STAR HEALTH & ALLIED INSURANCE
Gross written premiums of general insurers up 13.3% in Q1
India's general insurance sector saw strong growth with an 8.76% increase in premiums for June and a 13.33% rise for the first quarter, driven by higher demand for motor and health insurance. Companies like ICICI Lombard and Star Health Insurance reported significant gains, especially in retail health and motor segments. However, New India Assurance faced slower growth, losing market share. Overall, the industry's gross premiums reached ₹72,757 crore, reflecting steady expansion and shifting consumer preferences towards comprehensive insurance coverage.
Stocks in news: Bajaj Finance, Vedanta, L&T Finance, Hindustan Zinc, Star Health
Nifty surpasses 24,300 with bullish momentum. Key companies perform well: Bajaj Finance, Vedanta, L&T Finance. Hindustan Zinc focuses on silver production growth. Indiabulls Housing Finance rebrands to Sammaan Capital. Star Health targets doubling Gross Written Premium.
Star Health launches home healthcare initiative; to cover 50 cities & towns in phase one
Star Health's groundbreaking Home Health Care Service, led by Anand Roy, in partnership with Care24, Portea, and CallHealth, expands to 50 cities, ensuring affordable and prompt medical assistance. Dr U Hari Hara Sudan highlights the cost-effective treatment packages, while the company reports substantial financial growth in FY2024, with a gross written premium of Rs 15,254 crore and a net profit of Rs 845 crore.
Star Health aims to double Gross Written Premium to Rs 30,000 cr in 4 yrs: MD
Star Health and Allied Insurance Company Ltd. has set a target to double its Gross Written Premium to about Rs 30,000 crore over the next four years. The company, based in Chennai, has recorded a profit after tax of Rs 845 crore, a 37% increase from the previous financial year. The company has approved claims of about Rs 44,000 crore since its inception in 2006.
Niva Bupa files for Rs 3,000-cr IPO
Niva Bupa Health Insurance files a ₹3,000 crore IPO, aiming to enhance solvency ratio and operating expenses. British United Provident Fund Bupa is an existing shareholder. TrueNorth-managed Fettle Tone LLP and Bupa Group play key roles in the IPO process.
Buy Star Health, target price Rs 730.: Motilal Oswal
Star Health and Allied Insurance Company Ltd., incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 31780.89 Crore) operating in Financial Services sector.
- Go To Page 1
Indian financiers’ debt lures buyers on widest spread since 2020
Investors are wary of funding strains affecting the rapid economic growth in India, despite enticing opportunities in shadow lender bonds. The concern lies in the widening spreads and the potential hurdles that could impede the country's impressive growth trajectory.
Is your medical claim stuck? Find out why you face problems in health insurance claim settlement and how to avoid them
While health insurers can sometimes be blamed putting customers through unending hardship in clearing claims, many a times it’s the policyholder who is at fault. A significant portion of these health insurance claim rejections can be prevented by asking the right questions during policy selection, carefully reviewing policy documents, and conducting thorough research. This article explores common health insurance claim rejection scenarios and explains how to avoid them.
Buy Star Health and Allied Insurance Company, target price Rs 730: Motilal Oswal
Star Health and Allied Insurance Company Ltd., incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 30519.60 Crore) operating in Financial Services sector.
Star Health looking to grow 18%, improve claims ratio by 50 bps: Anand Roy, CEO
Star Health & Allied Insurance expects 18-20% growth in gross written premiums this year, aiming to double premium income in four years. CEO Anand Roy discussed the company's strategies with Shilpy Sinha.
CAMS Repository Services launches insurance portfolio management platform
CAMS Insurance Repository Services (CAMSRep) introduced 'Bima Central,' an insurance portfolio management platform aimed at simplifying policy management for customers by aggregating benefits and ensuring claim-readiness. The scheme addresses the challenges faced by policy holders. Accessible to those with an electronic Insurance Account (eIA) with CAMSRep, Bima Central emerged from industry collaboration to enhance the value of insurance, with SBI General as the anchor insurer and others in the process of integration.
Star Health & Allied Insurance plans 15% price hike for two products
Star Health & Allied Insurance in Chennai may raise prices by up to 15% for Senior Citizens Red Carpet Health Insurance Policy and Young Star Health Policy due to medical inflation and healthcare costs.
