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Average policy size rises 25% post GST cut: Star Health MD
Financial Express Mumbai
|February 24, 2026
STAR HEALTH INSURANCE, the country’s largest standalone health insurer, is witnessing a 25% rise in average policy size following rationalisation in the goods and services tax (GST) rate, a senior company official said.
“Before the GST change, the average sum assured of new policies was around ₹9 lakh. Now, it is close to ₹11 lakh. There has been a 20-25% increase,” Anand Roy, managing director and chief executive of Star Health Insurance, said on Monday.
He was speaking on the sidelines of launch of Arogya Seva Kendras, a free-of-cost primary healthcare centre to provide medical facilities to one million beneficiaries with noncommunicable diseases.
This story is from the February 24, 2026 edition of Financial Express Mumbai.
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