Star Health - Compelling Business Model In A Beckoning Industry: Motilal Oswal

Star Health - Compelling Business Model In A Beckoning Industry: Motilal Oswal

A nurse uses a stethoscope while attending to a patient in a pathology lab in Chennai. (Photographer: Dhiraj Singh/Bloomberg)

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Motilal Oswal Report

Star Health and Allied Insurance Company Ltd., incorporated in 2006, is the largest private health insurer in India with market share of 15.8% and gross written premium of Rs 93.5 billion in FY21.

In FY21, the retail health GWP for Star Health was over three times the retail health GWP of the next highest retail health insurance market participant.

It has market share of 31% in the retail health segment.

During FY18–21, the company outperformed the industry in premium growth, with 31.4%/32.4%/35.3%/8.5% growth in total premium / retail health / group health / personal accident.

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Motilal Oswal Star Health.pdf
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