Star Health Insurance Insurance Data

healthIRDAI Reg. 129

India's largest standalone health insurer by premium. Specialises exclusively in health and personal accident insurance. Listed on NSE and BSE.

HQ: Chennai
Founded: 2006
Website ↗
IRDAI Disclosures ↗

Star Health Insurance is a health insurance company licensed by IRDAI (registration number 129). Its solvency ratio of 2.09× as of Q1 FY26-27 exceeds the IRDAI mandatory minimum of 1.5×, ranking 3rd among 7 health insurers. The company reported gross written premium of ₹4287 crore in Q1 FY26-27, ranking 1st by premium among 5 health insurers. Its incurred claim ratio of 68.0% in Q1 FY26-27 is below the health insurer median of 78.8%, ranking 2nd among 7 health insurers. Its combined ratio of 100.0% in Q1 FY26-27 is above 100%.

Peer rank among health insurers with data for that metric. Not shown when fewer than 3 peers have data.

A snapshot, not a time series — see Underwriting Performance, Revenue Mix and Distribution Mix for how these move quarter to quarter.

How to read this page

GWP — Gross Written Premium: total premium underwritten, including any reinsurance accepted.
GDPI — Gross Direct Premium Income: premium from direct business only. Insurers disclose both; they are not the same number.
ICR — Incurred Claims Ratio: net incurred claims ÷ net earned premium.
Commission ratio — net commission paid ÷ net written premium.
Combined ratio — (incurred claims + expenses + commission) ÷ net earned premium. Below 100% means an underwriting profit, before investment income.
Solvency ratio — available solvency margin ÷ required solvency margin. IRDAI's regulatory minimum is 1.50×.

This page shows figures in ₹ crore; the detail pages it links to (Underwriting Performance, Distribution Mix) show the same facts in ₹ lakh as filed. Where a filing for a given period couldn't be located, this site says "Not disclosed" rather than estimating.

GWP, Q1 FY26-27
₹4,287 cr
GDPI, Q1 FY26-27
₹4,287 cr
Gross Direct Premium Income

Star Health Insurance: Hybrid business — Health, Personal Accident and Travel together — made up 100.0% of gross direct premium in Q1 FY26-27; Agents/POSP carried 91.4% of premium in Q1 FY26-27.

Line of business — Q1 FY26-27 (₹ crore, % of GDPI)

Retail: bought directly by an individual (Motor). Hybrid: designed for individuals but sold in a group structure (Health, Personal Accident, Travel). Commercial: the end beneficiary is a business (Fire, Marine, Engineering, Liability, Aviation, Crop, Credit and other specialty lines).

SegmentGross direct premiumShare
Hybrid₹4,287 cr100.0%
Grand total₹4,287 cr100%

Retail/Hybrid/Commercial is this site's own classification of IRDAI's filed segments, not an IRDAI-defined category — see Underwriting Performance for the full per-segment detail this rolls up from.

Channel mix — Q1 FY26-27 (₹ crore, % of premium)

ChannelPremiumShare
Agents/POSP₹3,582 cr91.4%
Brokers₹194 cr5.0%
Banks₹110 cr2.8%
Corporate Agents₹29 cr0.7%
Others₹5 cr0.1%
Total₹3,920 cr100%

Regrouped from IRDAI Form NL-36's finer channel list — Agents/POSP = Individual agents + Point of Sales Persons; Others = Micro agents, Common Service Centres, Insurance Marketing Firms, MISP, Web aggregators and Referral arrangements. See Distribution Mix for the full unrounded breakdown.

