Star Health Insurance
444.55
+4.35(+0.99%)
Market Cap₹26,130.94 Cr
PE Ratio43.89
IndustryInsurance
Company Performance:
1D+0.99%
1M+0.08%
6M+18.69%
1Y-27.10%
5Y-50.98%
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More news about Star Health Insurance
31Jul 25
Star Health Seeks Shareholder Approval for Executive Remuneration and Board Appointments
Star Health and Allied Insurance Company Limited has issued a postal ballot notice for shareholder approval on key business matters. The company proposes an annual remuneration of Rs. 30.00 lakh for the Non-Executive Chairperson, a compensation package for the MD & CEO including Rs. 6.59 crore fixed pay and up to 100% variable pay, and the appointment of two new Whole-time Directors with annual packages of Rs. 3.33 crore and Rs. 3.71 crore respectively. The e-voting is scheduled from August 2 to August 31, 2025, with results expected by September 1, 2025. All proposals are subject to IRDAI approval.
31Jul 25
Star Health Seeks Shareholder Approval for Executive Remuneration and Board Appointments
Star Health and Allied Insurance Company has issued a postal ballot notice for shareholder approval on several key matters. These include a Rs. 30 lakh annual remuneration for Non-Executive Chairperson Rajeev Kher, MD & CEO Anand Roy's compensation package for FY 2025-26 with fixed pay of Rs. 6.59 crore and variable components, and appointments of Himanshu Walia and Amitabh Jain as Whole-time Directors with proposed packages. The company also seeks approval for its employee stock option scheme accounting methods. E-voting is scheduled from August 2 to August 31, 2025, with results to be announced by September 1, 2025. All proposals are subject to IRDAI approval.
31Jul 25
Star Health Aims for 15-16% ROE by FY28, Reports Strong Q1 Performance
Star Health and Allied Insurance Company announced ambitious financial targets, aiming for a 15-16% return on equity by FY2028. The company reported robust Q1 results with a 44% increase in profit after tax to ₹438 crore, and a 13% rise in gross written premium to ₹3,936 crore. Star Health maintains a 33% annual market share, with strong presence in tier 2 and 3 cities. The company's shares closed 4.55% higher at ₹446.15 following the announcement.
29Jul 25
Star Health Insurance Targets Retail Leadership with Tech-Driven Strategy as Q1 Profits Surge 44%
Star Health and Allied Insurance Company Ltd has announced a multi-pronged strategy to strengthen its position in the retail health insurance market. The company is focusing on technology-driven claims processing, digital channel expansion, and diverse premium product development. In Q1, Star Health reported strong financial results with a 13% year-on-year increase in Gross Written Premium to ₹3,936.00 crore and a 44% surge in Profit After Tax to ₹438.00 crore. The insurer's combined ratio improved to 99.60%, while retail GWP grew by 18%. The company's customer app has reached 11 million downloads, offering features like real-time claims tracking. New products such as Super Star and Star Flexi have collected over ₹1,000.00 crore in premiums in the last 12 months. Star Health continues to leverage its multi-channel distribution strategy, including agency, digital, and bancassurance channels.
29Jul 25
Star Health Reports Q1 FY2026 Results with 44% Jump in Profit and Strong Premium Growth
Star Health and Allied Insurance Company reported strong Q1 FY2026 results. Profit after tax increased by 44% to ₹438 crore, gross written premium grew 13.2% to ₹3,936 crore, and investment income rose 51% to ₹586 crore. The company maintained a 31% market share in retail health insurance, expanded its customer base to 60 lakh lives, and improved operational efficiency with a combined ratio of 99.6%. Digital premium collection reached 70%, and the company's agency network grew to 789,000 agents.
26Jul 25
IRDAI Slaps ₹3.39 Crore Penalty on Star Health for Cyber Security Violations
Star Health and Allied Insurance Company has been penalized ₹3.39 crore by IRDAI for violating Information & Cyber Security Guidelines, 2023. The company received the order on July 25 and is considering appealing to the Securities Appellate Tribunal. While the financial impact is limited to the penalty amount, Star Health assures no impact on its operations. The insurer operates through 913 offices and over 14,000 network hospitals, employing about 17,000 people and has more than 7,75,000 licensed agents. In the fiscal year, Star Health reported a Gross Written Premium of ₹17,553 crore and a Net Worth of ₹8,668 crore.
