Page 2 - Star Health

Star Health data for sale on Telegram: How will it impact policyholders?

A hacker named xenZen is reportedly behind the leak. Interestingly, this comes two months after a hacker with the same name claimed to have accessed Airtel India's customer database

Star Health data leak 'huge problem': Experts warn after info leak

According to media reports, the hacker created Telegram bots to access data of 31,216,953 customers updated until July 2024, and 5,758,425 claims from the company available until early August

Star Health launches insurance policy in Braille: Check details

The new policy, 'Special Care Gold,' is specifically designed for individuals with 40 per cent or more disability

Star Health and Allied Insurance Q1 results: GWP rises 18% to Rs 3,476 cr

Standalone health insurance provider Star Health and Allied Insurance Company has reported an 18 per cent rise in its Gross Written Premium for the April-June 2024 quarter at Rs 3,476 crore. The company had recorded a Gross Written Premium of Rs 2,949 crore during the same period of last financial year. Investments assets grew by 19 per cent year-on-year to Rs 15,802 crore, with an investment income of Rs 295 crore. The city-based company in a statement on Wednesday said it made an underwriting profit of Rs 140 crore during the April-June 2024 quarter. Commenting on the financial performance, Star Health and Allied Insurance Company Ltd MD and CEO, Anand Roy said, "in line with our stated strategy, we have witnessed a strong growth trajectory in Q1FY25, resulting in 18 per cent GWP growth. Our robust underwriting, expanded agent network, strengthened bancassurance collaborations, digital channels and initiatives like home health care underscore our commitment to accessible, qualit

Star Health aims to double business to over Rs 30,000 cr in 4 yrs: MD

Standalone health insurer Star Health and Allied Insurance Company Ltd., has set a target to double its Gross Written Premium to about Rs 30,000 crore over the next four years, a top official said here on Wednesday. The city-headquartered company had recorded a GWP of Rs 15,254 crore in FY24 and reported a profit after tax of Rs 845 crore up by 37 per cent over last financial year, Managing Director and Chief Executive Officer Anand Roy said. "We are aspiring to grow faster than the industry. Our target is to double our business in the next four years. We have been growing at 22 per cent (Compounded Annual Growth Rate) from FY 2020-24. By FY28, our target is to reach Rs 30,000 crore (GWP). This is an internal target that we have set ourselves...," he told reporters. Since its inception in 2006, Star Health and Allied Insurance Company has approved claims of about Rs 44,000 crore. The doubling of Gross Written Premium would be based on deeper penetration into markets including tier

BoFA, CLSA, Motilal Oswal: Why are these brokerages bullish on Star Health?

In the quarter-ending March (Q4FY24) results, Star Health's net profit jumped 40 per cent to Rs 142.3 crore, as against Rs 101.8 crore in the same quarter a year ago

Star Health Q4FY24 results: Net profit rises 40% to Rs 142 crore

The investment income in the quarter under review increased to Rs 3,953.3 crore, 35 per cent over Rs 2,915.2 crore from the January - March quarter of FY23 due to better interest rates

ICICI Prudential mutual fund buys Star Health's shares for Rs 193 crore

ICICI Prudential Mutual Fund on Tuesday bought shares of Star Health and Allied Insurance Company for Rs 193 crore through an open market transaction. According to the bulk deal data available with the National Stock Exchange (NSE), ICICI Prudential Mutual Fund purchased 35,74,074 shares, amounting to a 0.61 per cent stake in Star Health and Allied Insurance Company. The shares were acquired at an average price of Rs 540 apiece, taking the transaction value to Rs 192.99 crore. Details of the seller(s) could not be ascertained. On Tuesday, shares of Star Health and Allied Insurance Company fell 1.42 per cent to close at Rs 545.05 apiece on the NSE. In a separate bulk deal on the BSE, Abakkus Asset Manager LLP picked up shares of rice milling company LT Foods for Rs 55 crore through an open market transaction. According to the bulk deal data available with the BSE, Abakkus Asset Manager bought 33.93 lakh shares at an average price of Rs 162.04 apiece. This took the deal value to R

Star Health Insurance introduces surrogacy cover and oocyte donor cover

The policy provides inpatient hospitalisation coverage for post-partum delivery complications experienced by the surrogate mother for a 36-month period under the Surrogacy cover

Standalone health, private multi-line insurance players see more gains

Target prices though indicate decent upside in Star Health, and minor gains in ICICI Lombard

Star Health founder Venkatasamy Jagannathan resigns from company's board

From paying Rs 30K rent to nursing insurer to Rs 30K cr in m-cap, founder V Jagannathan resigns from company board - but his job is not over

V Jagannathan quits from Board of Star Health and Allied Insurance Company

The founder of one of the largest private sector health insurers Star Health and Allied Insurance Company Ltd Venkatasamy Jagannathan has tendered his resignation from its Board with immediate effect, industry sources said on Sunday. An industry veteran, Jagannathan had stepped down from his role as the Chairman of the city-headquartered firm in May. "...we wish to inform you that Venkatasamy Jagannathan vide e-mail dated June 10, 2023 has tendered his resignation from the Board of the Company with immediate effect from June 10, 2023," Star Health and Allied Insurance Company Ltd said in a BSE filing on Saturday. Jagannathan, after attaining superannuation from the United India Insurance as its Chairman and Managing Director, founded Star Health and Allied Insurance with the backing of Dubai-based ETA Group. "We started with just 12 people, rented premises with Rs 30,000. Star Health is now valued at more than Rs 30,000 crore," he said. According to company's FY 2021-22 annual rep

This Rakesh Jhunjhunwala-owned stock has surged 64% from July's record low

Star Healthcare rallied 10% to Rs 768 in intra-day today, and has rebounded 64% from its record low of Rs 469.05 touched on July 1, 2022.

Govt relaxes deadline for re-export of containers used for oxygen transport

The customs department has given time till September 30 for the re-export high-quality containers which have been imported for efficient transportation of liquid medical oxygen

Star Health ends in green, albeit by a small margin, despite IPO drubbing

Stock ends at Rs 907, a gain of Rs 7 over issue price of Rs 900. Shares hit a high of Rs 940 and a low of Rs 827.5 on BSE

New Omicron cases in UK nearly double in a day as 249 test positive

An additional 249 people have tested positive for the Omicron variant in the UK, which increased the total number of cases with this strain to 817

Star Health cuts IPO size to about $848 mn after tepid subscription

Star Health has cut the size of its initial public offering (IPO) to 64 billion rupees ($848.02 million) from 72.49 billion rupees

Star Health's IPO scrapes through as investment bankers prune OFS component

The Rs 7,240-cr issue received just 79% subscription before I-bankers stepped in

India records 9,765 new Covid infections, active cases increase to 99,763

With 9,765 new coronavirus infections being reported in a day, India's total tally of COVID-19 cases rose to 3,46,06,541

Star Health IPO struggles to get subscribed, mops up only 20% by Day-2 end

Not even a single domestic institutional investor has applied for the IPO so far, data disclosed by stock exchanges shows