Star Health and Allied Insurance Company Ltd.
NSE: STARHEALTH · General Insurance
Snapshot
Unlock Star Health and Allied Insurance Company Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Star Health and Allied Insurance Company Limited is a specialised health insurance provider offering retail and group health policies, personal accident, and travel insurance. The company serves diverse customer segments, including individuals, families, and SMEs, through an extensive distribution network across India.
Business Model
The company generates revenue primarily through the collection of insurance premiums across its retail and corporate health insurance portfolios. It leverages a multi-channel distribution strategy, including individual agents, brokers, corporate agent banks, and online web aggregators.
- Insurance Branches:779
- Geographic Presence:25 states and 5 union territories
Growth Outlook
Growth is driven by the increasing penetration of health insurance in India and the expansion of distribution channels to reach underserved market segments. The company continues to focus on scaling its retail health product offerings to maintain its market position.
Key Risks
- Regulatory Risk. Changes in IRDAI regulations regarding product pricing, capital requirements, or claim settlement norms could impact profitability.
- Claims Ratio Volatility. Unexpected spikes in medical inflation or large-scale health events can lead to higher-than-anticipated claims ratios.
- Competitive Pressure. Intense competition from both public and private sector insurers may lead to pricing pressure and higher customer acquisition costs.
- Distribution Dependency. Reliance on third-party intermediaries and corporate agents poses risks to commission structures and long-term customer retention.
Start your research today
Unlock AI insights, financials, peers and live data on Star Health and Allied Insurance Company Ltd. and 5,000+ companies — free.
Peers · General Insurance
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Star Health and Allied Insurance Company Ltd.STARHEALTH | ₹32,796 Cr | — | — | — | 4.6% | 14.8% | — | +25.6% |
ICICI Lombard General Insurance Company Ltd.ICICIGI | ₹75,375 Cr | 30.95 | — | — | 14.0% | 17.7% | — | -19.3% |
General Insurance Corporation of IndiaGICRE | ₹62,886 Cr | 7.08 | — | — | 19.0% | 18.0% | — | -2.2% |
The New India Assurance Company Ltd.NIACL | ₹37,889 Cr | — | — | — | 0.9% | 2.9% | — | +14.7% |
Go Digit General Insurance Ltd.GODIGIT | ₹23,882 Cr | 43.85 | — | — | 1.8% | — | — | -27.4% |
Niva Bupa Health Insurance Company Ltd.NIVABUPA | ₹14,802 Cr | — | — | — | 2.4% | — | — | -1.4% |
As of Mar 2026
Financials
Star Health and Allied Insurance Company Ltd.
NSE: STARHEALTH · General Insurance
Snapshot
Unlock Star Health and Allied Insurance Company Ltd.'s vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Star Health and Allied Insurance Company Limited is a specialised health insurance provider offering retail and group health policies, personal accident, and travel insurance. The company serves diverse customer segments, including individuals, families, and SMEs, through an extensive distribution network across India.
Business Model
The company generates revenue primarily through the collection of insurance premiums across its retail and corporate health insurance portfolios. It leverages a multi-channel distribution strategy, including individual agents, brokers, corporate agent banks, and online web aggregators.
- Insurance Branches:779
- Geographic Presence:25 states and 5 union territories
Growth Outlook
Growth is driven by the increasing penetration of health insurance in India and the expansion of distribution channels to reach underserved market segments. The company continues to focus on scaling its retail health product offerings to maintain its market position.
Key Risks
- Regulatory Risk. Changes in IRDAI regulations regarding product pricing, capital requirements, or claim settlement norms could impact profitability.
- Claims Ratio Volatility. Unexpected spikes in medical inflation or large-scale health events can lead to higher-than-anticipated claims ratios.
- Competitive Pressure. Intense competition from both public and private sector insurers may lead to pricing pressure and higher customer acquisition costs.
- Distribution Dependency. Reliance on third-party intermediaries and corporate agents poses risks to commission structures and long-term customer retention.
Start your research today
Unlock AI insights, financials, peers and live data on Star Health and Allied Insurance Company Ltd. and 5,000+ companies — free.
Peers · General Insurance
As of Mar 2026