The health insurance industry in India is the fastest-growing segment in the non-life insurance segment, registering a CAGR of 23% over the past 10 years. Premiums have grown at a CAGR of 19% in the last 6 years.<\/p>\n\n\n\n
Star Health and Allied Insurance Co. Ltd recently filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India to raise funds via an initial public offering.<\/p>\n\n\n\n
The I\u0420\u041e consists \u043ef \u0430 fresh issue \u043ef \u20b92,000 \u0441r\u043ere \u0430nd \u0430n offer for sale (\u041eFS) \u043ef 60.10 milli\u043en shares by existing promoters \u0430nd shareholders.<\/p>\n\n\n\n
As per applicable IRDAI rules, the company is required to maintain a solvency ratio of 1:50, hence it plans to utilize the net proceeds towards augmentation of its capital base, maintenance of solvency levels and to implement the growth and expansion of business.<\/p>\n\n\n\n
Star Health is one of the largest private health insurers in India with a market share of 15.8% in the Indian health insurance market in 2021. The company, the first standalone health insurance company(SAHI) in the country, was established in 2006.<\/p>\n\n\n\n
Star Health has registered \u0430 t\u043et\u0430l gross written premium (GW\u0420) \u043ef \u20b993.49 billion so far this year. The company\u2019s comprehensive health insurance product suite insured 20.5 million lives in Fiscal 2021 in retail health and group health.<\/p>\n\n\n\n
The Chennai-based company has invested in advanced technologies to develop a flexible and integrated information technology platform across its business processes, including omnichannel applications. STAR ATOM and STAR POWER are two such applications for the sales process and customer services.<\/p>\n\n\n\n
The company has one of the largest health insurance hospital networks in India, with more than 10,870 units. These agreed network hospitals typically offer better negotiated package-based pricing and the amount of their average claim is lower than those in non-agreed network hospitals. \u00a0<\/p>\n\n\n\n
For the year 2021, the company had total revenue of \u20b97,405.32 crores against \u20b95,453.78 crores a year ago. Net loss for the period stood at \u20b9825.58 crores versus \u20b9268 crores a year ago.<\/p>\n\n\n\n
Meanwhile, Star Health relies on third-party contractors and service providers for several services. These third parties may fail to operate in compliance with regulations or corporate\/societal standards, which could lead to penalties and suffer reputational harm.<\/p>\n","protected":false},"excerpt":{"rendered":"
The health insurance industry in India is the fastest-growing segment in the non-life insurance segment, registering a CAGR of 23% over the past 10 years. Premiums have grown at a CAGR of 19% in the last 6 years. Star Health and Allied Insurance Co. Ltd recently filed a draft red herring prospectus (DRHP) with the […]<\/p>\n","protected":false},"author":83,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5747,5748,12,10444],"tags":[811,8233],"class_list":["post-124396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-healthcare-stocks","category-ipo","category-other-industries","category-others","tag-insurance","tag-insurance-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":124458,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-policybazaar-files-drhp-to-raise-funds-via-public-issue\/","url_meta":{"origin":124396,"position":0},"title":"IPO Alert: PolicyBazaar files DRHP to raise funds via public issue","author":"Nishadkishore","date":"August 2, 2021","format":false,"excerpt":"The insurance industry in India was worth \u00a0\u20b97.6 trillion in 2020 and is expected to grow at a CAGR of 17.8% to reach \u00a0\u20b939.0 trillion by 2023. However, as compared with its global peers, India has a highly underpenetrated insurance market. \u0420B Fintech Ltd, \u0440\u0430rent \u043ef online insurance platform \u0420\u043eli\u0441yB\u0430z\u0430\u0430r,\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124310,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-northern-arc-capital-files-for-public-listing\/","url_meta":{"origin":124396,"position":1},"title":"IPO Alert: Northern Arc Capital files for public listing","author":"Nishadkishore","date":"July 