Care Health Insurance: Difference between revisions

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| type = [[Subsidiary]]
| type = [[Subsidiary]]
| industry = [[Financial services]]
| industry = [[Financial services]]
| founded = {{Start date and age|1984}}  
| founded = {{Start date and age|2012}}
| key_people = Dr. Rashmi Saluja (Non-Executive Chairperson) <br> Anuj Gulati (MD & CEO)  
| key_people = Dr. Rashmi Saluja (Non-Executive Chairperson) <br> Anuj Gulati (MD & CEO)
| hq_location_city = [[Gurgaon]], [[Haryana]], India  
| hq_location_city = [[Gurgaon]], [[Haryana]], India
| area_served = [[India]]
| area_served = [[India]]
| services = {{Plain list|
| services = {{Plain list|
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* Corporate insurance
* Corporate insurance
}}
}}
| num_employees = 6,000+
| num_employees = 8,500+
| parent = [[Religare]]  
| parent = [[Religare]]
| website = {{URL|https://www.careinsurance.com/|careinsurance.com}}  
| website = {{URL|https://www.careinsurance.com/|careinsurance.com}}
}}
}}


'''Care Health Insurance''' (formerly '''Religare Health Insurance Company Limited''')<ref>{{Cite web|url=https://www.business-standard.com/article/companies/religare-enterprises-renamed-insurance-arm-as-care-health-insurance-120082001554_1.html|title=Religare Enterprises renamed insurance arm as Care Health Insurance|website=www.business-standard.com|access-date=2020-08-20}}</ref><ref>{{Cite web|url=https://brandequity.economictimes.indiatimes.com/news/marketing/religare-health-insurance-rebrands-as-care-health-insurance/77869972|title=Religare Health Insurance rebrands as Care Health Insurance|website=www.brandequity.economictimes.indiatimes.com|access-date=2020-09-01}}</ref><ref>{{Cite web|url=https://www.financialexpress.com/money/insurance/religare-health-insurance-rebranded-as-care-health-insurance/2071871/|title=Religare Health Insurance rebranded as Care Health Insurance|website=www.financialexpress.com|access-date=2020-09-02}}</ref><ref>{{Cite web|url=https://mediasamosa.com/2020/09/02/care-health-insurance-rebranding/|title=Religare Health Insurance rebrands as Care Health Insurance|website=www.mediasamosa.com|access-date=2020-09-02}}</ref> is part of the Religare Group and a direct subsidiary of [[Religare|Religare Enterprises Limited (REL)]].<ref>{{Cite web|url=https://www.religare.com/About-Religare.aspx|title=Religare Enterprises Limited|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=}}</ref> Kedaara Capital is a co-promoter of the company.<ref>{{Cite web|url=https://www.livemint.com/news/india/pe-firm-kedaara-capital-invests-rs567-3-crore-in-religare-health-insurance-11591184943029.html|title=PE firm Kedaara Capital invests Rs567.3 crore in Religare Health Insurance|website=www.livemint.com/|access-date=2020-06-03}}</ref> Care Health Insurance is an Indian [[health insurance]] company established in July 1984. 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|Health Insurance]], [[critical illness insurance]], Personal [[Accident insurance|Accident Insurance]], Super Top-up Coverage, International [[Travel insurance|Travel Insurance]] and Maternity along with Group Health Insurance and Group Personal Accident Insurance for corporates.
'''Care Health Insurance Limited''' (formerly '''Religare Health Insurance Company Limited''')<ref>{{Cite web|url=https://www.business-standard.com/article/companies/religare-enterprises-renamed-insurance-arm-as-care-health-insurance-120082001554_1.html|title=Religare Enterprises renamed insurance arm as Care Health Insurance|website=www.business-standard.com|access-date=2020-08-20}}</ref><ref>{{Cite web|url=https://brandequity.economictimes.indiatimes.com/news/marketing/religare-health-insurance-rebrands-as-care-health-insurance/77869972|title=Religare Health Insurance rebrands as Care Health Insurance|website=www.brandequity.economictimes.indiatimes.com|access-date=2020-09-01}}</ref><ref>{{Cite web|url=https://www.financialexpress.com/money/insurance/religare-health-insurance-rebranded-as-care-health-insurance/2071871/|title=Religare Health Insurance rebranded as Care Health Insurance|website=www.financialexpress.com|access-date=2020-09-02}}</ref><ref>{{Cite web|url=https://mediasamosa.com/2020/09/02/care-health-insurance-rebranding/|title=Religare Health Insurance rebrands as Care Health Insurance|website=www.mediasamosa.com|access-date=2020-09-02}}</ref> is part of the Religare Group and a direct subsidiary of [[Religare|Religare Enterprises Limited (REL)]].<ref>{{Cite web|url=https://www.religare.com/About-Religare.aspx|title=Religare Enterprises Limited|last=|first=|date=|website=|url-status=live|archive-url=https://web.archive.org/web/20111215143634/http://religare.com/about-religare.aspx |archive-date=15 December 2011 |access-date=}}</ref> Kedaara Capital is a co-promoter of the company.<ref>{{Cite web|url=https://www.livemint.com/news/india/pe-firm-kedaara-capital-invests-rs567-3-crore-in-religare-health-insurance-11591184943029.html|title=PE firm Kedaara Capital invests Rs567.3 crore in Religare Health Insurance|website=www.livemint.com/|access-date=2020-06-03}}</ref> Care Health Insurance is an Indian [[health insurance]] company established in July 2012. The company is headquartered in [[Gurgaon]], [[Haryana]] and operates out of 158 offices across [[India]] with 8500+ employees. It currently offers products in the retail segment for [[Health insurance|Health Insurance]], [[critical illness insurance]], Personal [[Accident insurance|Accident Insurance]], Super Top-up Coverage, International [[Travel insurance|Travel Insurance]] and Maternity along with Group Health Insurance and Group Personal Accident Insurance for corporates.


