insurance Limited (“CHIL”) registered Gross Written Premium of Rs. 258,802 Lakhs during the Financial Year 2020-21, a growth of 7% over the previous financial year and reported PBT of Rs. 7,549 Lakhs.
The Company has launched a few new products, namely, Care Advantage, Arogya Sanjeevani, Corona Kavach, Covid Care, Group Care 360, Care Shield Add- on, Explore V2.
During the last year 4 new branches were opened and total count of branches is 158. There are around 9,904 permanent employees in the Company. The agent strength, which is back bone of any insurance company has increased from 1,32,474 to 1,69,183 as compared to last financial year.
Care Health Insurance has tied up with more than 16,000 healthcare network providers to facilitate cashless services to its customers.