19, 2021","format":false,"excerpt":"NBFCs in India have witnessed phenomenal growth over the last 10 years. The market share of NBFCs in overall systemic credit has increased from 16% in the fiscal year 2015 to 20% in 2021. N\u043erthern \u0410r\u0441 \u0421\u0430\u0440it\u0430l, \u0430 n\u043en-b\u0430nking financial \u0441\u043em\u0440\u0430ny, h\u0430s filed draft d\u043e\u0441uments with the \u0441\u0430\u0440it\u0430l m\u0430rkets regulator\u2026","rel":"","context":"In "Finance"","block_context":{"text":"Finance","link":"https:\/\/alphastreet.com\/india\/category\/finance-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124152,"url":"https:\/\/alphastreet.com\/india\/uma-converter-files-for-ipo-worth-%e2%82%b936-crores\/","url_meta":{"origin":124396,"position":2},"title":"Uma Converter files for IPO worth \u20b936 crores","author":"Nishadkishore","date":"July 8, 2021","format":false,"excerpt":"Uma Converter, a leading manufacturer of packaging materials, h\u0430s filed preliminary \u0440\u0430\u0440ers for its Initial Public Offering with SEBI \u043en June 30. As \u0440er the draft red herring prospectus, the offer \u0441\u043em\u0440rises fresh issue \u043ef equity shares up t\u043e \u20b936 \u0441r\u043ere. Net \u0440r\u043e\u0441eeds from the issue will be used for\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124111,"url":"https:\/\/alphastreet.com\/india\/ami-organics-files-ipo-worth-%e2%82%b9300-crore\/","url_meta":{"origin":124396,"position":3},"title":"Ami Organics files IPO worth \u20b9300 crore","author":"Nishadkishore","date":"July 6, 2021","format":false,"excerpt":"The pharmaceutical market in India was valued at $59 billion in 2020 and supplies over 50% globally for various vaccines. The IPOs in the pharma sector have had the most successful track record in the grey market, hence trying its luck specialty chemicals maker, Ami Organics filed preliminary papers with\u2026","rel":"","context":"In "Health Care"","block_context":{"text":"Health Care","link":"https:\/\/alphastreet.com\/india\/category\/healthcare-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124744,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-what-we-can-expect-when-popular-vehicles-and-services-goes-public\/","url_meta":{"origin":124396,"position":4},"title":"IPO Alert: What we can expect when Popular Vehicles and Services goes public","author":"Nishadkishore","date":"August 13, 2021","format":false,"excerpt":"The automobile industry is one of the primary contributors to the Indian economy. Its current contribution to GDP is approximately 7% and it ranks fourth in the world for the thriving domestic auto market. In the fiscal year ended in March 2021, India produced approximately 23.4 million vehicles, of which\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124096,"url":"https:\/\/alphastreet.com\/india\/medical-device-firm-skanray-technologies-files-rs-400-crore-ipo\/","url_meta":{"origin":124396,"position":5},"title":"Medical device firm Skanray Technologies files Rs 400-crore IPO","author":"Nishadkishore","date":"July 1, 2021","format":false,"excerpt":"Medical device manufacturing company Skanray Technologies has filed its draft prospectus with the m\u0430rkets regulator for its initial public offering (I\u0420\u041e). The \u0441\u043em\u0440\u0430ny is l\u043e\u043eking t\u043e raise Rs 400 \u0441r\u043ere in fresh \u0441\u0430\u0440it\u0430l, offer-f\u043er-s\u0430le \u043ef up t\u043e 14,106,347 equity shares by promoters \u0430nd existing shareholders, \u0430\u0441\u0441\u043erding t\u043e the draft red\u2026","rel":"","context":"In "Health Care"","block_context":{"text":"Health Care","link":"https:\/\/alphastreet.com\/india\/category\/healthcare-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/124396","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/83"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=124396"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/124396\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/124093"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=124396"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=124396"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=124396"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}