Star Health: Latest News

All news where Star Health is mentioned

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19.06.2023 / 16:23

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Star Health loses grip in May; maintaining market share is key

₹541 apiece. The company had fared well in FY23.

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Star Health founder, director Venkatasamy Jagannathan resigns from board

₹102 crore net profit for the fourth quarter ended March 2023. The standalone health insurer had booked a loss of ₹82 in the January-March quarter of the preceding fiscal.

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BHEL, L&T Tech, Star Health, Dixon Tech among midcap stocks bought by mutual funds in April: Check full list here

₹6,480 crore in April, registering a steep fall of 68% from ₹20,534 crore-worth inflows in March, as per the Association of Mutual Funds in India (AMFI). While the large cap funds received the lowest inflows in April, inflows into midcap funds fell marginally to ₹1,782 crore from ₹2,128 crore, sequentially.

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Star Health rallies on 13% growth in gross written premium and highest ever PAT of Rs. 619 Cr in FY23

₹11,463.47 Cr. Whereas its GWP was Rs 4199.23 cr during Q4FY23 as against Rs 3096.68 Cr in the year-ago quarter. Star Health’s profit after tax (PAT) stood at Rs.

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₹327 cr in this health insurance firm in 1 day. Should you buy?

Star Health shares settled at ₹710.20 apiece down by ₹32.45 or 4.37% on BSE. The shares have touched an intraday low of ₹705 apiece and high of ₹765 apiece in the day. At the current price level, the company's market cap is around ₹40,914.63 crore.

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₹1,452 crore, thanks to this health insurance stock

₹640 mark. In seven trading sessions, Star Health shares have skyrocketed by more than 30%. Riding on the strong performance, Jhunjhunwala's wealth in the stock jumps around ₹1,452 crore in seven sessions.

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Star Health partners with MeitY to reach rural markets

Star Health and Allied Insurance Co. Ltd. and Common Services Centres (CSC), under the Ministry of Electronics and Information Technology, have partnered to provide over 5 lakh CSCs access to a select range of Star Health insurance products.

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Star Health, IDFC FIRST Bank announce Bancassurance tie-up

NEW DELHI: Star Health and Allied Insurance Company has signed a corporate agency agreement with IDFC FIRST Bank for distribution of its health insurance products. Under the agreement, Star Health will offer its health insurance products to the bank’s customers using the latter's digital platform and its distribution network.

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Irdai eases product approval norms for health, general insurers

The regulator has now extended the 'Use and File' or U&F procedure for all health insurance products and almost all general insurance products.

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Rakesh Jhunjhunwala's this health insurer is well poised in markets ahead. Here's why

Q4FY22, the company garnered a gross premium of ₹3,689.15 crore up from ₹2,704.54 crore in Q3FY22 and ₹3,261.82 crore in Q4FY21. Net premium jumped to ₹3,473.77 crore against ₹2,556.82 crore in Q3FY22 and ₹2,620.44 crore in Q4FY22. The company's premium earned was robust at ₹2,621.17 crore in Q4FY22 against ₹663.82 crore in Q4FY21.

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Star Health launches premier insurance policy

Star Health Premier Insurance Policy designed to cover the expenses incurred on hospitalization due to illness or accident for customers who are 50 years or older.

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Star Health may not settle claims if you get admitted to a non-network hospital

Mint on condition of anonymity.

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Rakesh Jhunjhunwala portfolio: Star Health gets buy, brokerages see up to 65% up

Rakesh Jhunjhunwala portfolio: Shares of Star Health Insurance got listed recently. The Rakesh Jhunjhunwala-backed public issue had a subdued listing and Star Health share price has been around its price band of ₹870 to ₹900 per equity share since listing. According to stock market experts, the insurance company has focus on retail business (B2C) and it is one of the well known brands in Indian market. The company was under stress due to higher number of claims during Covid pandemic spread but in the wake of unlock activities, the company is expected to come on track and in next one to two years, Star Health share price may go up to ₹1500 levels.

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₹6,000 crore profit as Star Health lists, but holds on to stake

Star Health and Allied Insurance Co, backed by ace investor Rakesh Jhunjhunwala, recovered after a weak stock market debut on Friday with the stock surging to a day's high of ₹940 per share on the BSE. Star Health shares were trading near its issue price of ₹900 in afternoon deals on its first day.

