Star Health and Allied Insurance

Name

Star Health and Allied Insurance

Legal name

Star Health and Allied Insurance Co Ltd

Website

https://starhealth.in

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Health Insurance

NAICS

Direct Health and Medical Insurance Carriers (524114), Direct Life, Health, and Medical Insurance Carriers (52411)

SIC

Accident & Health Insurance (6321), Hospital & Medical Service Plans (6324)

akta.pro primary industry

Ancillary & Supplemental Health Products (Accident/Critical Illness/Hospital Indemnity) (HLAEABAJ)

akta.pro secondary industries

Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD), Fully Insured Group Health Plans (Employer-Sponsored) (FSAIAFAA), Group/Employer-Sponsored Critical Illness & Hospital Indemnity (FSAIAKAD)

Keywords

• Health insurance
• Medical insurance
• Accident insurance
• Travel insurance
• Group health coverage

Headquarters

HQ city

Nungambakkam

HQ country

India

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Supply Chain, Infrastructure

Revenue model

1. Health Insurance Premiums: Star Health generates the vast majority of revenue through collected insurance premiums. As India's largest standalone health insurer, the company collects gross written premium of approximately ₹20,369 crore in FY26, representing 16% year-on-year growth. Premium revenue comes from retail health (31% market share), group health, and specialized health insurance products for conditions like diabetes, cardiac care, and cancer. The company targets ₹24,000 crore GWP in FY27 and ₹30,000 crore by FY28.
2. Investment Income: Insurance companies invest float premiums in financial instruments, generating investment income that contributes to overall profitability. This is a standard revenue stream for insurance companies alongside premium collection.

Pricing tiers

Go-to-market motion1 record

Distribution channels8 records

Marketing channels9 records

Core offering

Star Health and Allied Insurance is India's largest standalone health insurer, selling health, accident, and travel insurance policies to individuals, families, and corporate groups. The company underwrites and services these policies directly through its own in-house claims settlement team, supported by a network of 14,000+ hospitals and an agency force of nearly one lakh agents. Its product portfolio spans individual and family health plans, specialized disease-specific covers (cardiac, diabetes, cancer, critical illness), group health policies for employers, personal accident policies, and domestic/international travel insurance.

Product overview

Star Health and Allied Insurance is India's largest standalone health insurer offering a comprehensive portfolio of health, accident, and travel insurance products. The core product line centers on health insurance plans including Super Star, Star Comprehensive, Family Health Optima, Star Assure, Young Star, and specialized offerings for cardiac care, diabetes, cancer, and critical illness. The company also provides accident insurance (Individual Personal Accident, Family Accident, Saral Suraksha Bima) and travel insurance (domestic, international, student, and corporate). Recent additions include Value Plus (affordable tier 2/3/4 city product) and AI-powered digital tools including the ATOM PRO agent advisor and MAtrix claims platform. The company maintains a network of over 14,000 hospitals and serves customers through web, mobile app, and extensive agent channels.

Differentiator

Problem solved

Functional benefit

Products and services

• Super Star Comprehensive health protection solution with customizable optional covers tailored to individual needs.
• Star Comprehensive Insurance Policy Extensive healthcare protection for families providing maximum coverage at medical need.
• Family Health Optima Insurance Plan Family floater health insurance plan covering entire families under a single policy.
• Star Health Assure Insurance Policy Affordable health policy with varied benefits covering entire family under a single roof.
• Young Star Insurance Policy Health insurance policy designed for young individuals and young families.
• Star Health Premier Insurance Policy Premium health insurance offering with enhanced coverage and benefits.
• Arogya Sanjeevani Policy Standard health insurance policy meeting minimum coverage requirements as mandated by IRDAI.
• Medi Classic Insurance Policy Comprehensive mediclaim insurance policy with wide coverage and benefits.
• Value Plus Affordable health insurance plan with premiums nearly 20% lower than comparable offerings, targeting Tier 2, 3, and 4 cities with sum-insured options from ₹7.5 lakh to ₹25 lakh.
• Star Cardiac Care Insurance Policy Specialized health insurance policy for individuals with cardiac conditions or heart disease risks.
• Diabetes Safe Insurance Policy Specialized health insurance designed for diabetes patients with reduced PED waiting periods.
• Star Cancer Care Platinum Insurance Policy Specialized cancer insurance policy providing coverage for cancer treatment and related expenses.
• Star Critical Illness Multipay Insurance Policy Critical illness insurance providing lump sum payout on diagnosis of specified critical illnesses.
• Star Special Care Specialized insurance policy for children with special needs or autism spectrum disorders.
• Star Group Health Insurance Group health insurance policy designed for corporate employers to cover their employees.
• Star Women Care Insurance Policy Health insurance policy specifically designed for women with coverage including maternity benefits.
• Star Micro Rural and Farmers Care Health insurance designed for rural population and farmers with affordable coverage options.
• Individual Personal Accident Insurance Personal accident insurance providing coverage for accidental death, disability, and medical expenses.
• Family Accident Insurance Accident insurance policy covering entire family under a single policy.
• Saral Suraksha Bima Standard personal accident insurance policy meeting regulatory requirements.
• Star Travel Protect Insurance Policy International travel insurance providing coverage for medical emergencies, trip cancellations, and lost baggage.
• Star Domestic Travel Insurance Policy Domestic travel insurance covering travel-related risks within India.
• Star Student Travel Protect Insurance Policy Travel insurance specifically designed for students studying abroad.
• Star Corporate Travel Protect Insurance Policy Corporate travel insurance for businesses covering employee business trips.

