Star Health, India’s top standalone health insurer, just got a vote of confidence from rating agency India Ratings and Research (Ind-Ra). The agency kept the company’s rating at IND AA+ with a stable outlook and reaffirmed its subordinated debt rating at IND AA, also stable. This news highlights Star Health’s solid position in the competitive health insurance market.
What makes this rating stand out? Star Health leads the pack with a 33% share of India’s retail health insurance segment—the biggest slice around. In FY25, the company raked in a gross written premium of ₹17,553 crore, thanks to its massive distribution network and strong brand name that customers trust.
Ind-Ra points to Star Health’s financial strength and smart operations as key factors. The insurer boasts a solvency ratio of 2.21 times, way above the required 1.5 times set by regulators. This buffer comes from careful risk management, a team of in-house doctors, and quick, tech-savvy claims processing. Those efforts paid off with a net profit of ₹646 crore in FY25, showing healthy growth and building even more customer loyalty.
One big edge for Star Health lies in how it handles claims. With medical experts on staff and a digital system in place, the company settles claims fast, fairly, and transparently. It’s no wonder they’ve processed over 1 crore claims—the first health insurer in India to hit that milestone. This focus keeps policyholders happy and cements Star Health’s role as a reliable player in India’s healthcare scene.
Aneesh Srivastava, Star Health’s Chief Investment Officer, shared his thoughts: “This rating from Ind-Ra underlines our top spot in health insurance. It spotlights our strong underwriting, the skills of our in-house doctors, and our knack for speedy, clear claims handling. Combined with our market lead, this drives our toughness. As rules change, we’re ready to adapt and grow. Our dedication to customers, fresh ideas, and openness lets us deliver top-notch service and build lasting trust.”
Looking ahead, Star Health stays true to the Insurance Regulatory and Development Authority of India (IRDAI) goal of “Insurance for All by 2047.” The company pushes to make quality health coverage more accessible, while upholding high standards in service and finances.
Founded in 2006 as India’s first standalone health insurer, Star Health offers a range of products like health, personal accident, and travel insurance. It tailors plans for needs such as cancer, diabetes, heart issues, seniors, women, and kids. With 914 offices, over 11,300 network hospitals, 789,000 licensed agents, bancassurance partners, and 14,700 employees, the company reaches millions. Its net worth sits at ₹8,668 crore.
For the full details from Ind-Ra, check out their press release here: https://www.indiaratings.co.in/pressrelease/79400. Learn more about Star Health at www.starhealth.in.
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