Religare Health Insurance enters Punjab; inaugurates first branch in Ludhiana

Ludhiana, February 11, 2013:Religare Health Insurance announced its entry into Punjab market with the inauguration of its first office at Mall Road, Ludhiana.

Religare health Insurance has appointed 300 agents to cover the northern state, including 110 in the industrial city of Ludhiana. As part of its plans to offer comprehensive health coverage, Religare Health Insurance has tied up with all leading hospitals in the state.

On the occasion of the launch of its branch in Ludhiana, the company’s President & COO, Nitin Jain, said “We are pleased to formally mark our presence in Ludhiana, and in doing so reaffirm our commitment to the health of the people of the city & state of Punjab.”

Religare Health Insurance, the newest business venture from the Religare Group- a diversified financial services player based out of India, is a specialized Health Insurer offering health insurance services to employees of corporates and individual customers. Launched in July’12, Religare Health Insurance has made significant progress over the past 6 months, and is already operating out of 30 branches, servicing more than 1,10,000 lives across 124 locations including over 40 corporates. Premium collected by the company, till date, is Rs.27 crore.

The shareholders of Religare Health Insurance comprise of three strong entities – Religare Enterprises Limited, Union Bank of India & Corporation Bank.

Care, the company’s comprehensive health insurance product, caters to current and emerging needs of its customer segment. Its features and benefits are focused towards ensuring sustained good health, as well as access to the best healthcare for treating any health adversity.

Careoffers a host of ‘industry-first’ features –including a wide range of sum insured - Rs.2 lacs to Rs.60 lacs, to suit the customised requirements of every consumer segment; and even the option of availing specialized treatment anywhere in the world! So, you are not only ensured access to the best-in-class medical treatment in India, but internationally as well.

Centered around customer convenience and health maintenance, Care comes bundled with an annual health check-up facility, automatic recharge of sum insured in case claims exhaust your coverage, no claim-based loading on premiums, lifelong renewability and even a daily allowance to cover incidental expenses during hospitalisation.

Religare Health Insurance also offers- Group Care- customised group health insurance coverages that are tailor-made to suit the individual needs of any organization/group. In addition to health insurance, the group cover comes with a bouquet of health and wellness top-up features like health assessment clinics, health maintenance programs, and preferential access to wellness providers for insured employees and their families – all ideal platforms for intensive employer-employee engagement.

With Religare Health Insurance’s operating philosophy being based on the principal tenet of ‘consumer-centricity’, itscustomersrest assured will experience unmatched and seamless services when claiming on their insurance;and thus making their recovery ‘worry-free’.