Religare Health Insurance Share Price

Care Health Insurance Limited Unlisted Shares (Formerly Religare Health Insurance Ltd)|Latest Share Price & Updates


₹ 172.00


₹ 200.00

Overvalued 2048x570 1

Company Overview

Started in 2007, Care Health Insurance (formerly Religare Health Insurance) has emerged as one of the fast growing health insurance companies of India. Religare Health Insurance share price has played a pivotal role in shaping the company’s journey. The company boasts the highest claim settlement ratio (95.2%). During FY 2021, Kedaara Capital, a domestic private equity firm, invested ₹ 567 crores in the company.

Care Health Insurance has been awarded ‘Best Health Insurance Company’ by ABP-News, ‘Best Medical Insurance Product’ award by FICCI and ‘Best Claim Service Leader of the Year’ by Insurance India. 

The shares of the Care Health Insurance have always shown a rising trend during the past few years, starting from ₹ 22-28 (2019), ₹ 40 (2020), ₹ 130 (2021) and now trading at ₹ 200 (2022).   

Business Model

Care Health Insurance sells personal and family health insurance, critical illness, top-up plans, maternity, personal accident, international travel and group insurance products. 

The company is expanding its distribution reach through branch expansion, online sales and bancassurance network. The company has a network of 158 branches and 7400 partner hospitals across India. The company has enrolled 1.69 lacs marketing agents to distribute its products as on 31-March-2021. The company has distribution tie-up with ICICI Securities, Fortis Hospital, policy bazaar to market its products. 

During FY 2021, the company achieved gross written premium of ₹ 2,559 crores with 29.5% growth over the last year. 

Registered Address

The registered office of Care Health Insurance is located at 19, Chawla House, Nehru Place, New Delhi.

Symbol:Religare Helath Insurance Ltd.
Face Value (₹):10
Demat Status:NSDL & CDSL
Lot Size:100

Board of Directors:

Mr. Anuj GulatiMD & CEOlinkedin
Mr. Sham Lal MohanNon Executive Independent DirectorNA Final 1
Lt. Gen. (Ret.) Shamsher Singh MehtaNon Executive Independent DirectorNA Final 1
Mrs. Asha NairNon Executive Independent DirectorNA Final 1
Mr. Malay Kumar SinhaNon Executive Independent DirectorNA Final 1
Mr. Siddharth Dinesh MehtaNon Executive Independent DirectorNA Final 1
Dr. Rashmi SalujaAdditional Non Executive Independent DirectorNA Final 1
Mr. Vijay Kumar UppalBank Nominee DirectorNA Final 1
Mr. Sushil Chandra TripathiAdditional Non Executive Independent DirectorNA Final 1

Key Highlights of Religare Health Insurance Limited & Religare Health Insurance Share Price

  • Care Health Insurance is India’s fastest-growing health-insurance company with 41% CAGR in gross written premium during the last 3 years. 
  • Health Insurance Sector to grow at around 22-25% you for the next few years & private health insurers growing at double speed than public sector players. 
  • Care Health claims highest solvency ratio (2.45) and claim settlement ratio (95.2%) in the industry. 
  • Backed by Reputed Investors: Kedara Capital, Union Bank of India, Corporation Bank, and NRIs.
  • Part of Anand Rathi Group one of the India’s Leading Financial Service provider with rich experience of 25 years in wealth creation.
  • Total Assets Under Management has grown by 44% to Rs. 26000 Crore + in FY21.
  • Anand Rathi Wealth Management Limited have 250+ financial strategist and 5500 active clients.
  • It is likely to come up with IPO , considering favorable market condition.


Operating Margin44%5%
Net Profit Margin33%3%
Return on Equity 14%1%
Current Ratio0.220.09
Dividend Payout0%0%

Note:- Dividend payout = Total Dividend/Net Income.

It indicates, how much % of its Net Income, the company is paying out as dividend to its Shareholders.

Financial Highlights

Total Income (₹ Crores) 748.80341.36322.86279.00262.48
PAT (₹ Crores) 245.8611.49102.2365.6556.92
Diluted EPS 2.610.131.240.900.86
Book Value per Share (₹) 18.5614.1913.4610.7610.20
Equity (₹ Crores) 1749.181289.201132.19783.43702.54

Financial Charts

Historical Data

Shareholding Pattern

Peer Comparison

CompanyMarket Cap (₹ Crores)Profitability Margin (%)ROCE (%)ROE (%)D/E RatioP/E RatioP/B RatioBook Value per Share (₹)
Care Health Insurance1648933%6%14%0.0067.059.4318.56
Star Health & Allied Insurance366185%13%11%0.0752.805.57113.00
New India Assurance Co Ltd214323%5%4%0.0018.300.77167.00

Media Updates

FEB 2020

PE firm Kedaara Capital invests Rs 567.3 crores in Religare Health Insurance

Homegrown private equity firm, Kedaara Capital Fund II LLP, completed the investment of Rs 567.31 crores, including primary capital infusion and purchase of 6.39% stake, in Religare Health Insurance Co Ltd on 2 June 2020.

Read more here:

Frequently Asked Questions

The buying and selling of unlisted shares and pre-IPO shares is fully legal and valid.

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The procedure to buy the Care Health Insurance unlisted shares is fairly simple. Once you have settled on the price and quantity of the transaction, you would have to transfer the funds into the bank account of the seller. 

When the funds are transferred and transaction details are shared with the seller, your demat account will be credited with the shares either on the same day of the fund transfer or before the end of the next working day. 

In the secondary market, the transactions related to unlisted shares take place with the existing owners of the shares who are generally the employees or existing investors in the company. The company itself is not directly involved.

The Care Health shares will get credited either the same day or before the end of the next working day when you transfer the funds into our bank account.

The minimum lot size varies on the basis of market conditions and demand and supply factors. To know the current lot size for Care Health Insurance Ltd unlisted shares, please visit the stock page on our website:  


There are many factors which influence the pricing of unlisted shares. Apart from the supply and demand factors, the latest transactions happened on the same stock, last funding round of the company, and valuation level of companies of the similar size affect the pricing of the unlisted shares. 

Once the selling price and quantity of shares is agreed with us, we will provide you with an UTR number to transfer the shares. Once you have transferred the shares into our company’s demat account, funds are released into your bank account within 24 hours or before the end of the next working day of the transfer of the shares

If your holding period is less than 2 years, then such income is treated as business income and liable to get taxed as per tax slab of the investor. 

If your holding period is more than 2 years, then your profits would be subject to long-term capital gains tax. The current short-term capital gain tax rate is 20% after indexation.

The trading in unlisted shares is governed by Securities & Contract (Regulation) Act,1992 which comes under the preview of SEBI.  The SEBI regulations become applicable when the stocks of the company get listed on the stock exchange. There is a minimum lock-in period of 6 months for pre-IPO investors. 


The major risk associated with investing in unlisted stocks is the liquidity risk. The possible exit route for investors is either to sell to another investor or wait till the company gets listed on the stock exchange. 

Yes, NRI’s can also buy and sell Care Health Insurance unlisted shares just like domestic investors. But their investment is on a non-repatriable basis. 

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