Star Health and Allied Insurance Company Limited is India’s first standalone health insurer and one of the largest private health insurance companies in the country. Headquartered in Chennai, it offers individual, family, and corporate health insurance products along with personal accident and travel insurance coverage.
Key facts
- Founded: 2005; operations since 2006
- Headquarters: Chennai, Tamil Nadu, India
- Market Share: ~59% in standalone health insurance (FY 2023–24)
- Network Hospitals: 14,000 + across India
- Listed On: BSE (543412) and NSE (STARHEALTH) since 2021 IPO
History and growth
Established in 2005 and approved by the Insurance Regulatory and Development Authority of India in 2006, Star Health pioneered standalone health insurance in India. It has since expanded nationwide with 880 + branches and over 1,700 customer touchpoints. The company was publicly listed in December 2021 after a ₹ 6,400 crore IPO and has maintained steady premium growth of about 15 % annually .
Products and services
Star Health provides a wide portfolio including retail, group, and government health insurance schemes. Its offerings also extend to personal accident and overseas travel insurance. The firm operates through agents, brokers, digital channels, and bancassurance partnerships. It emphasizes cashless treatment through its extensive hospital network and offers telehealth consultations and second medical opinions to policyholders .
Financial performance and recognition
In 2024, Star Health reported revenue of ₹ 14,026 crore and profit of ₹ 845 crore . It ranked #175 in the Fortune India 500 (2025) and continues to be the market leader among private health insurers. The company has received ISO 27001 and ISO 22301 certifications for information security and business continuity management .
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