Care Health Insurance Company Unlisted Shares

Buy Care Health Insurance Unlisted Shares

 About Company:

Care Health Insurance (CHI), the health insurance arm of Care Health Insurance Limited (CHIL)(formerly known as Religare Health Insurance Company Limited), is a specialized Health Insurer offering health insurance services to employees of corporates, individual customers and for financial inclusion as well. With CHI’s operating philosophy being based on the principal tenet of ‘consumer-centricity’, the company has consistently invested in the effective application of technology to deliver excellence in customer servicing, product innovation, and value-for-money services.

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.

The organization has been adjudged the ‘Best Health Insurance Company’ at the ABP News-BFSI Awards & ‘Best Claims Service Leader of the Year – Insurance India Summit & Awards. Care Health Insurance has also received the ‘Editor’s Choice Award for Best Product Innovation’ at Finnoviti and was conferred the ‘Best Medical Insurance Product Award’ at The FICCI Healthcare Awards.

Business Performance:

In the financial year ended March 2021, Care Health Insurance Gross Domestic Premium Income (GDPI) rose to Rs. 2,559.75 Crores from Rs. 1,975.97 Crores, (excluding Ayushman Bharat) registering a growth of
29.5 % over financial year 19-20 . Including Ayushman Bharat, these figures were Rs. 2,559.75 Crores, Rs. 2,388.99 Crores and 7.1% respectively.

Care Health Insurance Profit After Tax (PAT) for the year increased to Rs. 102.23 Crores, registering a growth of 55.7 %. Solvency ratio was at 2.45, one of the highest in the industry and significantly above the
minimum regulatory requirement of 1.50x. The combined ratio as on March 31, 2021 is 93%.

The Networth of Care Health Insurance at the end of financial year March 31, 2021 is Rs. 1,037.16 Crores. Care Health Insurance 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. There are around 9,904 permanent employees in the Care Health Insurance.

The agent strength, which is back bone of Care Health Insurance distribution, has increased from 1,32,474 to 1,69,183 as compared to last financial year
Source – Annual Report FY 2020-21


Future Outlook:

Due to COVID-19 pandemic, the awarenesslevel for health insurance has increased which is also reflected in the industry growth.
Care Health Insurance expects the growth level will continue which have been seen in recent past. In order to achieve growth objectives, Care Health Insurance plans to focus on increasing its distribution footprint through various Channels such as Agency, Banks, Brokers, Digital, Online etc. and shall emphasize distribution in all these channels through digital properties.
Source – Annual Report FY 2020-21

Board Composition


care health insurance unlisted shares
Source – Annual Report FY 2020-21

Products:


care health insurance unlisted shares

 Care Health Insurance Unlisted Shares Details

NameCare Health Insurance Limited Unlisted Share
Former NameReligare Health Insurance Co. Ltd Unlisted Shares
Face ValueRs.10
ISIN CodeINE119J01011
PANAADCR6281N

 Care Health Insurance Financials

Financial in Crores unless specifically mentioned
Paticulars2020-212019-20
Gross Written Premium2588.022409.01
Net Written Premium1980.831626.02
Net Earned Premium1729.471508.45
Net Incurred Claims953.82891.94
Profit/(Loss) before tax75.4865.89
Profit/(Loss) after tax102.2265.65
EPS (In INR)1.260.93

 Care Health Insurance Unlisted Share Price

*Rates mentioned in the chart are indicative.

 Care Health Insurance Unlisted Shares Valuation (Market Capitalisation)

Total Number of Outstanding Shares: 8,410,422 (As per Annual Report FY 2020-21)

Market Cap Scenarios:

At 120 Rs/Share, Care Health Insurance Unlisted Shares values the company at approx. Rs. 10,092 crores.

This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Care Health Insurance unlisted shares.

At 150 Rs/Share, Care Health Insurance Unlisted Shares values the company at approx. Rs. 12,156 crores.

This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Care Health Insurance unlisted shares.

At 180 Rs/Share, Care Health Insurance Unlisted Shares values the company at approx. Rs. 15,138 crores.

This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of Care Health Insurance unlisted shares.

 Care Health Insurance Shareholding

Source: Annual Report 2020-21

 Care Health Insurance Annual Reports

 Care Health Insurance News

 FAQ for Care Health Insurance Unlisted Shares

How to buy Care Health Insurance Unlisted Shares?

Process of Buying Care Health Insurance Unlisted Shares

  1. Get connected with us and inquire for Care Health Insurance Unlisted shares
  2. We will quote the current prevailing market rates of the shares (Subject to availability)
  3. If you agree on the rate and quantity, we will send our bank details. (Please note, we accept payment only through bank)
  4. Buyer transfers the fund in our bank account and buyer also need to send their demat details (for initiating share transfer process)
  5. Post receiving funds and demat details, we initiate transfer of Care Health Insurance Unlisted Shares. The shares usually gets transferred on same/next working day in your demat account
  6. For detailed buying process, refer here

What is the minimum lot size for buying Care Health Insurance Unlisted Shares?

The minimum lot size for investing in Care Health Insurance Unlisted Shares is 100 Shares.

What is the lock-in period for Care Health Insurance Unlisted Shares?

The Lock-in period for Care Health Insurance Unlisted Shares will be Six Months. The Lock-in period starts from the date of IPO allotment. (According to SEBI Regulations)

Is buying Unlisted Shares of Care Health Insurance Company Limited Legal?

Yes, buying Care Health Insurance Unlisted Shares is completely legal.

How to check price of Care Health Insurance Company Limited Unlisted Shares?

You can regularly check the updated price of Care Health Insurance Unlisted Shares at our Website and on our Telegram Channel

When can we expect IPO of Care Health Insurance Company Limited?

The Company has started processing its papers for its IPO as per the market buzz. We can expect IPO in short to medium term.

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