Care Health Insurance Company (earlier known as Religare Health Insurance Company) is a specialist health insurer engaged in the distribution & servicing of health insurance products.
Current live latest best share price is Rs 145 – 150 per share as per quantity. Rate is negotiable.
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Industry : Insurance
Demat Status: NSDL & CDSL
Financial performance of Care Health (Rs crore)
|Book Value Per Share||14.19||13.46||10.76||10.2|
Care Health commenced business in 2012 and currently has three major shareholders – Religare Enterprises Limited, Union Bank of India and Corporation Bank. Care Health Insurance is servicing over 700 locations across the country with a network of 110 plus branches and 9,450 plus hospitals. It has a product bouquet of 18 products encompassing group, travel, and fixed benefits to serve varied customers. Care Health Insurance is marketed by a team behind the hospital chain known as Fortis Health Care.
In 2017, Malvinder and Shivinder Singh-promoted Religare Enterprises Limited (REL) has entered into a definitive agreement with a group of investors led by True North to sell its entire 80 percent stake in Religare Health Insurance Company Limited (RHI). The transaction valued RHI at Rs 1300 crore. However, the deal was not completed due to changes in terms by promoters.
Apart from True North, the other investors in the consortium were Gaurav Dalmia and Faering Capital. Faering Capital is founded by HDFC chairman Deepak Parekh’s son Aditya Parekh and his investment banker friend Sameer Shroff. True North was established in 1999 with a focus on investing in mid-sized profitable businesses across diverse sectors. True North was formerly known as India Value. It has launched five separate investment funds with a combined corpus of over $2 billion.
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Care Health, which posted a gross premium of ₹2,560 crore for FY21, 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. Care Health Insurance had clocked a Gross Written Premium (GWP) of Rs 2325 crore in FY19-20.
Care Health Insurance Company has market share of 4% in health insurance companies in India.
Care Health Pre IPO Share Price is likely to go up once IPO details are announced.
News and IPO Updates
Star Health and Allied Insurance Company Ltd present in General Insurance share price is around Rs 750.
The New India Assurance Company Ltd also in General Insurance trades at around Rs 100.