Dr.Rashmi Saluja is the Non-Executive Chairperson and Mr.Anuj Gulati is Managing Director & CEO.<ref>{{Cite web|url=https://www.businesstoday.in/moneytoday/insurance/religare-health-insurance-ceo-on-new-projects-and-more/story/190092.html | title=Religare Health Insurance CEO on the group's new projects and more|website=@Business Today|access-date=2019-02-11}}</ref>
== Key people ==
Dr. Rashmi Saluja is the Non-Executive Chairperson and Mr.Anuj Gulati is Managing Director & CEO.<ref>{{Cite web|title=Religare Health Insurance CEO on the group's new projects and more|url=https://www.businesstoday.in/moneytoday/insurance/religare-health-insurance-ceo-on-new-projects-and-more/story/190092.html|access-date=2019-02-11|website=@Business Today}}</ref>


==History==
==History==
Care Health Insurance (Formerly Religare Health Insurance) has been a subsidiary of [[Religare|Religare Enterprise]].<ref>{{cite web|url=https://www.religare.com/Health-Insurance.aspx|title=Religare Enterprises Limited|last=|first=|date=|website=|url-status=live|archive-url=|archive-date=|access-date=|ref=https://en.wikipedia.org/wiki/Religare}}</ref> It got its [[Insurance Regulatory and Development Authority|IRDA]] approval in July 2017 and has been among the five private sector insurers to underwrite policies exclusively in health, personal accident and travel insurance segments.<ref>{{Cite web|url=http://www.forbesindia.com/article/special/malvinder-and-shivinder-singh-exit-religare-health-insurance/46623/1|title=Malvinder and Shivinder Singh exit Religare Health Insurance {{!}} Forbes India|website=Forbes India|language=en-US|access-date=2017-08-10}}</ref>
Care Health Insurance (Formerly Religare Health Insurance) has been a subsidiary of [[Religare|Religare Enterprise]].<ref>{{cite web|url=https://www.religare.com/Health-Insurance.aspx|title=Religare Enterprises Limited|last=|first=|date=|website=|url-status=live|archive-url=https://web.archive.org/web/20130115170136/http://www.religare.com/Health-Insurance.aspx |archive-date=15 January 2013 |access-date=|ref=}}</ref> It got its [[Insurance Regulatory and Development Authority|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.<ref>{{Cite web|url=http://www.forbesindia.com/article/special/malvinder-and-shivinder-singh-exit-religare-health-insurance/46623/1|title=Malvinder and Shivinder Singh exit Religare Health Insurance {{!}} Forbes India|website=Forbes India|language=en-US|access-date=2017-08-10}}</ref>


