Tag: Star Health

Star Health & Allied Insurance Company (STARHEAL) sees strong growth opportunities in India's health insurance market. The company is focusing on deepening its presence in rural India and enhancing its bancassurance channel to capitalize on this growth. Analysts expect STARHEAL to report a 19% CAGR in overall gross premium over FY23-25, driven by a 20% CAGR in retail health and a 10% CAGR in group business. Claims ratios are likely to normalize at ~64%, with the combined ratio at ~93%. These factors should boost STARHEAL’s profitability over FY23-25, with RoE improving to 16% in FY25E from 11% in FY23.