Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares

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

Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares Details:

Total Available Shares:	500
Face Value:	₹ 10 Per Equity Share
ISIN:	INE119J01011
Lot Size:	100 Shares
Current Unlisted Share Price:	₹ 150 Per Equity Share

Promoters And Management:

Religare Enterprise holds 67% stakes in Care Health Insurance

Shareholding Pattern:

1. Religare Enterprise Limited - 61,73,92,749 (88.46%) 2. Union Bank of India - 2,44, 28,900 (3.50%) 3. Corporation Bank - 1,97,77,087 (2.834%) 4. Private Corporate Bodies - 8,889,536 (1.27%) 5. NRI - 2,69,50,152(3.86%) 6. Individual - 4,38,190

Financials of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares:

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
2021-22	341	325	11	90.8	0.12

Gross Earned Premium is the most important metric in the Insurance sector. The companies are valued based upon this factor.

Year	Gross Earned Premium (Cr.)				Total
Year	Q1	Q2	Q3	Q4	Total
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

Care Health Unlisted Shares FY22 Results

Particulars (in Cr.)	Mar-22	Mar-21
Operating Income
Premiums earned	2510	1729
Profit/ Loss on Sale of Investments	3.6	0.19
Interest, Dividend & Rent	128	103
Total Operating Income	2641	1832
Operating Expenses
Claims Incurred	1633	953
Commission	110	26
Other Operating Expenses	1070	721
Premium Deficiency	-136	11
Total Operating Expenses	2678	1812
Operating Profit	-35	22
Other Income	51	52
Profit Before Tax	16	74
Tax Expenses	4	-27
Profit After Tax	11	101

Note: Care Health has posted a decline of 90% in the profit due to high claims occurred due to COVID-19. This is the same situation across the Industry. However, if you the check the Gross Written Premium, It has increased by 50% in FY22 as compared to last year. Valuation of Care-Health Unlisted Shares Care-health Unlisted Share Price = 150 (28-08-2022) Total Shares Outstanding = 90.8 Crores Mcap = ~13620 Crores The valuation looks Reasonable. Religare Health Annual Report 2022 Religare Health Annual Report 2021 Religare Health Annual Report 2020 Religare Health Annual Report 2019

Frequently Asked Questions:

Please find below the procedure for buying Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares at UnlistedZone.

1. You confirm booking of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares is 6 months after listing. Hence you can’t sell Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares.
2. We will give you our client master report and you will transfer the Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares.
2. AIF-II - There is no locking period.
3. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

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.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares.
- b. Name of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares
- c. Quantity of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

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?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

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.

"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."

We at UnlistedZone do the valuation based on 2 methods.

1. We check the last funding that is being done in the Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

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.

Discussion on Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares:

20 Comments

Umesh Paliwal

1:26 PM, 17 November 2021

Care Health 6MFY22 Results
https://unlistedzone.com/wp-content/uploads/Care.jpeg

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charanjit Singh

7:34 AM, 11 March 2021

I am interested to buy shares plz tell procedure and price of share on date .

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SAANJHInvestMart

9:55 PM, 10 April 2021

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

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Market Wizard

5:23 AM, 1 September 2020

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

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Ram Parkash Dhingra

6:41 AM, 21 July 2020

I want to buy 500 share unlisted of your company Religare Health insurance. How can apply kindly mail me

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SUBHAJIT BISWAS

6:05 PM, 5 August 2020

What is the CMP for buying 1000 Shares?

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Market Wizard

2:43 AM, 6 August 2020

82 per share

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SAANJHInvestMart

9:56 PM, 10 April 2021

Hi

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M.satyanarayana

3:54 AM, 9 July 2020

Wanted

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Market Wizard

11:17 AM, 9 July 2020

Please drop an email at sales@unlistedzone.com with your requirement.

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Hardik21

12:24 PM, 18 June 2021

Please contact.

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Umesh Paliwal

2:10 AM, 19 June 2021

You want to buy or sell shares?

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Market Wizard

6:55 AM, 3 June 2020

Kedaara Deal completed today-

https://dyvmwwyqozzzb.cloudfront.net/main/791c4b76-f56f-49c1-a1a9-7011d8ed750c.pdf

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Market Wizard

11:28 AM, 18 March 2020

Financials of Religare Health Insurance can be accessed at:

https://www.religarehealthinsurance.com/public-disclosures.html

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PRE IPO SHARES

7:50 AM, 7 February 2020

Religare to sell 6.8% stake in arm Religare Health Insurance for consideration of Rs. 200 Cr.

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Market Wizard

10:51 AM, 7 February 2020

Nice!!

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Market Wizard

5:28 AM, 19 February 2020

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/

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Market Wizard

7:07 AM, 7 February 2020

Latest Stake sale news:

https://unlistedzone.com/stake-sale-in-religare-health-insurance-by-rel-07-02-2020/

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Market Wizard

4:40 AM, 26 October 2019

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/

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Market Wizard

7:06 AM, 19 May 2019

Religare Insurance Premium comparison YoY

https://dyvmwwyqozzzb.cloudfront.net/main/1.jpeg

Financials of Religare for 2018-19

https://dyvmwwyqozzzb.cloudfront.net/main/Religare-Copy-1.png

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Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares

Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares Details:

Promoters And Management:

Shareholding Pattern:

Financials of Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares:

Frequently Asked Questions:

Discussion on Care Health (Previously Religare Health) Insurance Company Limited Unlisted Shares:

20 Comments

Umesh Paliwal

charanjit Singh

SAANJHInvestMart

Market Wizard

Ram Parkash Dhingra

SUBHAJIT BISWAS

Market Wizard

SAANJHInvestMart

M.satyanarayana

Market Wizard

Hardik21

Umesh Paliwal

Market Wizard

Market Wizard

PRE IPO SHARES

Market Wizard

Market Wizard

Market Wizard

Market Wizard

Market Wizard

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