18Jul 25
SBI Small Cap Fund Acquires 3.41% Stake in Star Health And Allied Insurance
SBI Small Cap Fund has purchased a 3.41% stake in Star Health Insurance during the first quarter of the financial year. This new investment marks a significant addition to the fund's portfolio and potentially signals confidence in Star Health Insurance's prospects. The investment could enhance Star Health's visibility among institutional investors and may impact its stock performance.
07Jul 25
Star Health and Allied Insurance to Review Q1 Results on July 29
Star Health Insurance has scheduled a review of its Q1 financial results for July 29. This review will provide insights into the company's performance for the most recent quarter, offering valuable information for investors, market analysts, and industry observers. The results could potentially impact the company's stock performance and market perception.
26Jun 25
SBI Mutual Fund Acquires 2.72% Stake in Star Health Insurance for ₹672 Crore
SBI Mutual Fund has purchased 1.6 crore shares of Star Health Insurance, representing a 2.72% stake in the company. The transaction, valued at ₹672.00 crore, was executed at ₹420.00 per share. This price is notably more than 50% below Star Health Insurance's IPO price of ₹900.00. The investment by SBI Mutual Fund, a leading asset management company in India, could potentially influence investor sentiment towards the insurance sector.
25Jun 25
Star Health Insurance Teams Up with Medi Assist for AI-Driven Claims Processing
Star Health Insurance has announced a strategic partnership with Medi Assist to revolutionize its claims processing system using artificial intelligence and digital technology. The collaboration aims to streamline claims processing, reduce turnaround times, and enhance the overall customer experience. Key features include AI-powered processing, digital integration, and a customer-centric approach. This partnership is expected to benefit policyholders through faster and more accurate claims processing, while also improving operational efficiency for Star Health Insurance.
25Jun 25
Star Health Shares See Massive Block Trade Worth ₹703.85 Crore
A significant block trade of approximately 16,706,709 shares of Star Health and Allied Insurance Company Ltd. occurred on the National Stock Exchange (NSE). The transaction was valued at ₹703.85 crore, with each share priced at ₹421.30. This large-scale trade indicates potential strategic moves by institutional investors or major shareholders in the insurance sector.
25Jun 25
Star Health Insurance Launches AI-Powered Digital Claims Platform
Star Health and Allied Insurance Company Limited has announced a strategic partnership with Medi Assist to implement MAtrix, an advanced AI-powered digital claims platform. The new system aims to streamline claims settlement, enhance customer engagement, improve operational efficiency, and bolster fraud detection capabilities. This move reflects the company's commitment to innovation and customer-centric solutions in the health insurance sector.
20May 25
Star Health Unveils 'Star Flexi' Variants, Expands Super Star Plan Offerings
Star Health and Allied Insurance Company has introduced 'Star Flexi', offering three new variants (Essential, Preferred, and Secure) to its successful Super Star health insurance plan. The Super Star plan has already sold over 1.60 lakh policies and generated ₹580 crore in revenue within seven months. The new variants, with sum insured options starting from ₹5 lakh, aim to provide more flexibility and cater to a broader range of customer needs in the health insurance market.
09May 25
Star Health Insurance CEO and CFO Allegedly Targeted with Death Threats Following Data Breach
Star Health and Allied Insurance Company Limited is facing a serious security incident involving death threats to its top executives. The threats, allegedly from a hacker responsible for a 2024 data breach, include sending bullet cartridges to CEO Anand Roy and CFO Nilesh Kambli. The incident may be linked to denied insurance claims. Tamil Nadu police have launched an investigation, and a suspect from Telangana has been arrested. This situation highlights the growing intersection of cybersecurity and physical security risks in the insurance sector.
