Star Health & Allied Insurance Company Ltd

Star Health & Allied Insurance Company Ltd (STARHEALTH)


Key Stats

Day's Price Range
52-Week Price Range
1 Month Return8.31 %
3 Month Return9.26 %

Company Financials

  • Annual
Value in ₹ crore

Peer Comparsion

Rank 3
Rank 3
Dividend Yield
Rank 2
Rank 3
Debt To Asset
Rank 3

Company Information

The Company was incorporated as Star Health and Allied Insurance Company Limited on 17 June 2005 and was granted the certificate of incorporation by the Registrar of Companies Tamil Nadu at Chennai. The Company was granted its certificate for commencement of business on 09 December 2005 by the RoC. Star Health is Indias first Standalone Health Insurance provider the Company has widened its coverage to Health Personal Accident and Overseas Travel Insurance.The Company provides policies customised around the needs of individuals families and companies. These services are provided through a distribution network comprising agents brokers and the online format.Star Health is also prominently engaged in bancassurance on the basis of its longstanding relationships with banks.Star Health enjoys its presence in 26 States and 4 Union Territories. This presence is supported by 737 branch offices across the country as of 31 March 2021. Star Heath is respected for its sensitive and timely service. The Company has one of the largest health insurance hospital networks in India comprising more than 10870 hospitals as of 31 March 2021.The company has been awarded Tamil Nadus Best Employer Brand Award 2020.The company won the Most Innovative New Product Launches or Customer Propositions at the 13th Global Insurance ESummit and Award by the Associated Chambers of Commerce and Industry of India ASSOCHAM in 2021.The Company offers a range of flexible and comprehensive coverage options for the following insurance types:i. Retail health insurance which is paid for by private individuals or families generally through outofpocket expenses or private insuranceii. Group health insurance which is paid for by employers typically in the form of company health insurance plans that could involve copayments by the employeeiii. Government health insurance which is paid for by the government typically in the form of central or state government health insurance programmesiv. The Company also offers personal accident and travel insurance paid for by individuals or families or employers.During the month of December 2021the company came out with an Rs 6400crore public issue which comprised of Rs 2000 crore of fresh issue and Rs 4400 crore of offer for sale.The IPO shares were allotted at the price of Rs 900 per share including a premium of Rs 890 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India LtdNSE on 10 December 2021.
OrganisationStar Health & Allied Insurance Company Ltd