Care Health Insurance (formerly known as Religare Health Insurance Company Limited) is an Indian health insurance company that offers a range of health insurance products to individuals and groups. The company provides insurance coverage for medical expenses, hospitalization, critical illness, and more.
The health insurance industry in India has been growing rapidly, and Care Health Insurance is one of the leading players in the market. The company has a strong focus on customer service, and its products are designed to provide comprehensive coverage and affordable premiums.
In terms of its future, Care Health Insurance is expected to continue to grow and expand in the coming years. The company is investing in technology and digital platforms to enhance its operations and improve the customer experience. Additionally, the ongoing COVID-19 pandemic has increased awareness of the need for health insurance, which is expected to drive demand for the company’s products.
As of the financial year 2020-2021, Care Health Insurance reported a gross written premium (GWP) of approximately INR 1,893 crores (equivalent to about $252 million USD). The company’s net profit for the same period was approximately INR 28 crores (equivalent to about $3.7 million USD). These financial figures indicate that Care Health Insurance is a profitable company with a strong presence in the Indian health insurance industry.