06May 25
ICICI Prudential MF Increases Stake in Star Health to 5.20%
ICICI Prudential Mutual Fund has increased its stake in Star Health and Allied Insurance Company from 4.96% to 5.20%. The fund acquired an additional 13,85,269 shares through the secondary market on May 2, 2025. This move by a major institutional investor could be seen as a positive signal for Star Health's business prospects in the competitive Indian insurance market.
05May 25
Star Health Insurance Appoints Former Commerce Secretary Rajeev Kher as Board Chairperson
Star Health and Allied Insurance Company Ltd. has appointed Mr. Rajeev Kher, an Independent Director and former Commerce Secretary to the Government of India, as the new Chairperson of its Board of Directors. The appointment is subject to IRDAI approval. Mr. Kher brings over four decades of experience in international trade, industrial development, sustainable policy, and regulatory governance. He has shaped India's Foreign Trade Policy and led international trade negotiations. Star Health, India's largest retail health insurance provider, expects this appointment to strengthen its position in the evolving healthcare and insurance landscape.
29Apr 25
Star Health Insurance Reports Significant Drop in Q4 FY23 Net Profit, Appoints New Chief Risk Officer
Star Health and Allied Insurance Company Limited reported a significant drop in net profit for Q4 FY23, falling to ₹5.00 million from ₹1,400.00 million in Q4 FY22. Despite this, premiums earned increased to ₹37,980.00 million. The company appointed Prashant Kalaver as Chief Risk Officer, effective May 12, 2025. Star Health also made changes to its premium recognition policy as per IRDAI regulations and implemented cybersecurity improvements following an incident in August 2024.
21Apr 25
Star Health and Allied Insurance Sees Major Block Trade on NSE
A significant block trade of 1,098,358 shares of Star Health and Allied Insurance Company Ltd. occurred on the National Stock Exchange. The shares were traded at ₹395.50 each, totaling ₹434.40 crores. This large transaction in one of India's leading private health insurers has drawn market attention, potentially indicating shifts in institutional holdings or investor interest.
16Apr 25
Star Health Insurance Expands Healthcare Access with New 'Doc Kendra' in Tiruppur
Star Health and Allied Insurance Company Limited has established a new healthcare facility called 'Doc Kendra' in Tiruppur, Tamil Nadu. This initiative aims to improve healthcare accessibility for local communities, including workers in the textile industry. The facility is expected to offer primary healthcare services, medical consultations, and basic diagnostic facilities, potentially benefiting both policyholders and local residents. This move demonstrates Star Health Insurance's commitment to expanding beyond traditional insurance services and actively participating in improving the overall healthcare ecosystem.
26Mar 25
Star Health Insurance Refutes Media Speculation on IRDAI Observations
Star Health and Allied Insurance Company Limited has refuted media reports about alleged IRDAI observations on its claims settlement practices. The company stated it has not received any communication from the regulator on this issue, calling the reports 'speculative and motivated'. Star Health emphasized that IRDAI's audits are routine regulatory procedures and reaffirmed its commitment to customer-centric practices and compliance standards.
25Mar 25
Star Health Denies Speculative Media Report Amid Regulatory Concerns
Star Health and Allied Insurance Company Limited has issued a statement denying recent media reports about regulatory scrutiny of its claim settlement practices. The company asserts it has not received any communication from the regulatory authority regarding the subject mentioned in the media report. This contradicts earlier reports suggesting that IRDAI had found irregularities in the company's claim settlement operations. Star Health has announced an upcoming virtual meeting with analysts and institutional investors on March 27, 2025, which may provide an opportunity for clarifications.
07Mar 25
Star Health Insurance Launches 'SheTARA': A Comprehensive Women's Health Initiative
Star Health and Allied Insurance Company Limited has introduced 'SheTARA', a program offering free healthcare to women in Tamil Nadu. The initiative includes over 40 health camps providing essential medical screenings. Star Health is also promoting women's empowerment by encouraging women to become insurance advisors, with over 16,000 women agents already generating Rs. 420+ crore in business volume. The company aims to increase female representation to 30% of total agents, offering flexibility and strong earning potential.
Star Health Insurance
444.55
+4.35
(+0.99%)
1 Year Returns:-27.10%