About Care Health (Previously Religare Health) Insurance:
(i) Care Health (Previously Religare Health) Insurance, the health insurance arm of Religare Enterprises Limited (REL), is a specialized Health Insurer offering health insurance services to employees of corporates, individual customers, and financial inclusion as well. RHI commenced business in 2012 and currently has three major shareholders – Religare Enterprises Limited, Union Bank of India and Corporation Bank.
(ii) Care Health (Previously Religare Health) Insurance 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.
Health Insurance Sector:
(i) The total size of Health Insurance in India stands at 50,891 Crores in FY 18-19, up by 18.3% from last year. There are three categories of health insurance providers in India.
a) Public Sector Institutions (53% market share)
b) Private Institutions (~23.5% market share )
c) Stand-alone insurers (~23.5% market share )
However, in terms of retail policies, Stand Alone Health Insurance Companies (SAHI) have the biggest share of 44%. and Religare Health Insurance falls under this category.
(ii) Care Health (Previously Religare Health) Insurance is a SAHI and ranks number 6 overall and number 3 in GDP.
(iii) Care Health (Previously Religare Health) Insurance is servicing over 700 locations across the country with a network of 110 plus branches and 9,450 plus hospitals. It has a product bouquet of 18 products encompassing group, travel, and fixed benefits to serve varied customers.
(iv) The company is highly customer-centric with a low grievance rate of two complaints per 10,000 policies and has a claim settlement ratio of 93%. The combined ratio of the company stands at 97%. RHI has also won various awards like – ‘Best Claims Service Provider of the Year’, ‘Bancassurance Leader of the Year 2018’ by Insurance India Summit & Awards 2018, ‘India’s Most Preferred Travel Insurance’ by IMP Travel Brand Awards 2018, etc.
(v) Care Health (Previously Religare Health) Insurance is marketed by a team behind the hospital chain known as Fortis Health Care. It is one of six standalone health insurers in India.
Big Announcement by ICICI Securities (30 April 2019):
ICICI Securities, one of India’s leading financial products distributor, announced that it has partnered with Religare Health Insurance to distribute the latter’s health insurance products. The products would be distributed on ICICI Securities award-winning platform I- Sec. Further, the company’s 200+ retail outlets spread across the country would also be involved in distributing the products. This is the first pure-play health insurance company with which ICICI Securities have tied up.
Business Performance
1. In the financial year ended March 2021, Care Health Gross Domestic Premium Income (GDPI) rose to Rs. 2,559 Crores from Rs. 1,975 Crores, (excluding Ayushman Bharat) registering a growth of 29.5 % over financial year 19-20.
2. Profit After Tax (PAT) for the year increased to Rs. 102 Crores, registering a growth of 55.7 %.
3. Solvency ratio was at 2.45, one of the highest in the industry and significantly above the minimum regulatory requirement of 1.50x. This shows that company is well capitalised.
4. The Company has launched a few new products, namely, Care Advantage, Arogya Sanjeevani, Corona Kavach, Covid Care, Group Care 360, Care Shield Add- on, Explore V2.
5. During the last year 4 new branches were opened and total count of branches is 158. There are around 9,904 permanent employees in the Company. The agent strength, which is back bone of any insurance company has increased from 1,32,474 to 1,69,183 as compared to last financial year.
6. Care Health Insurance has tied up with more than 16,000 healthcare network providers to facilitate cashless services to its customers.
Raises funds in FY20-21
1. Care Health has raised Rs. 337 Crores by allotting 7,98,67,980 Equity Shares of Rs. 10 each on preferential allotment/ private placement basis to M/s Trishikhar Ventures LLP and a few other shareholders at a premium of Rs. 27.89/- per equity share.
2. Care Health has also issued 3.32 Crores of ESOPs.
Financial Results of FY20-21
Particulars (Cr) | March-21 | March-20 |
Revenue- from Operation | 262 | 256 |
Revenue- from Investment | 56 | 21 |
Other Income | 0.8 | 3.5 |
Total Revenue | 322 | 278 |
Total Expenses | 247 | 213 |
PAT | 102 | 65 |
Valuation of Care-Health Unlisted Shares
Care-health Unlisted Share Price = 155 (27-04-2022)
Total Shares Outstanding = 84.1 Crores
Mcap = ~13,035 Crores
The valuation looks Reasonable.
