28 January 2026
Religare Enterpriseshas informed stock exchanges that its material subsidiary, Care Health Insurance Limited (CHIL), has received a penalty of ₹1.00 crore from the Insurance Regulatory and Development Authority of India (IRDAI). The penalty was imposed for violations identified during an inspection conducted by the regulatory authority.
Penalty Details and Timeline
The IRDAI issued the penalty order on December 15, 2025, which was received by Care Health Insurance Limited on the same date. The violations were discovered during an inspection carried out for the period from August 30, 2021 to September 09, 2021. The penalty was imposed after considering submissions made by CHIL regarding the observed violations.
Nature of Violations
The regulatory action encompasses multiple compliance violations across various IRDAI regulations and guidelines. The violations include breaches of:
The violations resulted in different types of regulatory actions, with some attracting warnings and advisories, while others led to the monetary penalty.
Financial Impact
The penalty amount of ₹1.00 crore is payable by Care Health Insurance Limited. As CHIL is a material subsidiary of Religare Enterprises, its financials are consolidated with the parent company. This means the penalty will have a direct impact on the consolidated financial statements of Religare Enterprises.
Regulatory Compliance
Religare Enterprises has disclosed this information in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed annexures outlining the specific nature of violations and regulatory actions taken by IRDAI.
The disclosure demonstrates the company's commitment to maintaining transparency with stakeholders regarding material developments affecting its subsidiaries. Care Health Insurance Limited, being a material subsidiary, requires such regulatory communications to be promptly disclosed to the stock exchanges.
Parameter Details Penalty Amount ₹1.00 crore Order Date December 15, 2025 Inspection Period August 30, 2021 to September 09, 2021 Regulatory Authority IRDAI
- Protection of Policyholders Interests Regulations, 2017
- Corporate Governance Guidelines
- Third Party Administrators-Health Services Regulations, 2016
- Health Insurance Regulations, 2016
- Financial statements and solvency margin regulations
Impact Area Details Financial Impact ₹1.00 crore penalty Payable By Care Health Insurance Limited Consolidation CHIL financials consolidated with Religare Enterprises
Historical Stock Returns for Religare Enterprises
1 Day 5 Days 1 Month 6 Months 1 Year 5 Years +2.72% +1.12% -7.60% -16.82% -9.31% +262.92%
Religare Enterpriseshas informed stock exchanges that its material subsidiary, Care Health Insurance Limited (CHIL), has received a penalty of ₹1.00 crore from the Insurance Regulatory and Development Authority of India (IRDAI). The penalty was imposed for violations identified during an inspection conducted by the regulatory authority.
Penalty Details and Timeline
The IRDAI issued the penalty order on December 15, 2025, which was received by Care Health Insurance Limited on the same date. The violations were discovered during an inspection carried out for the period from August 30, 2021 to September 09, 2021. The penalty was imposed after considering submissions made by CHIL regarding the observed violations.
Nature of Violations
The regulatory action encompasses multiple compliance violations across various IRDAI regulations and guidelines. The violations include breaches of:
The violations resulted in different types of regulatory actions, with some attracting warnings and advisories, while others led to the monetary penalty.
Financial Impact
The penalty amount of ₹1.00 crore is payable by Care Health Insurance Limited. As CHIL is a material subsidiary of Religare Enterprises, its financials are consolidated with the parent company. This means the penalty will have a direct impact on the consolidated financial statements of Religare Enterprises.
Regulatory Compliance
Religare Enterprises has disclosed this information in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed annexures outlining the specific nature of violations and regulatory actions taken by IRDAI.
The disclosure demonstrates the company's commitment to maintaining transparency with stakeholders regarding material developments affecting its subsidiaries. Care Health Insurance Limited, being a material subsidiary, requires such regulatory communications to be promptly disclosed to the stock exchanges.
Parameter | Details |
|---|---|
Penalty Amount | ₹1.00 crore |
Order Date | December 15, 2025 |
Inspection Period | August 30, 2021 to September 09, 2021 |
Regulatory Authority | IRDAI |
- Protection of Policyholders Interests Regulations, 2017
- Corporate Governance Guidelines
- Third Party Administrators-Health Services Regulations, 2016
- Health Insurance Regulations, 2016
- Financial statements and solvency margin regulations
Impact Area | Details |
|---|---|
Financial Impact | ₹1.00 crore penalty |
Payable By | Care Health Insurance Limited |
Consolidation | CHIL financials consolidated with Religare Enterprises |
Historical Stock Returns for Religare Enterprises
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
+2.72% | +1.12% | -7.60% | -16.82% | -9.31% | +262.92% |
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