Business
India Ratings Affirms Star Health Insurance Company's Rating at 'IND AA+' with a Stable Outlook
Star Health and Allied Insurance Company Limited (Star Health), India's leading standalone health insurer, announced that India Ratings and Research (Ind-Ra) has affirmed the Company's rating at at 'IND AA+' with a Stable outlook, while also reaffirming the subordinated debt rating at 'IND AA' with a Stable outlook.
About this update from Star Health & Allied Insurance Co. Ltd.
[{"type":"text","content":"CHENNAI, India, Oct. 1, 2025 /PRNewswire/ -- Star Health and Allied Insurance Company Limited (Star Health), India's leading standalone health insurer, announced that India Ratings and Research (Ind-Ra) has affirmed the Company's rating at at 'IND AA+' with a Stable outlook, while also reaffirming the subordinated debt rating at 'IND AA' with a Stable outlook.","length":386,"tagName":"p"},{"type":"image","alt":"Star Allied Logo","displaySize":"","headline":null,"caption":"Star Allied Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":202,"url":"https://media.zenfs.com/en/prnewswire.com/207013a8655e9b697c3f224ed8104077"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/rWCBswlxakG7Sho20l.XSQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM1NjtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/207013a8655e9b697c3f224ed8104077","width":400,"height":202}}},{"type":"text","content":"The affirmation reflects Star Health's strong market leadership, robust underwriting practices, and differentiated operating model. The company continues to hold a 33% share of the retail health insurance market, the highest in India. For FY25, it reported a gross written premium (GWP) of ₹16,781 crore, driven by a wide distribution network and strong brand equity.","length":371,"tagName":"p"},{"type":"text","content":"Ind-Ra notes that Star Health's financial resilience is supported not just by scale and solvency with a solvency ratio of 2.21x as of March 2025, well above the regulatory minimum of 1.5x, but also by its operational model that includes a large team of in-house doctors, efficient claim processing systems, and prudent risk selection. These capabilities have enabled the company to maintain healthy profitability, with net profit rising to ₹646 crore in FY25, while strengthening customer trust and sustaining long-term growth.","length":531,"tagName":"p"},{"type":"text","content":"Claims processing continues to be a strong differentiator for Star Health. The company has built an efficient, technology-enabled claims settlement framework backed by medical expertise through its in-house doctors. This ensures quick, transparent and fair settlement for policyholders, reinforcing the company's position as a trusted partner in healthcare protection.","length":372,"tagName":"p"},{"type"...