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THE INSURANCE TIMES
|June 2026
Star Health and Allied Insurance Company reported a net profit of Rs. 111 crore in the quarter ended March 2026, compared to Rs. 50 lakh in the corresponding quarter last year.
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Star Health reports Q4 profit growth
Star Health and Allied Insurance Company reported a net profit of Rs. 111 crore in the quarter ended March 2026, compared to Rs. 50 lakh in the corresponding quarter last year.
The insurer's net earned premium increased around 14 per cent year-onyear to Rs. 4,327 crore during the quarter, reflecting continued business expansion. Gross written premium for FY26 rose 16 per cent to Rs. 20,369 crore, while the company maintained a market share of around 31 per cent.
Star Health said its combined ratio improved to 98.8 per cent in FY26 from 101.1 per cent in FY25, supported by better underwriting discipline and operating efficiency.
Managing Director and CEO Anand Roy said the company settled nearly 30 lakh claims worth over Rs. 11,900 crore during FY26.
High-value health insurance policies see sharp rise
The share of high-value health insurance policies with coverage ranging from Rs. 20 lakh to over Rs. 1 crore has more than doubled following the government's reduction of GST on individual health insurance policies.
According to data from Policybazaar, the share of policies with coverage between Rs. 20 lakh and Rs. 1 crore increased from 11 per cent to 16 per cent, while policies with coverage above Rs. 1 crore rose sharply from 2 per cent to nearly 12 per cent.
Industry experts attributed the rise to improved affordability after GST on retail health insurance was reduced from 18 per cent to zero. They also noted growing customer awareness about rising healthcare costs and increased interest in unlimited coverage plans.
Policybazaar said demand for highercoverage health plans has nearly doubled in recent months.
Health insurance share in non-life industry rises to 41%
This story is from the June 2026 edition of THE INSURANCE TIMES.
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