Religare Health Insurance Company Limited

Religare Health Insurance is an Indian health insurance firm established in June 2012, by Religare enterprise limited[1], Union Bank of India and Corporation Bank. The company is headquartered in Gurgaon, Haryana and operates out of 146 offices across India with 6000+ employees. The company 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.[2]

Religare Health Insurance
IndustryHealth Insurance
Founded2012
Headquarters
New Delhi
Area served
India
Key people
Mr. Anuj Gulati
Websitehttps://www.religarehealthinsurance.com/

Anuj Gulati is the present Managing Director and CEO of the company.[3]

History

Religare Health Insurance has been a joint venture of Religare Enterprise Private ltd.[4], Union Bank of India and Corporation Bank from 1990 onward. It got its IRDA approval in June 2012 and has been among the five private sector insurers to underwrite policies exclusively in health, personal accident and travel insurance segments.[5]

Company Overview

Religare Health Insurance had a claims settlement ratio of 92.58% [6] for FY19. Its distribution channel includes digital direct to consumer, banks, NBFCs, individual agents, brokers, web aggregators, corporate agents, rural banking and others.

Products & Services

The Company offers the following type of health & travel insurance plans:

News

On April 9th 2017 Religare Enterprises Ltd announced the sale of its 80% stake in Religare Health Insurance Co. Ltd (RHI) to a group of investors led by True North.[7] In a statement, Religare Enterprises said it has entered into a definitive agreement with the investors for the sale, which values the insurance firm at Rs. 1,300 crore. The deal will fetch Religare approximately Rs. 1,040 crore.

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References
  1. "Religare Enterprises Limited".
  2. "About Religare Health Insurance".
  3. "Religare Health Insurance CEO on the group's new projects and more". www.businesstoday.in. Retrieved 2019-02-11.
  4. "Religare Enterprises Limited".
  5. "Malvinder and Shivinder Singh exit Religare Health Insurance | Forbes India". Forbes India. Retrieved 2017-08-10.
  6. "Claim settlement ratio". Retrieved 2020-01-17.
  7. Dhanjal, Swaraj Singh (2017-04-09). "Religare sells 80% stake in health insurance arm to True North, others". www.livemint.com. Retrieved 2017-08-24.
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