Star Health & Allied Insurance Company Ltd Share Price

Summary

Star Health and Allied Insurance Company Limited was incorporated on 17 June, 2005 at Chennai. The Company obtained Regulatory approval to undertake Health Insurance business on March 16, 2006 from the Insurance Regulatory and Development Authority of India (IRDAI) and holds a valid certificate of registration. Thereafter, it commenced its operations on March 16, 2006. The Company has been registered by IFSCA (International Financial Services Centers Authority) on March 14, 2024 as IFSC Insurance Office (IIO) at IFSC - Gift City, Gujarat.Star Health is Indias first Standalone Health Insurance provider, which has widened its coverage to Health, Personal Accident and Overseas Travel Insurance. It provides policies customised around the needs of individuals, families and companies. These services are provided through a distribution network comprising agents, brokers and the online format. The Company is also prominently engaged in bancassurance on basis of long-standing relationships with banks.Star Health is one of Indias biggest private health insurers with a market share of 59% in FY2023-24. The Company has one of the largest health insurance hospital networks in India comprising more than 14,200 hospitals as of 31 March, 2024.The Company offers a range of flexible and comprehensive coverage options for the following insurance types: i. Retail health insurance, which is paid for by private individuals or families, generally through out-ofpocket expenses or private insurance,
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