Star Health and Allied Insurance Company Ltd is one of the largest private health insurers in India with a market share of 15.8% in Fiscal 2021. The company primarily focuses on the retail health market segment and ranked top in the retail health insurance market in India based on GWP over the last 3 fiscal years. It offers a range of flexible and comprehensive coverage options for retail health, group health, personal accident, and overseas travel, accounting for 87.9%, 10.5%, 1.6%, and 0.01%, respectively, of our total GWP in Fiscal 2021.
The company mainly distributes policies through individual agents and also includes corporate agent banks and other corporate agents. As of March 31, 2021, its network distribution includes 737 health insurance branches across 26 states and 4 union territories in India. Star Health has also built one of the largest health insurance hospital networks in India with more than 10,870 hospitals.
Competitive strengths:
Largest private health insurance company in India with leadership in the attractive retail health segment.
Largest network distribution in the health insurance industry.
Diversified product suite with a focus on innovation and specialized products.
Strong risk management with superior claims ratio and quality customer services.
Demonstrated track record of operating and financial performance.
Company Promoters:
Safecrop Investments India LLP, Westbridge AIF I and Rakesh Jhunjhunwala are the company promoters.
HSL Mobile App 
