Star Health and Allied Insurance Company Limited, established in 2005 and headquartered in Chennai, is India's first standalone health insurance provider. The company offers a diverse range of insurance products, including health, personal accident, and overseas travel insurance tailored for individuals, families, and corporate clients. Star Health's distribution network comprises agents, brokers, and an online platform, along with strong bancassurance ties with banks. As of FY 2021-22, it holds a significant 15.35% market share among private health insurers in India and boasts a vast hospital network of over 12,820 hospitals.
Star Health went public in December 2021 with a significant IPO, raising Rs 6,400 crore. The company has expanded its reach with 835 branches across 25 states and 5 Union Territories as of 2022-23, emphasizing growth in both urban and rural markets. This extensive network and strategic partnerships position Star Health as a key player in India’s health insurance sector.
