Star Health and Allied Insurance Co Ltd is an Indian multinational health insurance company headquartered in Chennai.[2] The company provides services in health, personal accident and overseas travel insurance, directly as well as through various channels like agents, brokers and online. Star Health is also prominently into bancassurance having long standing relationship with various banks.
Company type | Public |
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NSE: STARHEALTH BSE: 543412 | |
ISIN | INE575P01011 |
Industry | Financial services |
Founded | 2006; 18 years ago (2006) |
Headquarters | Chennai, Tamil Nadu, India |
Number of locations | 640+ (2021) |
Key people | Mr. Anand Roy |
Products | Health insurance Travel insurance Accidental insurance |
Revenue | ₹12,096 crore (US$1.4 billion) (FY23)[1] |
₹914 crore (US$110 million) (FY23)[1] | |
₹618 crore (US$74 million) (FY23)[1] | |
Total assets | ₹13,513 crore (US$1.6 billion) (2022)[1] |
Total equity | ₹3,963 crore (US$470 million) (2022)[1] |
Number of employees | 14,273 (2021)[1] |
Website | www |
As of 2021, Star Health had 13,000+ employees and 640+ branch offices across India.[3]
Star Health Insurance launched its ₹7,249 crore (US$870 million) initial public offering (IPO) in December 2021.[4][5][6] After the issue was undersubscribed, it reduced the IPO size to ₹6,400 crore (US$770 million).[7]
Star Health has underwritten a gross written premium of Rs.6865 Cr during the FY 2019-20 and has built up a promising path with an appreciable net worth of Rs.1889 Cr, as on 31 March 2020.[8]
As of 2021, it reported a total revenue of Rs.5446.82 with a loss of Rs.825.59 crores.[9]
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