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CARE HEALTH LTD Logo

CARE HEALTH LTD

Last Traded Price

₹149.00 ( 0.00 % )

Principles

Company Name

CARE HEALTH LTD


ISIN No.

INE119J01011


No. of Outstanding Shares

973124829


PAN No.

AADCR6281N


Face Value

₹ 10.00


EPS

₹3.13


PE ratio

54.31


P/S Ratio

33.16


Market Capitalization (in Cr)

₹16543.12


Book value

₹22.30


P/BV

7.62


DRHP Filed?

No


Available on

NSDL CDSL


Sector

INSURANCE


CIN

U66000DL2007PLC161503


Registration Date

April 2, 2007


Stock Performance

Stock Price Over Time

Share Details

Company Snapshot

Care Health Insurance Ltd is a large standalone health insurer in India, with strong financials, a wide product suite, and national reach. It has earned industry recognition, though it faces mixed customer feedback and some regulatory scrutiny recently.

Overview & Background

Originally established in 2007 in New Delhi as Religare Health Insurance Company Ltd, it was rebranded to Care Health Insurance Limited (CHIL) in August 2020.

It operates nationally in India and is a subsidiary of Religare Enterprises Limited

Products & Services

  • Individual & family health insurance, including maternity, top-up, personal accident, critical illness, and AYUSH (Ayurveda, Yoga, Unani, Siddha, Homeopathy) plans.
  • International travel insurance and group coverage (health and accident) for corporate clients.
  • Micro insurance products for rural markets and a suite of wellness services.)

Scale & Reach

  • Over 9 crore lives covered since inception, with more than 4.8 million claims settled so far.
  • A network of 19,000–24,800+ hospitals offering cashless facilities nationwide.
  • Presence in 1,700+ locations and 158 branches across India, with over 8,500 employees.

Innovation & Recognition

  • Focus on digital-first experience, value-based services, and wellness programs
  • Innovative features:
    • Premium payback
    • No-claim bonuses
    • Customizable health plans
  • Awards:
    • Claims Service Leader of the Year (India Insurance Summit & Awards 2024)
    • Best Health Insurer – Rural Sector (2024)
    • Smart Insurer & Sales Champion (ET Now, 2024)
    • Best Health Insurance Plan – Care Plus (Global Financial Planner’s Summit 2024)

Industry Outlook

Market Size & Growth

  • The Indian health insurance industry’s Gross Written Premiums (GWP) are projected to grow from ₹1.3 lakh crore in 2024 to ₹2.0 lakh crore by 2028, implying a CAGR of ~12.8%.
  • As of FY 2024–25, standalone health insurers (SAHIs) collected around ₹38,400 crore in premiums, up nearly 16% year-on-year. Their share of non life GWP now exceeds 12.5%.
  • In FY 2023–24, the SAHI segment premium rose by 26.2%, from ₹26,243 crore to ₹33,115 crore, while overall non-life grew ~13% to ₹2.9 lakh crore.
  • Industry data suggests SAHIs grew roughly 2× faster than general insurance firms in premium growth.
  • For FY 2026, SAHIs aim for ~20% growth, backed by ongoing momentum in retail health and rising premium ticket sizes (₹ crore policies).

Key Growth Drivers

  • Medical inflation is estimated at ~13–14% p.a., pushing up premium renewal rates and plan limits. Many users report renewal hikes of 20–40%, particularly post age 60.
  • IRDAI reforms effective April 2024—lifting the 65-year entry cap and mandating coverage for severe illnesses (e.g. cancer, heart or renal failure)—are expanding the insured base, especially older and high-risk individuals. Insurers can adjust premiums for such cases.
  • Government schemes (Ayushman Bharat/PM JAY and several state-level programs) now provide coverage of up to ₹5 lakh (some states higher), complementing retail health growth in the ₹10–20 lakh+ coverage bracket.
  • Digital platforms (PolicyBazaar, UPI-based payments, telemedical features) and AI/ML-led claim automation are compressing costs and enabling tailored high-ticket insurance offerings.

Summary: Health insurance in India is firmly on an expansion trajectory in ₹ terms, with SAHIs consistently outpacing the broader non-life industry—driven by regulatory reforms, digital maturation, inflation dynamics, and rising health awareness. Continued innovation in digital and preventive insurance could unlock untapped markets, especially in rural and older population segments.

Latest Shareholding Pattern

Shareholder No. of Shares % Holding
Promoters (chiefly Religare Enterprises Ltd.) 81,77,31,392 83.94%
Others / Public 15,64,53,068 16.06%
Total 97,41,84,460 100%