🔹 Company Name: Star Health and Allied Insurance Co. Ltd.
🔹 Founded: 2006
🔹 Headquarters: Chennai, Tamil Nadu
🔹 Founded By: A group of veterans from the insurance industry and business professionals.
Purpose at Launch:
To create India’s first standalone health insurance company — focused only on health, personal accident, and overseas travel insurance.
Growth Journey & Milestones
🔹 2006–2010:
Built strong groundwork as the first dedicated health insurer.
Developed hospital networks and a specialized claim processing setup.
🔹 2011–2015:
Gained market trust for its cashless network, customer service, and simple policies.
Focused on family floaters, senior citizen health plans, and disease-specific plans.
🔹 2016–2019:
Became one of the top health insurers in India by policy count and market share.
Built a massive agent network, especially in Tier 2/3 cities and rural India.
🔹 2020–2021 (COVID Impact):
Saw a surge in demand due to pandemic-related health concerns.
Demonstrated strong claims support during COVID waves.
🔹 December 2021 – IPO Milestone:
Successfully launched its Initial Public Offering (IPO) and got listed on BSE & NSE, making it: 👉 India’s first health insurance company to go public.
Current Position & Offerings (as of 2025)
| Category | Details |
|---|---|
| Policy Types | Individual & family floater plans, senior citizen cover, disease-specific (like diabetes, cancer), top-ups, maternity cover |
| Hospital Network | 14,000+ cashless hospitals (one of the largest in India) |
| Claim Settlement | High in-house claim processing, trusted for speed |
| Presence | Pan-India, with strong rural & urban reach |
| Digital Push | Growing online policy sales and app-based claim filing |
| Premium Collected | Among top health insurers in terms of Gross Written Premium (GWP) |