Total Available Shares: | 500 |
Face Value: | ₹ 10 Per Equity Share |
ISIN: | INE119J01011 |
Lot Size: | 100 Shares |
Current Unlisted Share Price: | ₹ 165 Per Equity Share |
Year | Revenue(cr) | Expense(Cr) | PAT(cr) | Equity(Cr) | EPS |
2019-20 | 278 | 213 | 65 | 72.7 | 0.89 |
2020-21 | 322 | 247 | 102 | 84.8 | 1.21 |
Year | Gross Earned Premium (Cr.) | Total | |||
Q1 | Q2 | Q3 | Q4 | ||
2017-18 | 188 | 202 | 217 | 296 | 903 |
2018-19 | 280 | 342 | 447 | 445 | 1514 |
2019-20 | 423 | 719 | 588 | 594 | 2325 |
2020-21 | 413 | 727 | 615 | 804 | 2550 |
2021-22 | 743 | 934 | 971 | 1232 | 3881 |
Particulars (in Cr.) | Dec-21 | Dec-20 |
Operating Income | ||
Premiums earned | 1,741 | 1,161 |
Profit/ Loss on Sale of Investments | 3.08 | 1.12 |
Interest, Dividend & Rent | 92 | 76 |
Total Operating Income | 1,837 | 1,239 |
Operating Expenses | ||
Claims Incurred | 1,303 | 713 |
Commission | 66 | 12 |
Other Operating Expenses | 728 | 501 |
Premium Deficiency | -136 | 20 |
Total Operating Expenses | 1,961 | 1,247 |
Operating Profit | -124 | -8 |
OPM | -6.75% | -0.64% |
Other Income | 46 | 44 |
Other Expenses | ||
Expenses other than those related to Insurance Business | 3.51 | 3.74 |
CSR Activities | 1.00 | 0.53 |
Foreign Exchange Loss/(Gain) | 0.67 | 0.93 |
Total Expenses | 5.18 | 5.45 |
Profit Before Tax | -83 | 31 |
Tax Expenses | -23 | 0 |
Profit After Tax | -60 | 31 |
Please find below the procedure for buying Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares at UnlistedZone.
Please find below the procedure for selling Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares at UnlistedZone.
Lock-in period of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares depends upon category of investors.
DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.
In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares then minimum investment would be 35-50k.
Yes, buying and selling of unlisted shares in India is 100% legal.
If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.
If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.
After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.
If you buy Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.
Check credit of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares Instantly?
The Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.
The price of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.
If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.
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We at UnlistedZone do the valuation based on 2 methods.
As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.
We source shares either from the employees or initial investors looking to liquidate their Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares.
Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares in the unlisted market itself.
Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.
For tracking news and other information about Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.
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Umesh Paliwal
Care Health 6MFY22 Results
https://unlistedzone.com/wp-content/uploads/Care.jpeg
charanjit Singh
I am interested to buy shares plz tell procedure and price of share on date .
SAANJHInvestMart
Hi,
It will be great if you can share your contact number in order to let you know the detailed legal process for the same
Market Wizard
1. Religare Health Insurance has clocked a GWP of 2325 Crores in FY19-20.
2. Generally, we give 2-2.5x Mcap/GWP when we value the insurance business, off-course with other factors to be considered.
3. Current Market price = 110
Total Equity as on 31.03.2020= 72.79 Crores
Mcap = 8000 crores.
4. Mcap/GWP = 3.44x
Ram Parkash Dhingra
I want to buy 500 share unlisted of your company Religare Health insurance. How can apply kindly mail me
SUBHAJIT BISWAS
What is the CMP for buying 1000 Shares?
Market Wizard
82 per share
SAANJHInvestMart
Hi
M.satyanarayana
Wanted
Market Wizard
Please drop an email at sales@unlistedzone.com with your requirement.
Hardik21
Please contact.
Umesh Paliwal
You want to buy or sell shares?
Market Wizard
Kedaara Deal completed today-
https://dyvmwwyqozzzb.cloudfront.net/main/791c4b76-f56f-49c1-a1a9-7011d8ed750c.pdf
Market Wizard
Financials of Religare Health Insurance can be accessed at:
https://www.religarehealthinsurance.com/public-disclosures.html
PRE IPO SHARES
Religare to sell 6.8% stake in arm Religare Health Insurance for consideration of Rs. 200 Cr.
Market Wizard
Nice!!
Market Wizard
EGM Notice to issue shares and many more other activities.
https://unlistedzone.com/religare-health-insurance-egm-on-13-03-2020-at-delhi-19-02-2020/
Market Wizard
Latest Stake sale news:
https://unlistedzone.com/stake-sale-in-religare-health-insurance-by-rel-07-02-2020/
Market Wizard
Religare Health Insurance Company Limited Right issue
The Board of Directors in its meeting held on February 14, 2019, authorized the Company to raise capital up to an amount of Rs. 150 crores in one or more tranches and further Allotment Committee through its circular resolution dated October 23, 2019 approved the Letter of offer to raise capital by issue of equity shares up to an amount of Rs. 34 crores, at an issue price of Rs.10/- per equity share to existing shareholders in their existing proportion.
The more details can be accessed at:
https://unlistedzone.com/religare-health-insurance-limited-right-issue-27-10-2019/
Market Wizard
Religare Insurance Premium comparison YoY
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Financials of Religare for 2018-19
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