Star Health Latest Results: Projects 15-16% Insurance Revenue Growth for FY27
Star Health Insurance has projected insurance revenue growth of 15-16% for FY27, as disclosed in its latest concall update. The guidance highlights the company's expectations for its core insurance business performance for the fiscal year. No further financial details or quarterly metrics were provided in the source data.
Star Health Insurance Premium Climbs 19.2% Year-on-Year to Rs 15.94 Billion in June
Star Health Insurance reported total premium collections of Rs 15.94 billion in June, marking a year-on-year increase of 19.20% compared to the same period last year. The growth reflects the company's continued expansion in the health insurance segment. Premium income serves as a key measure of business scale and underwriting activity for health insurers. The reported figures highlight a sustained upward trend in the company's premium book on an annual comparison basis.
Star Health Insurance Premium Reaches INR 14.28 Billion in May, Rising 19.1% Year Over Year
Star Health Insurance reported a premium of INR 14.28 billion in May, marking a year-over-year increase of 19.1%. The growth highlights the company's sustained expansion in health insurance premium collections. The figures are based on a direct year-over-year comparison, underscoring consistent demand for the company's health insurance offerings.
Star Health Targets ₹24,000 Crore Premium by FY27, Bets Big on Smaller Cities and New Product Launch
Star Health and Allied Insurance plans to generate 65% of its business from smaller cities as part of a broader growth strategy. The company has set a gross written premium target of ₹24,000 crore by FY27. Additionally, the insurer is launching a new health insurance product called 'Value Plus' to expand its portfolio and cater to a wider customer base.
Star Health Insurance Premium Climbs 19.3% YoY to INR 12.65 Billion in April
Star Health Insurance posted total premiums of INR 12.65 billion in April, reflecting a year-on-year growth of 19.3%. The strong monthly performance highlights continued demand for the company's health insurance products. This data point underscores the company's expanding business scale in the health insurance segment.
Star Health Insurance Premium Collections Reach INR 25.67 Billion in March with 15.7% YoY Growth
Star Health Insurance achieved premium collections of INR 25.67 billion in March, representing a strong 15.7% year-on-year growth. This performance demonstrates the company's effective market positioning and operational capabilities in the health insurance sector, reflecting robust business fundamentals and successful customer acquisition strategies.
Jefferies Initiates Buy Rating on Star Health Insurance with Target Price of Rs 660
Jefferies has initiated a Buy rating on Star Health and Allied Insurance with a target price of Rs 660, expecting loss ratio improvement of 200bps by FY28 through price hikes and better underwriting. The brokerage sees additional upside from claims automation, hospital partnerships, and product innovation, while current valuations of 18x FY27E appear attractive given the projected 21% IFRS EPS CAGR over FY26-28.
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.