Star Health Insurance: Soaring Profits and Expanding Horizons

Star Health and Allied Insurance Company Ltd., the largest health insurance provider in India, has unveiled its financial results for Q1FY26, showcasing robust growth and enhanced profitability. The insurer's gross written premiums (GWP) reached INR 3,936 crores, marking a 13% year-on-year increase on a 1/N basis. The profit after tax (PAT) soared to INR 438 crore as per IFRS, reflecting a significant 44% increase compared to the same period last year.

The company's performance was bolstered by strong growth in fresh retail premiums and prudent underwriting strategies, with a remarkable improvement in Claims Net Promoter Score (NPS) to 57. Notably, the retail health segment contributed INR 3,667 crore to GWP, with an 18% year-on-year growth. Star Health's digital innovations and new product launches, including Super Star and Star Flexi, further strengthened its market position.

CEO Anand Roy emphasized the company's strategic focus on sustainable growth and long-term value creation. With a comprehensive multi-channel distribution network and a focus on technology and customer-centric offerings, Star Health continues to lead the charge in boosting India's health insurance penetration.

(With inputs from agencies.)