Religare Health Insurance To Enter Indian Health Insurance Market Thursday, April 26, 2012 . Religare Group and 2 banks, Indian Health Insurance Market, Key word- Religare Health Insurance, R2 Licence Religare Health Insurance, stand alone health insurance company in the country Edit With issue of R2 Licence Religare Health Insurance is near to start operations. This will be 4th stand alone health insurance company in the country. All the Partners in this company are Indian i.e. Religare Group & 2 banks. We welcome the entry of 4th stand alone health insurance Company. Subscribe to receive free email updates: