Star Health and Allied Insurance
- Company typePublic
- Founded2006
- HeadquartersNungambakkam, India
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingServices
Star Health and Allied Insurance firmographics
Firmographics- 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
Star Health and Allied Insurance industry classification
Industry- 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
Where Star Health and Allied Insurance is headquartered
LocationHeadquarters
- HQ city
- Nungambakkam
- HQ country
- India
- HQ region
- Asia
Offices10 records
Markets served
Star Health and Allied Insurance business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Technology or R&D, Supply Chain, Infrastructure
Revenue model
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Individual Health Insurance - Sum insured options from ₹2 lakh to ₹1 crore+ |
| Subscription | Annual | Family Floater Plans - Coverage for entire family under single policy |
| Unit Pricing | Annual | Value Plus - Budget-friendly plan targeting Tier 2/3/4 cities |
| Subscription | Annual | Specialized Plans - Diabetes, Cardiac, Cancer coverage |
| Subscription | Annual | Group Health Insurance - Corporate employee coverage |
Go-to-market motion1 record
Distribution channels8 records
Marketing channels9 records
Star Health and Allied Insurance product offering
Product offeringCore 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
Companies that use Star Health and Allied Insurance
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles4 records
Star Health and Allied Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability9 records
Feature4 records
Star Health and Allied Insurance partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and supporting.
- PolicybazaarcorePolicybazaar 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)coreStar 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 IndiasupportingPfizer 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 AssistcoreStar 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
Star Health and Allied Insurance competitors and assessment
Company assessmentOthers
- 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
Star Health and Allied Insurance social profiles
Digital presenceStar Health and Allied Insurance compliance and trust
Trust signalCompliance1 record
Star Health and Allied Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Star Health and Allied Insurance leadership team
Management profileNumber of profiles
Profiles7 records
Star Health and Allied Insurance funding detail
Funding detailFunding overview
Funding rounds6 records
Investors17 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Star Health and Allied Insurance M&A and investment
M&A and investmentM&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
What does Star Health and Allied Insurance do?
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.
Is Star Health and Allied Insurance a public or private company?
Star Health and Allied Insurance is a public company. It is classified as public and is currently operating.
When was Star Health and Allied Insurance founded?
Star Health and Allied Insurance was founded in 2006. It employs 5,001 to 10,000 people.
Where is Star Health and Allied Insurance based?
Star Health and Allied Insurance is headquartered in Nungambakkam, India, in the Asia region.
How does Star Health and Allied Insurance make money?
Two revenue lines are on record. Health Insurance Premiums are the primary driver. The others are investment Income.
Who are Star Health and Allied Insurance's main competitors?
Others on record are Bajaj Allianz General Insurance and PB Fintech (Policybazaar). Direct peers are ManipalCigna Health Insurance, Niva Bupa Health Insurance, Aditya Birla Health Insurance and Care Health Insurance (Religare Health). Broad incumbents are SBI General Insurance, HDFC ERGO General Insurance, ICICI Lombard General Insurance and New India Assurance Company.
Does Star Health and Allied Insurance have an API?
No public API is recorded for Star Health and Allied Insurance.
What industry is Star Health and Allied Insurance in?
Star Health and Allied Insurance's product category is Health Insurance. Its primary akta.pro industry code is HLAEABAJ, Ancillary & Supplemental Health Products (Accident/Critical Illness/Hospital Indemnity), with a secondary code of FSAIAEAD, Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident). Its NAICS code is 524114 and its SIC code is 6321.