Full data, every metric

gross written premium₹4,287 croreQ1 FY26-27NL-35-QUARTERLY-BUSINESS-RETURNS
solvency ratio2.09×Q1 FY26-27NL-26-SOLVENCY-MARGIN
required solvency margin₹3,65,691 lakhQ1 FY26-27NL-26-SOLVENCY-MARGIN
available solvency margin₹7,65,423 lakhQ1 FY26-27NL-26-SOLVENCY-MARGIN
claim settlement ratio78.5%FY24-25Handbook-Table-53
incurred claims ratio68.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
combined ratio100.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
expense ratio32.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
expense ratio to gross premium31.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
profit before tax₹469 croreQ1 FY26-27NL-2-B-PL
profit after tax₹349 croreQ1 FY26-27NL-2-B-PL
net commission ratio14.7%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
net retention ratio95.4%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
investment income ratio1.6%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
underwriting balance ratio3.0%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
operating profit ratio7.9%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
net earning ratio8.5%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
gross direct premium to net worth ratio54.00×Q1 FY26-27NL-20-ANALYTICAL-RATIOS
net worth growth rate4.7%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
gross direct premium growth rate19.2%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
Brokers policies96,094Q1 FY26-27NL-36-BUSINESS-CHANNELS
Common Service Centres (CSC) policies646Q1 FY26-27NL-36-BUSINESS-CHANNELS
Individual Agents policies16,80,917Q1 FY26-27NL-36-BUSINESS-CHANNELS
Brokers premium₹19,420 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Banks premium₹10,955 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Insurance Marketing Firm premium₹219 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Web Aggregators premium₹245 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Individual Agents premium₹3,58,240 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Point of Sales Person (Direct) policies16Q1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Others policies4,947Q1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Banks policies31,416Q1 FY26-27NL-36-BUSINESS-CHANNELS
Insurance Marketing Firm policies913Q1 FY26-27NL-36-BUSINESS-CHANNELS
Web Aggregators policies1,154Q1 FY26-27NL-36-BUSINESS-CHANNELS
Point of Sales Person (Direct) premium₹1 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Corporate Agents – Others premium₹2,862 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Common Service Centres (CSC) premium₹67 lakhQ1 FY26-27NL-36-BUSINESS-CHANNELS
Direct Business – Online policies-29,017Q3 FY25-26NL-36-BUSINESS-CHANNELS
Direct Business – Officers/Employees policies1,92,467Q3 FY25-26NL-36-BUSINESS-CHANNELS
Direct Business – Online premium₹11,529 lakhQ3 FY25-26NL-36-BUSINESS-CHANNELS
Direct Business – Officers/Employees premium₹24,619 lakhQ3 FY25-26NL-36-BUSINESS-CHANNELS
real estate & subsidiaries31,693 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
mutual funds1,89,844 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
other investments2,02,580 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
government securities7,64,118 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
infrastructure & housing1,79,220 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
other approved securities5,89,075 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
equity & preference shares1,23,067 INR_lakhsQ1 FY26-27NL-12-INVESTMENT-SCHEDULE
housing & infrastructure13.5%Q1 FY26-27NL-28B-EXPOSURE-NORMS
govt + approved securities35.8%Q1 FY26-27NL-28B-EXPOSURE-NORMS
central govt. securities25.6%Q1 FY26-27NL-28B-EXPOSURE-NORMS
gross npa (amount)0 INR_lakhsQ1 FY26-27NL-30-NON-PERFORMING-ASSETS
gross npa ratio0.00%Q1 FY26-27NL-30-NON-PERFORMING-ASSETS
npa provision coverage0.0%Q1 FY26-27NL-30-NON-PERFORMING-ASSETS
health segment premium₹4,25,462 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
travel segment premium₹222 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
personal accident segment premium₹3,028 lakhQ1 FY26-27NL-4-PREMIUM-SCHEDULE
claims repudiation ratio12.33%FY24-25Handbook-Table-53
claims paid to provisioned ratio61.4%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
book value per share₹134.93Q1 FY26-27NL-20-ANALYTICAL-RATIOS
debt to equity ratio0.06×Q1 FY26-27NL-20-ANALYTICAL-RATIOS
gross NPA ratio0.00%Q2 FY24-25NL-20-ANALYTICAL-RATIOS
net NPA ratio0.00%Q2 FY24-25NL-20-ANALYTICAL-RATIOS
technical reserves to premium ratio277.6%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
health incurred claims ratio68.1%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
travel incurred claims ratio6.7%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
personal accident incurred claims ratio56.1%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
health combined ratio100.2%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
personal accident combined ratio80.2%Q1 FY26-27NL-20-ANALYTICAL-RATIOS
travel combined ratio95.4%Q1 FY26-27NL-20-ANALYTICAL-RATIOS

Data from IRDAI public disclosures. Click a metric name for full history and provenance.

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