NHCX, a single portal for all health insurance claims soon: what is the claims process, benefits to policyholders
The digital platform, to be launched in 2-3 months, will speed up and standardise claim settlement process, leading to cost benefits for the insured.
Not a market for bargain hunters; look beyond June 4 for investment opportunities in next five years: Abhay Agarwal
Abhay Agarwal, Founder & Fund Manager at Piper Serica, discusses market focus on earnings, growth, and India's economic potential post-event. Grasim's expansion into the paint segment and Titan's nervousness are key points. Agarwal also says he expects the Birla Group will get re-rated because of various things they are doing like the Novelis IPO which was pending for a long time, which will unlock capital for Hindalco.
Apis, Madison and ROC Capital sell Star Health shares worth Rs 2,210 core
Apis Partners held a 2.61% stake via Apis Growth 6, Madison Capital via Mio Star held 2.21% and Mio IV Star held 2.39%, and ROC Capital owned 1.01%, as of March 2024. Mio IV Star, ROC Capital and Apis Partners liquidated their entire stakes in the deal.
Moneymakers! ICICI Bank, UltraTech among 5 stock ideas for up to 28% upside
MOFSL shares five stock ideas that have the scope to offer up to 28% returns to investors. Take a look:
Buy Star Health and Allied Insurance Company, target price Rs 730: Motilal Oswal
Star Health and Allied Insurance Company Ltd., incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 33446.02 Crore) operating in Financial Services sector.
Health insurers leave general insurance industry far behind in growth in FY24
The rise of standalone health insurance companies' growth can be credited to larger policy sizes, as they introduce high-value policies worth crores. Premium rates have been adjusted to match medical inflation, and coverage has expanded, insurers revealed.
Galaxy Health Gets Regulator's Nod
Regulator gave the licence to Galaxy Health and Allied Insurance to operate health insurance business. The total number of health insurers goes up to seven.
Galaxy Health gets nod to launch health insurance business, IRDAI also okays setting up of insurance e-marketplace
IRDAI approved Galaxy Health led by V Jagannathan. Star Health had a Rs 618 crore net profit. IRDAI introduced Bima Sugam, likened to ONDC by Debasish Panda, for insurance activities.
ICICI Prudential MF buys Star Health's shares for Rs 193 crore
ICICI Prudential Mutual Fund on Tuesday bought shares of Star Health and Allied Insurance Company for Rs 193 crore through an open market transaction.
Buy Star Health and Allied Insurance Company, target price Rs 730: Motilal Oswal
Star Health and Allied Insurance Company Ltd., incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 33154.57 Crore) operating in Financial Services sector.
From Star to Galaxy: Jagannathan, 79, to start new health insurance venture
V. Jagannathan, the founder of Star Health and Allied Insurance Company, is launching a new venture in the health insurance sector called Galaxy Health. At 79 years old, he has applied for a preliminary license with the insurance regulator to establish the new company. Jagannathan is reportedly in talks with the TVS Group for potential equity participation in the venture, having previously partnered with the ETA Star Group.
Will ensure the biz we are underwriting continues to be profitable: Nilesh Kambli, Star Health & Allied Insurance
In the month of November, December and Jan, the loss ratio is trending really well. Historically, quarter 4 is the best quarter when it comes to loss ratio. We are confident that, we should be able to bring down the loss ratio for Q4 and for the full year.
Founder of Star Health in talks with TVS Group for new health insurance venture
The TVS Group, based in Chennai, has a history in the insurance domain, having previously owned Madras Motor and General Insurance before the industry's nationalization. After nationalization, Madras Motor merged into United India Insurance.
Jhunjhunwala stock from insurance space falls over 5% post Q2 results
Meanwhile, its gross written premium increased to Rs 3,732 crore during the quarter as against Rs 3,193 crore a year ago.
Star Health and Allied Insurance Company, 3 more stocks cross the 200-Day SMA
On October 12, 2023, several major stocks displayed significant movements by crossing their 200-day SMAs.
Star Health & Allied Insurance receives Rs 39-crore tax demand notice
'The company has received a show cause cum demand notice from the Directorate General of GST Intelligence, Mumbai zonal unit under Section 74(5) of the Central Goods and Services Tax Act, 2017 (“the Act”), October 6, 2023 alleging a tax demand of Rs 38,99,77,849,' the company said in an exchange filing.
Load More