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  • Care Health Insurance Unlisted Shares Essentials

Discover and get complete analysis on Reliance Retail upcoming IPO unlisted shares - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and latest updates.

ISIN

INE957N01016

Face Value

₹10.00

Total Share

72,79,49,069

Total Income

₹322.86 Cr

Profile After Tax

₹102.23 Cr

Promoter Holding

₹88.95 %

EPS

₹1.22

Book Value

₹8.04 Cr

Intrinsic Value

₹64.41

Sector

Financials

Sub-sector

Insurance

Category

Upcoming IPO

Cashflow - Operations

₹379.21 Cr

Cashflow - Financing

₹337.40 Cr

Care Health Insurance Growth

Compounded Sales Growth

  • 15.72%

    1 Year

  • 10.88%

    2 Year

  • 165.89%

    4 Year

Pro Only

Compounded Profit Growth

  • 55.72%

    1 Year

  • 34.02%

    2 Year

  • 162.59%

    4 Year

Pro Only

Return On Equity

  • 10.70%

    1 Year

  • 8.79%

    3 Year

  • -2.90%

    4 Year

Pro Only

About Care Health Insurance

  • Care Health Insurance company Limited(renamed from Religare Health Insurance) was incorporated on July 2012 headquartered in Gurugram, Haryana.
  • It was the insurance arm of Religare Enterprise limited which is a specialized Health Insurer offering health insurance services to employees of corporates,
  • Care health Insurance is marketed by a team behind the hospital chain known as Fortis Health Care which is one of the six standalone health insurers in India.
  • The organization has been nominated the ‘Best Health Insurance company’ at ABP News-BFSI Awards & ‘claims service leader of the year.
  • In June 2020, Kedaara Capital Fund II LLP, acquired a further stake in Care Health for a total of₹567 Crores i.e. by primary capital infusion of ₹300Crores and purchasing 6.39% stake for a consideration of 267 Crores from existing shareholders. Stake increased to 72.02%.

  • Care Health Insurance Revenue Segmentation

  • Revenue from operations
  • Income From Investments
  • Revenue from operations and investments
  • Other Income
  • Care Health Insurance Product & Services

Health Insurance:

  • Comprehensive family health insurance
  • Diabetes Health insurance
  • Heart disease insurance
  • Senior Citizen insurance
  • Arogya Sanjeevani insurance
  • Cancer care
  • Critical illness Mediclaim

Travel insurance:

    • International travel insurance
    • International health and travel insurance for Students

    Corporate Insurance:

    • Group Mediclaim insurance policy for employees
    • Personal accident cover for employees with global
    • coverage
    • Group travel insurance for employees
    • Care Health Insurance Industry Overview

    Industry Statistics

    • The health insurance industry in India is the fastest growing segment in the non-life insurance sector. The market witnessed a robust double-digit growth of 24% in FY 17, with a market share of 24%, in the entire non-life insurance sector.
    • The health insurance industry is at an embryonic stage, with roughly 25% of the population under its coverage. There exists a huge potential for growth and penetration of health insurance to a larger population. Additionally, there are both opportunities and restraints in the marketing and distribution of health insurance products in India.
    • The launch of National Health Protection Scheme under Ayushman Bharat, in September 2018, in order to provide coverage of up to INR 500,000 (USD 7,723) to more than 100 million vulnerable families, holds heavy expectations, which increases penetration of health insurance in India, from nearly 34% to 50%.
    • Increasing awareness in the healthcare sector, owing to the growing healthcare costs and higher inflation in medical cost will be a potential driver in the growth of Health insurance industry.
    • With the advent of unforeseen pandemic (Covid-19), people are now more conscious about their health, which is influencing them to purchase medical insurance, renew their insurance or increase the sum assured of the medical insurance.

    Care Health Insurance Strengths

    • Strong brand name with diversified products and services and providing almost all kind of Health Insurance.
    • The company has made significance progress in no time and is already operating out of 74 offices with employee strength of more than 2200 people with a network of 7800+ hospitals providing cashless medical services across the globe.
    • The Revenue from all operations have increased at a rate of 55.16% in the last 4 years.
    • Outstanding growth in operating profit, which witnessed a growth of 300% in last 4 years.
    • Gross written Premium has increased by more than 7 times in last 5 years.
    • Claim and settlement are super easy because of personal assistance and non-involvement of third party.
    • Products of the company is designed by keeping only one aspect in the mind and that is Convenience of the customers.

    Care Health Insurance Shortcomings

    • ASM to RSM of Care, which is metric of Solvency for insurance companies has not shown any improvement over the last 4 years, currently at 155%
    • Net incurred claims when compared to net written premium has been increasing each year, currently at 59%.
    • Net retention ratio is below the average when compared to other medical insurance companies, currently at 31% compared to industry average of 68%.
    Care Health Insurance Rating

      • Care Health Insurance Detail Info

      Industry Statistics

      PUBLIC LIMITED

      Registered In

      India

      last Updated

      22/07/2020

      Registered Date

      16/12/1991

      Stock Exchange Ticker

      CHIL

      Reg Office: 1st Floor, P-14, 45/90, P-Block, Connaught Place, New Delhi – 110001

      Website: http://www.Carehealthinsurance.com/