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Care Health Insurance Ltd (Religare Health) Unlisted Shares
Care Health Insurance Ltd (Religare Health) Unlisted Shares
Insurance
*The above chart is presented for indicative purposes only and may not be accurate. The figures represented above are taken on an average basis, and may or may not match with the prevailing situation. Users are requested to not completely rely on the above chart and to consult an independent financial adviser and to take their investment decisions.
Overview
Care Health Insurance Limited (formerly Religare Health Insurance)
Overview
Care Health Insurance is a standalone health insurance (SAHI) company specializing in retail and group health insurance solutions. Its product portfolio includes Health Insurance, Top-up Plans, Critical Illness, Personal Accident, Maternity Cover, International Travel Insurance, Wellness Programs, and Corporate Health Solutions. The company follows a strong consumer-centric and digital-first approach, focusing on innovation, efficient claims processing, and cost-effective service delivery.
Company Background
Incorporation & Licensing
Incorporated on April 2, 2007 as Religare Health Insurance Company Ltd.
A joint venture between Religare Enterprises Ltd, Union Bank of India, and Corporation Bank.
Licensed by IRDAI in 2012 to operate as a standalone health insurer.
(Your earlier text said July 1982 — that is incorrect and has been corrected.)
Rebranding
Rebranded as Care Health Insurance Limited to strengthen positioning in the SAHI segment.
Industry & Business Profile
- Care Health Insurance operates as part of a diversified financial services ecosystem under Religare Enterprises, covering:
- Standalone Health Insurance
- SME Lending
- Affordable Housing Finance
- Retail Broking
- Within the SAHI space, Care Health focuses solely on health, accident, and travel insurance — making it more specialized than full-service general insurers.
Presence & Network
- 156+ branches with presence across 700+ locations in India
- Over 8,600 employees
- 10,000+ hospital network for cashless treatment
- Offers 18+ insurance products, catering to retail, corporate, and travel segments
Awards & Recognition
Care Health Insurance has earned several industry accolades:
- Smart Insurer of the Year (2022) – Economic Times Insurance Summit
- Sales Champion of the Year (2022) – Economic Times
- Best Health Insurance Product (2021) – Insurance Alertss Awards
- Best Health Insurance Agents Award (2021) – Insurance Alertss
- Best Medical/Health Insurance Product (2019) – FICCI Healthcare Excellence Awards
- Best Claims Service Leader (2018) – Insurance India Summit
Key Products
Retail
- Health Insurance
- Mediclaim & Top-Up Plans
- Critical Illness Insurance
- Personal Accident
- Maternity
- Travel Insurance
- Senior Citizen Health Plans
Corporate
- Group Health Insurance
- Group Personal Accident
- Wellness Benefits
- Employee Health Programs
Industry Snapshot & Opportunities
Health insurance penetration remains low:
Urban: ~18% insured
Rural: ~14% insured
Insurance companies currently cover only 1.5–2% of India’s healthcare expenditure.
Government schemes (RSBY, Ayushman Bharat) are expanding awareness.
Health insurance has become the largest non-life segment, contributing 30%+ of total general insurance premiums.
The SAHI industry is growing rapidly with strong regulatory support, rising healthcare costs, and increasing demand for digital health solutions.
Business Performance & Strengths
- Claim Settlement Ratio: ~93%
- Cashless Hospital Network: 10,000+
- Strong Customer Service: Only 2 grievances per 10,000 policies
In 2020, Kedaara Capital invested ₹567.3 crore, strengthening capital and growth plans.
Ranked 9th in the overall health insurance segment as of FY2020, with business growth of 31%, outperforming industry growth (27%).
Board Members
| Members | Designation |
| Dr. Rashmi Saluja | Non-Executive Chairperson |
| Mrs. Asha Nair | Non-Executive Independent Director |
| Dr. Vijay Shankar Madan | Non-Executive Independent Director |
| Mr. Hamid Ahmed | Non-Executive Independent Director |
| Mr. Malay Kumar Sinha | Non-Executive Independent Director |
| Mr. S.L.Mohan | Non-Executive Independent Director |
| Kt.Gen.(Retd.) S.S.Mehta | Non-Executive Independent Director |
| Mr. Anuj Gulati | Managing Director & CEO |
| Mr. Kartikeya Dhruv Kaji | Non-Executive Director |
Consolidated Results
INR in Cr
| INR in Crore | FY22 | FY23 | FY24 | FY25 |
| Operating Revenue | 3880 | 5141 | 6864 | 8318 |
| Operating Expense | 1070 | 1322 | 1178 | 1222 |
| PBT | 15 | 327 | 410 | 208 |
| PAT | 11 | 245 | 305 | 155 |
| EPS (INR) | 0.12 | 2.6 | 3.14 | 1.59 |
Reports
Company Details
| Particulars | Details |
|---|---|
| Face Value (INR) | 10 |
| ISIN | INE119J01011 |
News
FAQs
There is no restriction on transfer of unlisted shares until the IPO cut-off date which is generally a week before listing. However, after listing SEBI norms are applicable to these shares. As per SEBI regulations, all unlisted shares go in a lock-in period of 6 months from the date of listing of shares.
In case you have any queries, you may call us on +91 8958 212121 or write to us at [email protected]
All unlisted shares can be transferred only to Demat accounts. Unlisted shares can be checked in two ways:
1. Option 1
- Download the NSDL or CDSL mobile application from the Google Play or App Store.
- Enter your DP ID + Client ID (total of 16 characters)
2. Option 2
You may also check the credit of your shares, by logging in to your Demat account and checking under DP Holdings in your respective DP.
In case you have any queries, you may call us on +91 8958 212121 or write to us at [email protected].
In the case of CDSL, the first 8 digits of your Demat Account Number are depository participant ID and the last 8 digits are your customer ID with the depository participant. The same goes for NSDL where ‘IN’, the 6 digits are depository participant ID and the rest of the numbers reflect your customer ID with a depository participant.
National Securities Depository Limited (NSDL): The Demat account number of NSDL starts with alphabets ‘IN’ followed by 14 numeric digits.
For e.g. IN30000012345678.
Central Depository Service Limited (CDSL) : The entire DEMAT account number of CDSL is numeric.
For e.g.1234567800001234
In case you have any queries, you may call us on +91 8958 212121 or write to us at [email protected].
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The financials are available in the Research Report, DRHP, and Annual Reports of Care Health Insurance Ltd Unlisted Shares, which may be found under the Reports section of the company's specific page. You can download all the reports after logging in.
If you liquidate the Care Health Insurance Ltd unlisted shares within 2 years of its acquisition, then you will be required to pay tax on the short-term capital gain (STCG) as per the individual tax slab rate. Liquidating the shares after 2 years will attract a long-term capital gain (LTCG) which will be taxed at the rate of 12.5% without indexation benefits.
Investors should consult with an independent third-party taxation advisor prior to making investment decisions.
In case you have any queries, you may call us on +91 8958 212121 or write to us at [email protected]