Star Health and Allied Insurance STARHEALTH
India's largest standalone health insurer, focused on retail policies sold through agents
Mapped in 1 theme: Hospitals & Healthcare.
Where Star Health and Allied Insurance sits in the supply chain
Star Health and Allied Insurance appears in 1 supply-chain layer in one theme, Hospitals & Healthcare.
Hospitals & Healthcare › Health insurers & TPAs
EnablerOther companies in this layer
Revenue and profit
| ₹ Cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 10,602 | 12,096 | 14,021 | 16,101 | 17,825 |
| Net profit | −1,041 | 619 | 845 | 646 | 557 |
Latest-year revenue ₹17,825 Cr (FY26, company-wide).
Note: standalone figures.
Strengths
- Largest retail health book and agency network
- Underwriting profit in Q2 FY27 (fifth straight quarter of improvement); gross written premium +19% (company, Oct 2026)
- GST exemption on retail policies helps new sales
Risks
- Claims inflation from hospital price rises
- Share loss to multi-line insurers and Niva Bupa
- Past regulatory scrutiny on claims and a 2024 data leak
Common questions
What does Star Health and Allied Insurance do?
India's largest standalone health insurer, focused on retail policies sold through agents.
Where does Star Health and Allied Insurance sit in the supply chain?
Star Health and Allied Insurance (NSE: STARHEALTH) is mapped in 1 supply-chain layer: Health insurers & TPAs (Hospitals & Healthcare).
Who are Star Health and Allied Insurance's peers?
In the Health insurers & TPAs layer of Hospitals & Healthcare: Niva Bupa Health Insurance, ICICI Lombard General Insurance, New India Assurance, Medi Assist Healthcare Services, Care Health Insurance (not NSE-listed) and Narayana Hrudayalaya (Narayana Health).
What is Star Health and Allied Insurance's market cap and valuation?
As of 6 Nov 2026: market cap ₹33,285 Cr, P/E 31.6x, ROCE 9.7%, ROE 7.6%, dividend yield 0%.