What we do Star Health & Allied Insurance Company Ltd is India's largest standalone health insurer providing health, personal accident, and travel insurance tailored for individuals, families, and corporates. |
Founded in 2,005 |
Market share Holds 59% market share in India's private health insurance sector as of FY2024. |
Problem solved Offers comprehensive health coverage addressing the public’s need for accessible and customizable health insurance solutions. |
Top clients or who we serve Serves individuals, families, employers, and government health programs through B2C and B2B channels. |
Key management Anand Roy serves as Managing Director and CEO with strong leadership in insurance sector. |
Our journey and innovations Founded in 2005, pioneered standalone health insurance in India, expanded to digital products and vast hospital networks. |
Where we operate Primarily India with over 25 states and 5 Union Territories coverage and international recognition at IFSC-GIFT City. |
Top products or what we offer Key offerings include retail and group health insurance, personal accident insurance, travel insurance, and digital health products. |
Top brands Star Health Insurance, Smart Health Pro (digital-only product), Super Star Policy (modular health coverage). |
Raw materials needed Not applicable for insurance service-based business. |
Raw materials supplier Not applicable. |
Recurring vs cyclical contribution Majority of revenue is recurring from premium renewals and ongoing insurance contracts. |
Our industry position Market leader in private health insurance with dominant market share and extensive hospital network. |
Financial highlights FY2025 revenue Rs. 17,553 crore with PAT Rs. 645.86 crore and 15% GWP growth year over year. |
Geographical revenue split Revenue primarily from India, covering 25 states and 5 Union Territories. |
Order book - |
Whats driving growth Growth driven by expanding distribution, digital innovation, new product launches, and rising health awareness. |
Our future plans Plans include network expansion, new digital products, and strengthening personalized long-term health insurance. |
Our green promise Active in ESG with sustainability practices recognized by S&P Global, diversity initiatives, and community programs. |
Our people and values Strong culture emphasizing customer centricity, innovation, inclusion, with 29% women workforce representation. |
Key challenges ahead Managing claims ratio, regulatory compliance, competitive pressures, and maintaining profitability during growth. |
Interesting facts First standalone health insurer in India; launched innovative digital-only health insurance product; large hospital network. |
Risks and strategy Risks include underwriting and market risks; mitigated by robust risk management, diversified products, and strong governance. |
