Care Health Insurance

Company Overview Started in 2007, Care Health Insurance (formerly Religare Health Insurance) has emerged as one of the fast growing health insurance companies of India. The company boasts the highest claim settlement ratio (95.2%). During FY 2021, Kedaara Capital, a domestic private equity firm, invested ₹ 567 crores in the company. Care Health Insurance has been awarded ‘Best Health Insurance Company’ by ABP-News, ‘Best Medical Insurance Product’ award by FICCI and ‘Best Claim Service Leader of the Year’ by Insurance India. The shares of the Care Health Insurance have always shown a rising trend during the past few years, starting from ₹ 22-28 (2019), ₹ 40 (2020), ₹ 130 (2021) and now trading at ₹ 200 (2022). Business Model Care Health Insurance sells personal and family health insurance, critical illness, top-up plans, maternity, personal accident, international travel and group insurance products. The company is expanding its distribution reach through branch expansion, online sales and bancassurance network. The company has a network of 158 branches and 7400 partner hospitals across India. The company has enrolled 1.69 lacs marketing agents to distribute its products as on 31-March-2021. The company has distribution tie-up with ICICI Securities, Fortis Hospital, policy bazaar to market its products. During FY 2021, the company achieved gross written premium of ₹ 2,559 crores with 29.5% growth over the last year. Registered Address The registered office of Care Health Insurance is located at 19, Chawla House, Nehru Place, New Delhi. Symbol: Religare Helath Insurance Ltd. Face Value (₹): 10 ISIN: INE119J01011 Demat Status: NSDL & CDSL Lot Size: 100 Board of Directors: Name Designation Profile Mr. Anuj Gulati MD & CEO linkedin Mr. Sham Lal Mohan Non Executive Independent Director NA Final 1 Lt. Gen. (Ret.) Shamsher Singh Mehta Non Executive Independent Director NA Final 1 Mrs. Asha Nair Non Executive Independent Director NA Final 1 Mr. Malay Kumar Sinha Non Executive Independent Director NA Final 1 Mr. Siddharth Dinesh Mehta Non Executive Independent Director NA Final 1 Dr. Rashmi Saluja Additional Non Executive Independent Director NA Final 1 Mr. Vijay Kumar Uppal Bank Nominee Director NA Final 1 Mr. Sushil Chandra Tripathi Additional Non Executive Independent Director NA Final 1 Key Highlights Care Health Insurance is India’s fastest-growing health-insurance company with 41% CAGR in gross written premium during the last 3 years. Health Insurance Sector to grow at around 22-25% you for the next few years & private health insurers growing at double speed than public sector players. Care Health claims highest solvency ratio (2.45) and claim settlement ratio (95.2%) in the industry. Backed by Reputed Investors: Kedara Capital, Union Bank of India, Corporation Bank, and NRIs. Part of Anand Rathi Group one of the India’s Leading Financial Service provider with rich experience of 25 years in wealth creation. Total Assets Under Management has grown by 44% to Rs. 26000 Crore + in FY21. Anand Rathi Wealth Management Limited have 250+ financial strategist and 5500 active clients. Return of ~13% delivered on portfolios. It is likely to come up with IPO , considering favorable market condition. Financial Highlights 2017 2018 2019 2020 CONSOLIDATED (Rs. In Crs.) 846 1329 2246 2843 Gross Premium Earned 484 680 1091 1508 Premium Earned (Net) 33 44 253 303 Other Income 517 723 1345 1811 Total Income -5 -29 241 256 Operating Profit 2.15 -16.25 56.92 65.65 PAT 0% -2% 22% 17% PAT % 0.04 -0.27 0.78 0.9 EPS 10 10 6.39 8.04 Book value 524.75 594.83 688.55 727.95 Equity Paid Up 10 10 10 10 Face Value Media Updates FEB 2020 https://www.financialexpress.com/market/religare-insurance-arms-stock-jumps-43-in-unlisted-shares-market-on-kedaara-capital-buy/1873352/ PE firm Kedaara Capital invests Rs 567.3 crores in Religare Health Insurance Homegrown private equity firm, Kedaara Capital Fund II LLP, completed the investment of Rs 567.31 crores, including primary capital infusion and purchase of 6.39% stake, in Religare Health Insurance Co Ltd on 2 June 2020. www.greymarketshare.com Read more here: https://www.livemint.com/news/india/pe-firm-kedaara-capital-invests-rs567-3-crore-in-religare-health-insurance-11591184943029.html