Health insurance has its own importance as it offers complete financial security to the different classes of people in society. One of the renowned health insurance companies is Religare, known as Care Health Insurance, which offers different policies to individuals and families. Their insurance policies cover the accidents and serious illnesses like diabetes, heart problems, etc.
Care health insurance is the joint venture of Religare, Corporation Bank, and Union Bank Of India that started in 2012. As you know, health is a major concern among people, and treatments are getting more expensive day by day. In India, there is a majority of people who can't afford expensive surgeries or treatments.
According to an Economic Times report, nearly 30% of Indians do not have any insurance plan. The one-stop solution to this problem is health insurance plans, of which Religare is a prominent provider. You can also buy Religare unlisted shares to enjoy the other benefits of their health insurance plans. This article will discuss why you should consider buying Religare health insurance plans.
Know About Religare Health Insurance
Religare is an insurance provider company that provides health insurance policies to individuals, families, and corporate employees. It is a company founded in 2012 and is part of a joint venture that deals in critical illness, maternity health, and senior citizens' health insurance plans. You can also buy Religare pre-IPO stocks as it offers its unlisted shares.
Statista states: In the fiscal year 2021, nearly 540 million people in India were covered by health insurance schemes. It includes the various government health insurance schemes and corporate businesses that buy health insurance policies for their employees. One of the trusted health insurance companies in the list of India is Religare, which provides excellent benefits.
Types Of Religare Health Insurance Plans
Care health deals in different health insurance plans and serves individuals, families and corporate employees. Here are the different types of Religare health Insurance Plans:
- Maternity Health Insurance
- Critical Illness Health Insurance
- Senior Citizen Health Insurance
- Accidental Cover
- Individual Health Insurance
- Family foster health Insurance
Some highlights of their customers' health insurance include ambulance coverage, hospitalisation expenses, tax benefits, annual health checkups, and cashless transactions at medical facilities. On the other hand, their unlisted shares also have a good track record in the market. Anyone can buy unlisted shares of Religare by using the good Indian stock marketplace.
Reasons To Buy Religare Health Insurance Plans
In the market, you will find different companies that provide health insurance plans, but there is something different in Religare's insurance policies. They follow the transparent process and provide faster claims without including any third party. Moreover, the network of this company is wide and covers different cities of India like Delhi, Mumbai, Banglore, Hyderabad, and many more. They made buying an insurance policy simple as their team answered every client's question in detail. Here are the reasons why you should pick Religare Health Insurance Plans over others:
Medical Checkups
Once you purchase a Religare health insurance plan, you're eligible for periodic medical checkups. Their different insurance plans cover the medical checkups at their partner hospital facilities twice a year. One of the biggest benefits of purchasing is that you will get medically secure for the future.
Standard Tax Benefits
You might know that the premium paid to health insurance is tax deductible in India. Under section 80D of the Income Tax Act, the Income Tax Department provides tax relief to health insurance policyholders and buying the Religare health insurance policy saves you taxes on it.
Covers Hospitalisation Expenses
Hospitalisation expenses are difficult to pay when you are not financially secure. Whether it is the cost of pre-or-post hospitalisation, Religare offers the facility to get the best possible treatment without worrying about its cost. Since the company is unlisted in the stock market, you can also buy Religare pre-IPO stocks to earn a good dividend on it. For you investing in their insurance plans is a win-win situation.
No Claim Bonus
You will also get the no-claim bonus(NCB) from Religare if you don't file a claim on your premium in a year. Only a few health insurance policy providers in India offer this benefit. However, there is a complete process to claim this bonus which you will know once you contact their team. It is confirmed that you will be eligible for a specific incentive once you buy Religare health insurance plans.
Air Ambulance Cover
If your doctor recommends you to a hospital located in another country, air ambulance cover can be a saviour. It is vital to see health insurance plans as they can save you time during an emergency, and Religare health insurance provides this benefit to its customers. Air ambulance cover is available in a few policies, and it is vital for you to read the terms and conditions of your health insurance plans before buying them.
Why Should You Invest in Religare Unlisted Shares?
We talked about Religare health insurance plans and reasons to buy them. However, knowing how Religare unlisted shares can benefit you financially is equally important. You can easily purchase Religare pre-IPO stocks in India using a platform like Stockify. Here are the highlights of the Religare unlisted shares:
- Price to earning: 128.1
- Face value: 10.0
- Price per sale: 40.3
- Price per book: 11.5
- Return on equity: 9.0%
- Return on assets: 2.9%
- Market cap: 13036.1 in (Rs. Million)
In a few simple steps, you can buy pre-IPO stocks in India of companies like Religare Insurance company. We have shared the complete data of this unlisted company on our site. At Stockify, you can buy unlisted shares in India of companies like Tata Technologies, OYO, Chennai Super Kings, and many more. Our team provides access to a wide range of pre-IPO stocks to retail investors at lower entry barriers. With us, you will get access to blue-chip stocks before their listing in BSE/NSE. Ensure your future health by investing in Religare Health insurance.
