Star Health and Allied Insurance Company Limited — Important, 17-05-2025: General Updates

Star Health has announced a board meeting to discuss the financial results for the quarter and half-year. The company launched Star Flexi, an add-on to its Super Star product, offering customizable health coverage with multiple curated packages to attract diverse customers and reduce policy migration. FY25 gross written premium rose 15% to ₹17,553 Cr, with a combined ratio near 100%, indicating underwriting breakeven. PAT on an IGAAP basis was ₹646 Cr, while IFRS showed a ₹378 Cr loss due to new accounting norms. Digital sales now account for 71% of premium collections, boosting efficiency.