Religare Health Insurance Company Limited

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

Religare Health Insurance Company Limited is an Indian health insurance firm established in July 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]

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

History[edit]

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 July 1982 and has been among the five private sector insurers to underwrite policies exclusively in health, personal accident and travel insurance segments.[5]

Company Overview[edit]

Religare Health Insurance has approximately covered 75,90,946 lives as on 31 Oct'19. Its distribution channel includes digital direct to consumer, banks, NBFCs, individual agents, brokers, web aggregators, corporate agents, rural banking and others.

A wide hospital network is available to quality treatment at more than 7340+ leading hospitals across the country.

Products & Services[edit]

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

Awards[edit]

Religare Health Insurance Company won the following awards:

‘Editor’s Choice Award’ by Finnoviti for ‘Innovation in Product– Care’ in 2013.[6]

'Rising Star Insurer' by Indian Insurance Awards in 2014.[7]

‘A’ Rate Health Insurance by Mint Mediclaim Ratings in 2014.[8]

'Best Health Insurance Company' by ABP News BFSI in 2015.[9]

'Best Social Media Initiative Of The Year' by Fintelekt in 2016.[10]

'India’s Most Preferred Travel Insurance' by IMP Travel Brand Awards in 2018.[11]

'Best Claim Service Provider of the Year' by Insurance India Summit & Awards in 2018.[12]

'Micro Insurance Award 2018 by Skoch Awards in 2018.[13]

'India's Most Preferred Travel Insurance Product' by UBM Group in 2018.[14]

'India's Most Preferred Travel Insurance Product' by UBM Group in 2018.[15]

‘Best Travel Insurance’ Award in 2018 at 5th edition of 'The India Travel Awards’.[16]

'Health Insurance Products Award' at The FICCI Healthcare Excellence Awards 2019.[17]

News[edit]

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.[18] 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.

References[edit]

  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. ^ "Religare Enterprises: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Religare Enterprises - NDTV". www.ndtv.com. Retrieved 2018-07-30.
  7. ^ "Religare Health Insurance is the 'Rising Star Insurer – Health Insurance' at "The Indian Insurance Awards 2014"". Retrieved 2018-07-30.
  8. ^ "Religare Enterprises: Reports, Company History, Directors Report, Chairman's Speech, Auditors Report of Religare Enterprises - NDTV". www.ndtv.com. Retrieved 2018-07-30.
  9. ^ "BEST HEALTH INSURANCE COMPANY".
  10. ^ "Social Media Initiative of the Year" (PDF).
  11. ^ "Religare Health Insurance Awarded - 'India's Most Preferred Travel Insurance Product' | City Air News". www.prnewswire.com. Retrieved 2018-07-30.
  12. ^ "3rd Annual Insurance India Summit & Awards 2018 - Bimabazaar.com-Insurance Articles, Insurance News, Insurance Books, Insurance Magazine, IRDA Exam". Bimabazaar.com-Insurance Articles, Insurance News, Insurance Books, Insurance Magazine, IRDA Exam. 2018-07-11. Retrieved 2018-07-30.
  13. ^ "Micro Insurance Award 2018". www.skoch.in. Retrieved 2018-07-30.
  14. ^ "Religare Health Insurance Awarded - 'India's Most Preferred Travel Insurance Product'".
  15. ^ "Religare Health Insurance Awarded - 'India's Most Preferred Travel Insurance Product'".
  16. ^ "Religare Health Insurance gets 'Best Travel Insurance' award".
  17. ^ "Health Insurance Products Award".
  18. ^ 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.