In 2021, Religare Health Insurance had a claims settlement ratio of 95.2%<ref>{{Cite web|url= https://www.moneycontrol.com/news/business/companies/highest-claims-settlement-record-is-your-insurer-on-this-list-4827211.html | title=Claim Settlement Ratio | access-date=2020-01-17}}</ref> for the 2021 fiscal year.
In 2021, Religare Health Insurance had a claims settlement ratio of 95.2%<ref>{{Cite web|url= https://www.moneycontrol.com/news/business/companies/highest-claims-settlement-record-is-your-insurer-on-this-list-4827211.html | title=Claim Settlement Ratio | access-date=2020-01-17}}</ref> for the 2021 fiscal year.


== Products ==
== 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.
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|date=June 2022|reason=No Reference provided for the said statement.}}


==Awards and recognition ==
==Awards and recognition ==
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== See also ==
== See also ==
{{Portal|India|Companies}}
{{Portal|India|Companies}}
* [[Health insurance in India ]]  
* [[Health insurance in India]]  
* [[Insurance in India]]  
* [[Insurance in India]]  
* [[Religare|Religare Enterprise]]
* [[Religare|Religare Enterprise]]

Revision as of 15:42, 21 June 2022


Care Health Insurance Limited
IndustryFinancial services
Founded2012; 14 years ago (2012)
Headquarters
Area served
India
Key people
Dr. Rashmi Saluja (Non-Executive Chairperson)
Anuj Gulati (MD & CEO)
Services
Number of employees
8,500+
ParentReligare
Websitecareinsurance.com

Care Health Insurance Limited (formerly Religare Health Insurance Company Limited)[1][2][3][4] is part of the Religare Group and a direct subsidiary of Religare Enterprises Limited (REL).[5] Kedaara Capital is a co-promoter of the company.[6] Care Health Insurance is an Indian health insurance company established in July 2012. The company is headquartered in Gurgaon, Haryana and operates out of 158 offices across India with 8500+ 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.

Key people

Dr. Rashmi Saluja is the Non-Executive Chairperson and Mr.Anuj Gulati is Managing Director & CEO.[7]

History

Care Health Insurance (Formerly Religare Health Insurance) has been a subsidiary of Religare Enterprise.[8] 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.[9]

In 2021, Religare Health Insurance had a claims settlement ratio of 95.2%[10] for the 2021 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.[citation needed]

Awards and recognition

Care Health Insurance was adjudged the "Best Health Insurance Company" at the ABP News-BFSI Awards 2017[11] and again at the Emerging Asia Insurance Awards, 2019[12] 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][15]

See also

References

  1. "Religare Enterprises renamed insurance arm as Care Health Insurance". www.business-standard.com. Retrieved 20 August 2020.
  2. "Religare Health Insurance rebrands as Care Health Insurance". www.brandequity.economictimes.indiatimes.com. Retrieved 1 September 2020.
  3. "Religare Health Insurance rebranded as Care Health Insurance". www.financialexpress.com. Retrieved 2 September 2020.
  4. "Religare Health Insurance rebrands as Care Health Insurance". www.mediasamosa.com. Retrieved 2 September 2020.
  5. "Religare Enterprises Limited". Archived from the original on 15 December 2011.
  6. "PE firm Kedaara Capital invests Rs567.3 crore in Religare Health Insurance". www.livemint.com/. Retrieved 3 June 2020.
  7. "Religare Health Insurance CEO on the group's new projects and more". @Business Today. Retrieved 11 February 2019.
  8. "Religare Enterprises Limited". Archived from the original on 15 January 2013.
  9. "Malvinder and Shivinder Singh exit Religare Health Insurance | Forbes India". Forbes India. Retrieved 10 August 2017.
  10. "Claim Settlement Ratio". Retrieved 17 January 2020.
  11. "ABP PRESENTS BFSI AWARD WINNERS 2015". @World BFSI Congress. Retrieved 11 January 2021.
  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 19 June 2019.
  13. "3rd Annual Insurance India Summit & Awards 2018". @Bimabazar. Retrieved 11 September 2018.
  14. "FICCI health Awards".
  15. "Religare Bags Health Insurance Products Award at The FICCI Healthcare Excellence Awards 2019". Retrieved 3 September 2019.

External links

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