Star Health Insurance

Star Health must reimburse Covid hospitalisation costs after the court rejects the claim denial

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While the market was anticipating a cut in GST rates for term and health policies, analysts at JM Financial said, the exemption on savings-oriented life products came as a positive surprise.

Policyholder grievances against health insurers jumped 21.7% in FY24, with Star Health leading by a wide margin, followed by CARE and Niva Bupa, Ombudsman data shows.

Star Health and Allied Insurance shares rose 3.7 per cent in trade on Wednesday (July 30, 2025), logging an intra-day high at ₹442.5 per share on BSE after posting Q1 results

Star Health and Allied Insurance on Tuesday reported an 18 per cent decline in net profit to Rs 263 crore during the June quarter. The standalone health insurer posted a net profit of Rs 319 crore during the April-June period of 2024-25. The company's total income during the June quarter rose to Rs 4,116 crore against Rs 3,692 crore in the year-ago period, Star Health said in a regulatory filing. Gross written premium increased to Rs 3,605 crore during the quarter under review compared to Rs 3,476 crore in the same period a year ago. Last week, Insurance Regulatory and Development Authority of India imposed a penalty of Rs 3.39 crore and issued a warning to Star Health and Allied Insurance Company for violations under Irdai Information & Cyber Security Guidelines, 2023. The standalone insurer was in the spotlight last year after it came under a cyberattack in which personal data of customers got breached.

Regulator Irdai on Friday said it has imposed a Rs 3.39 crore penalty on Star Health and Allied Insurance for various violations of Information & Cyber Security Guidelines. The Insurance Regulatory and Development Authority (Irdai) has also issued a warning to the insurer. "Irdai...has imposed a penalty of Rs Three Crore Thirty-Nine Lakhs and a warning for various violations established under Irdai Information & Cyber Security Guidelines, 2023," the regulator said in its order on Star Health and Allied Insurance. Star Health Insurance has a strong multi-channel distribution network, with 913 offices, over 14,000 network hospitals, more than 7,75,000 licensed agents, and 17,000 employees. In 2024-25, Star Health's gross written premium stood at Rs 17,553 crore, with its net worth at Rs 8,668 crore.

Individually, AGS Transact Technologies has been the worst performing IPO in the last five years, with the stock trading at a mammoth 97% discount to its issue price.

Insurance sector regulator Irdai may restrict Kiwi General Insurance from offering retail health products to avoid direct overlap, as the promoter of the non-life firm, WestBridge Capital, also holds a majority stake in leading standalone health insurer Star Health and Allied Insurance, sources said. Under existing regulations the same promoter cannot hold stake in two similar nature insurance firms. With about 60 per cent stake in Kiwi General Insurance, WestBridge now effectively holds a significant stake in companies that will both operate in the retail health insurance segment. It currently holds about 40 per cent stake in Star Health and Allied Insurance Company Ltd, as per information available on the BSE. However, public sector banks have got regulatory forbearance from Insurance Regulatory and Development Authority of India (Irdai) following the consolidation exercise undertaken in 2020. "This is the first time in the industry that the regulator is faced with a scenario whe

Hong Kong-based WFM Asia on Wednesday divested a 2.84 per cent stake in Star Health and Allied Insurance Company for nearly Rs 701 crore through an open market transaction. Hedge fund manager WFM Asia, through its affiliate WF Asian Smaller Companies Fund, offloaded more than 1.66 crore equity shares or 2.84 per cent stake in Star Health and Allied Insurance Company, as per the bulk deal data on the NSE. The shares were disposed of at an average price of Rs 420.03 apiece, taking the deal value to Rs 700.86 crore. At the end of the March quarter, WFM Asia, through its arms WF Asian Reconnaissance Fund and WF Asian Smaller Companies Fund, owned a 3.48 per cent stake in Chennai-based Star Health and Allied Insurance. Meanwhile, SBI Mutual Fund acquired over 1.64 crore shares, representing a 2.8 per cent stake in Star Health for nearly Rs 690 crore. Shares were purchased at an average price of Rs 420 per piece. Details of other buyers of Star Health and Allied Insurance Company's sha

Star Health and Allied Insurance Company Ltd has partnered with Medi Assist to offer Artificial Intelligence (AI)-powered claims settlement to its customers, a top official said on Wednesday. Through this partnership, Star Health will adopt MAtrixan advanced AI-powered claims platformwhich will help the city-headquartered company manage rising claim volumes while maintaining speed, consistency, and transparency in its operations. The platform introduces intelligent automation, reduces manual processes, and streamlines workflows, enabling stronger turnaround performance across the network, Star Health and Allied Insurance said in a company statement. Commenting on the partnership, Star Health and Allied Insurance MD and CEO Anand Roy said, "This marks a major step forward in strengthening our in-house claims management capabilities. This partnership is a key milestone in our journey to build a more agile and technology-driven claims ecosystem." "Claims are at the heart of the insura

The hacker behind Star Health's data breach says they sent bullets and threats to top executives over denied claims

Indus Towers, Godrej Agrovet, Phoenix Mills, Ajanta Pharma and Star Health stocks dropped up to 12% in intra-day deals on Friday; here are the key levels to track on these 5 stocks.

The stock price of the general insurance company hit a new low of ₹339.85, falling 7% in three days on reports that the IRDAI has identified lapses in the company's claims settlement practices

Company calls it a routine exercise to ensure compliance

Technically, this Rakesh Jhunjhunwala-backed stock is seen headed towards its monthly trend line support; break of the same can invite a further fall at the counter. Check key levels here.

The company currently has over 70 partners in the bancassurance business, including state-owned banks, private banks, and non-banking finance companies

Star Health reported an 11 per cent drop in profit after tax (PAT) to Rs 111 crore during the quarter ended September 30, down from Rs 125 crore in the corresponding quarter last year

The fall in insurer's share price came after the company announced that the Insurance Regulatory and Development Authority of India (Irdai) has issued a show cause notice for violating norms

The company must provide a reply within 21 days from the date of receipt of the notice, along with the supporting documents