Star Health and Allied Insurance

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.

Star Health and Allied Insurance Co Ltd

Type	Public
Traded as	NSE: STARHEALTH BSE: 543412
ISIN	INE575P01011
Industry	Financial services
Founded	2006; 17 years ago (2006)
Headquarters	Chennai, Tamil Nadu, India
Number of locations	640+ (2021)
Key people	Dr. S. Prakash, Anand Roy
Products	Health insurance Travel insurance Accidental insurance
Revenue	₹10,610 crore (US$1.3 billion) (2022)^[1]
Operating income	₹−1,348 crore (US$−170 million) (2022)^[1]
Net income	₹−1,040 crore (US$−130 million) (2022)^[1]
Total assets	₹13,513 crore (US$1.7 billion) (2022)^[1]
Total equity	₹3,963 crore (US$500 million) (2022)^[1]
Number of employees	14,273 (2021)^[1]
Website	www.starhealth.in

Operations

Currently Star Health has 12800+ employees and 640+ branch offices all over India.^[3]

Initial public offering

Star Health Insurance launched its ₹7,249 crore (US$910 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$800 million).^[7]

Financials

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]

References

1. "Star Health and Allied Insurance Financial Statements". moneycontrol.com.
2. "STAR HEALTH AND ALLIED INSURANCE COMPANY LIMITED". dnb.com. Retrieved 11 April 2022.
3. "Star Health Insurance | Medical Health Insurance | Mediclaim Policy". Star Health and Allied Insurance. Retrieved 20 December 2021.
4. "Star Health files for IPO, to raise over Rs 2,000 crore". The Financial Express. 23 July 2021. Retrieved 23 September 2021.
5. Livemint (30 November 2021). "Star Health IPO opens today. Should you bet?". mint. Retrieved 2 December 2021.
6. "Rakesh Jhunjhunwala-backed Star Health's IPO opens; should you subscribe?". cnbctv18.com. 30 November 2021. Retrieved 2 December 2021.
7. "Star Health Cuts IPO Size To Rs 6,400 Crore After Tepid Subscription". NDTV.com. Retrieved 9 December 2021.
8. "Star Health and Allied Insurance Company Balance Sheets, Financial Statements". The Economic Times. Retrieved 20 December 2021.
9. "Star Health & Allied Insurance Company Quarterly Results, Star Health & Allied Insurance Company Financial Statement & Accounts". www.moneycontrol.com. Retrieved 20 December 2021.

External links

• Official website