Star Health and Allied Insurance Company Limited — Updates, 23-12-2024: Press Release

Star Health and Allied Insurance Company Limited has secured the Runner-Up award for "Most Effective Insurance Penetration" at the ASSOCHAM Global Insurance Summit & Awards 2024. This accolade highlights the company’s impactful efforts in expanding health insurance access across India. Star Health's focus on affordable insurance is evident as it increased lives insured from 15.66 million in FY 2020 to 22.99 million in FY 2024, with significant contributions from both urban (15% in FY 2025) and rural areas (22% in FY 2025). The company, renowned for its innovative products tailored for various segments, leverages technology, utilizing AI-powered claims processing to enhance customer experience. This recognition reinforces Star Health’s strategic objectives of driving insurance penetration and financial inclusion while positioning itself as a crucial player in transforming India's health insurance landscape. With a strong distribution network and a commitment to quality service, the company is well-placed for continued growth and impact in the sector.