Star Health and Allied Insurance Company Limited reported a Profit After Tax (PAT) of ₹787 crore (as per IFRS) for the financial year ended March 31, 2025. India’s largest retail health insurer delivered steady growth across key business metrics, reinforcing its leadership position in the standalone health insurance segment.
For FY25, Gross Written Premium (GWP) rose by 10% year-on-year to reach ₹16,781 crore, factoring in the impact of the new 1/n accounting norms. The company extended health insurance coverage to over 2.3 crore lives across India during the year.
Anand Roy, Managing Director and CEO of Star Health Insurance, emphasized the company’s deepening presence across semi-urban and rural areas, stating, “Retail insurance witnessed robust new business growth and now contributes 93% of our total business. We are committed to making health insurance personal, inclusive, and future-ready.”
During the year, Star Health settled health claims worth over ₹10,350 crore, including significant payouts towards orthopedic, cardiology, cancer, gastroenterology, and infectious disease treatments. Claims paid to senior citizens were close to ₹2,000 crore.
The company’s expense ratio stood at 30.4%, demonstrating a continued focus on cost optimization. However, due to rising claims incidents and healthcare inflation across the industry, the combined ratio increased to 101.1% in FY25 from 97.2% in the previous year.
Star Health’s solvency ratio remained robust at 2.21x, comfortably above the regulatory minimum of 1.5x, underscoring its strong financial foundation and prudent risk management practices.
The insurer also expanded its distribution network, increasing its agent strength by 11% to more than 7.75 lakh agents, and operating 913 branches nationwide. Notably, 51% of lives covered and 60% of claims settled during the year came from semi-urban and rural areas, highlighting its growing outreach beyond metro cities.
Founded in 2006, Star Health Insurance remains a pioneer in India’s standalone health insurance sector and continues to be a preferred insurer with specialized offerings across critical illnesses, senior citizen healthcare, and personal accident coverage.
