Looking for Investor to invest INR2.4L in CARE HEALTH INSURANCE LTD

By Reet
Posted On: 13 / Oct / 2021
0 766

Deal Details

Annual

Deal Type

Sell (Strategic Investors)
Maximum Loan

Industry

Insurance
Charge

Deal Status

Active

Deal Description

We are looking for the investors who are interested in investing in Care Health Insurance Ltd. The size of lot is 1000 shares which we are looking to sell @ 240 per share. As per the investors demand, we can arrange large quantity of shares also. According to IBEF, in March 2021, health insurance companies in the non-life insurance sector grew by 41 per cent, on the back of a rise in health insurance products because of the Covid-19 pandemic. The General Industry Council, according to a news report, noted that health insurance contributed to 29.7 per cent of premiums collected by non-life insurance companies in the April – September period of 2020. Also, the individual policy premiums rose by 34 per cent in this period when compared to the same period a year ago. Health insurance coverage in India continues to be low, with a massive 85.9 per cent of individuals in rural India and 80.9 per cent of Indians in urban India having zero coverage, according to data from news reports. This means there is still plenty of space for growth for health insurers. Those investing early in pre-ipo space can reap the benefits which is expected to be more than listing gains.

No Files Attached

Deal Value
2.4 Lakhs
Targeted Region
Americas

Revenue

2019-20
Undisclosed
2020-21
Undisclosed
2021-22
Undisclosed