Care Health Insurance Unlisted shares

Care Health Insurance Pre IPO About Care Health Insurance ● Care Health Insurance company Limited(renamed from Religare Health Insurance) was incorporated in 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.

Care Health Insurance Industry Overview The health insurance industry in India is the fastest growing segment in the non-life insurance sector. Get info on Care Health Insurance Unlisted shares before buying, selling & investing - Read our Research report on Care Health Insurance.

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 the 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.

Contact Details : Name :

Planify Consultancy India Private Limited

Address :

91 Springboard NH8-Udyog Vihar, 90B, Sector 18, Gurugram, Haryana

Website :

https://www.planify.in

Phone No :

7065560002