Care Health (Previously Religare Health) Insurance Company Limited

Promoter Religare Enterprises holds a stake of ~63% in Care Health Insurance (formerly Religare Health Insurance), one of the leading stand-alone health insurers in India and a favorite in the unlisted shares market. In the OTC market, Care Health Insurance’s stock is changing hands at approximately Rs 120-156 as of mid-2026. The price has fluctuated between Rs 116 and Rs 181 in the last 52 weeks. Face Value Rs. 10/- Gross written premium rose 21% to ₹8,318 crore in FY25 but claims grew faster (+33%), pulling down operating profit by 86% and net profit by ~49% to ~₹155 crore. This was acceptable even though it had an industry best claim settlement ratio of 96.74%. The IPO or DRHP has not been assigned any fresh date, but the prospects of listing have improved with the resolution of promoter level governance issues. If you are dealing with an unlisted shares dealer, Care Health is still a closely watched pre-IPO health insurance bet, whether you are looking at an unlisted share company in Noida or elsewhere. Strong in scale. “But worth watching the edges.”