Quantifiable outcome

• 96% cashless final approvals within 3 hours at network hospitals
• +7 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability9 records

Feature4 records

Partnerships

Four partnerships are on record, tiered core and supporting.

• PolicybazaarcoreGTM or Marketing Partner · 7 March 2026Policybazaar and Star Health jointly hosted the fifth edition of 'Insurance Ka Superhero' event in Chennai to celebrate and honour individuals involved in successful insurance claims. Over five years of partnership, they have assisted over 1.7 lakh families with claims worth ₹620 crores, achieving a customer satisfaction score of approximately 90%. The partnership focuses on strengthening consumer trust through transparent and frictionless claim settlements.
• Piramal Swasthya (Piramal Foundation)coreStrategic or Co-development Partner · 24 February 2026Star Health partnered with Piramal Swasthya to launch 32 Arogya Seva Kendras across 9 Indian states under its CSR program. The free primary healthcare clinics provide doctor consultations, NCD screening, diagnostics, medicines, and adult pneumococcal vaccination support. Piramal Swasthya manages implementation and clinical governance while Star Health funds capital and operational expenditure. The initiative targets districts with 20-40% hypertension prevalence and up to 29% diabetes burden, aiming to benefit over a million lives.
• Pfizer IndiasupportingStrategic or Co-development Partner · 24 February 2026Pfizer India contributes vaccination expertise to Star Health's Arogya Seva Kendras CSR initiative, supporting adult pneumococcal vaccination programs at the 32 healthcare centers across 9 states.
• Medi AssistcoreTechnology or Integration · 26 June 2025Star Health partnered with Medi Assist to implement the AI-powered MAtrix claims platform, modernizing its claims process in India. The platform uses standardized rules, AI co-working tools, and automation to speed up claim settlements, reduce manual processes, improve accuracy, and detect fraudulent claims. This collaboration is part of Star Health's broader effort to upgrade its digital operations in response to increasing demands from customers, hospitals, and regulatory bodies.

Scale indicators19 records

Recent moves7 records

Expansion highlights6 records

Others

• Bajaj Allianz General Insurance:
• PB Fintech (Policybazaar): India's largest insurance aggregator and Star Health's distribution partner. While not a peer in underwriting, Policybazaar is a key distribution channel for Star and shapes consumer price discovery and competitive intensity in the retail health segment.

Direct peers

• ManipalCigna Health Insurance: Standalone health insurer and JV between Manipal Group and Cigna, offering individual, family, and group health products. Competes with Star in retail health with a focus on wellness-led propositions and bancassurance distribution.
• Niva Bupa Health Insurance: One of India's leading standalone health insurers, offering individual, family, and group health plans with similar product breadth including critical illness and top-up options. Niva Bupa is the closest direct competitor to Star Health in the standalone health insurance category.
• Aditya Birla Health Insurance: Standalone health insurer and part of Aditya Birla Group, offering health, critical illness, and personal accident plans. Competes with Star in retail and group health with similar distribution-led GTM.
• Care Health Insurance (Religare Health): Standalone health insurer competing head-to-head with Star in retail and group health. Care Health offers comparable product lines including family floaters, critical illness, and senior citizen plans, with similar agency-led distribution.

Broad incumbents

• SBI General Insurance: Public sector general insurer with rapidly growing health insurance portfolio, leveraging SBI's massive banking network for distribution. Competes with Star in retail and group health, particularly in semi-urban and rural India.
• HDFC ERGO General Insurance: Major private general insurer with significant health insurance business including retail, group, and government health schemes. Competes with Star across health categories leveraging HDFC Group's distribution and bancassurance strengths.
• ICICI Lombard General Insurance: One of India's largest private general insurers with a sizeable health insurance portfolio across retail, group, and government schemes. Competitor to Star in the health segment as part of a wider multi-line portfolio with strong bancassurance and digital channels.
• New India Assurance Company: Largest public sector general insurer in India with a substantial health insurance portfolio. Competes with Star in both retail and government-sponsored health schemes at significant scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/starhealthins
• YouTubeyoutube.com/user/StarhealthInsurance
• Facebookfacebook.com/StarHealth
• LinkedInlinkedin.com/company/star-health-insurance
• Instagraminstagram.com/starhealth.insurance

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds6 records

Investors17 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Star Health and Allied Insurance