New Delhi:

Standalone health insurance company—Religare Health Insurance today rebranded itself as Care Health Insurance.

The rebranding is aimed at further building on opportunities to deliver the best possible ‘Care’ to its consumers.Officials of the company also said that they would be looking to go public going forward. However, no timeline was announced regarding the initial public offer (IPO). The institutional shareholders of the health insurer include Union Bank of India anf Kedaara Capital 

Rashmi Saluja, executive chairperson, Religare Enterprises Limited said: “We have always believed ‘Care’ lies at the centre of everything we do as a health insurance specialist. This comprises ensuring customers’ easy access to quality healthcare, broadening the spectrum of overall ‘Care’ beyond hospitalization to include preventive health check-ups, wellness, doctor consultations, diagnostics and home care.

Anuj Gulati, MD & CEO, Care Health Insurance, said: “We wish to reassure all employees, partners and stakeholders that our organization remains the same. Be it the founding management team, our bouquet of value-for-money products or the technology-driven servicing capabilities, everything is the same – except the name. Additionally, all aspects vis-à-vis customer policies such as the policy number, health card, cashless network, customer care details as well as claims and renewal processes, are unchanged.”

The data from Insurance Regulatory and Development Authority of India (Irdai) shows that, Religare Health Insurance has seen first year premium at Rs 713.12 in 2019-20.It has settled more than 23 lakh claims while providing customers with a network of 11,000-plus cashless healthcare providers across urban and rural India.