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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]]
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