Star Health and Allied Insurance

Star Health and Allied Insurance Co Ltd is an Indian multinational health insurance company headquartered in Chennai. 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.

Operations
As of 2021, Star Health had 13,000+ employees and 640+ branch offices across India.

Initial public offering
Star Health Insurance launched its inr 72490000000 initial public offering (IPO) in December 2021. After the issue was undersubscribed, it reduced the IPO size to inr 64000000000.

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.

As of 2021, it reported a total revenue of Rs.5446.82 with a loss of Rs.825.59 crores.