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Federal Bank and Star Health Insurance tie-up for bancassurance

Federal Bank has joined hands with Star Health and Allied Insurance Co Ltd as a corporate agent to provide a wide range of innovative health insurance products for the Bank’s 8.90 million customers spread over 1,291 banking outlets across the country. The Bank’s customers can avail benefits of Star Health’s retail products and group affinity products through the bank's various distribution channels thus helping customers address their complete financial needs under one roof.

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Star Health share price lists at discount. Should you buy, sell or hold?

Star Health share price made its debut on NSE at ₹845 whereas it opened on BSE at ₹848.8 apiece levels. According to stock market experts, tepid listing was expected as the valuations were around 15 to 20 per cent higher. They said that allottees should book loss at current levels and wait for 15 to 20 per cent correction from its upper price band of ₹900 and take fresh position for 6 month target of ₹1000 to ₹1100 levels.

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Star Health shares recover after listing at discount

₹845 per share on the NSE, a 6% discount to its IPO issue price of ₹900 apiece. However, the stock recovered in minutes after listing as it surged nearly 4% higher to ₹932 at around 10:15 am.

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Star Health shares make weak debut on exchanges, list at 6% discount

₹900 apiece.

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Star Health Insurance share listing may 'disappoint' allottees, say experts

Star Health share listing at a discount of around 5 to 10 per cent, market experts went on to add that Star Health share price today may debut at around ₹810 to ₹850 per equity share at Dalal Street.

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Star Health shares to list tomorrow. What to expect

mint. The initial public offering's (IPO) share allotment was finalized on Wednesday.

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Star Health IPO: Latest GMP as all eyes on shares listing

₹4,400 crore from ₹5,249 crore after its initial public offering got a tepid response.

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Star Health reduces OFS size

MUMBAI :

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Star Health cuts IPO size after tepid subscription

Star Health has cut the size of its initial public offering (IPO) to 64 billion rupees ($848.02 million) from 72.49 billion rupees earlier after a subdued response to the IPO last week, its prospectus showed.

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Star Health IPO: Latest GMP ahead of share allotment date. How to check

initial public offering (IPO) failed to get fully subscribed by the close of bidding. The IPO of the country's largest private health insurance firm was subscribed just 79%. Backed by billionaire stock investor Rakesh Jhunjhunwala, the company had priced its IPO between ₹870-900 per share.

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Star Health employees, MFs show no interest in its IPO

Star Health and Allied Insurance Co. Ltd gave a cold shoulder to its initial public offering (IPO), which closed on Thursday with the company raising less than what it intended to, according to data filed with the stock exchanges.

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Star Health cuts IPO size after tepid subscription

Star Health will cut the offer for sale portion of its IPO after the offering received a tepid response in its subscription period ending yesterday, according to a source.

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Star Health to cut OFS size amid weak demand for IPO

MUMBAI :

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Star Health IPO: Latest GMP, subscription status on last day of issue

initial public offer (IPO) of Star Health and Allied Insurance Company Limited was subscribed 20% till the second day of subscription on Wednesday. The three-day share sale opened for subscription on Tuesday and will conclude today. The price band has been set at ₹870-900 per share for its initial public offering (IPO).

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Star Health to launch its IPO today. Should you bet?

₹870-900 per share for its initial public offering (IPO). Star Health on Monday said it has raised a little over ₹3,217 crore from anchor investors ahead of its IPO.

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Star Health IPO: What GMP signals ahead of issue opening for subscription tomorrow

₹870-900 a share for its initial public offering (IPO) and at the upper end of the price band, the initial share sale is expected to fetch ₹7,249 crore.

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Watch for this week: Parliament session, India GDP, Star Health IPO

Mint’s Plain Facts section features five key data releases and events to watch for in the coming week. The winter session of Parliament will start on Monday. The government will also release the GDP data for Q2 this week. Stock markets will eye an IPO by health insurer Star Health and Allied Insurance. Here are the big events and data to watch for:

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Star Health IPO: GMP halves ahead of subscription opening next week

initial public offering (IPO) will open for subscription next week on Tuesday, November 30 and the three day share sale will conclude on December 2. The price band for its public offering has been fixed at ₹870-900 per share. The company is aiming for a valuation of about $7 billion in its public offering, as per a Reuters report.

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Star Health eyes around Rs50,000 crore valuation in IPO on growing demand for health insurance

MUMBAI :

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Rakesh Jhunjhunwala-backed Star Health aims for $7 billion valuation in IPO

Star Health and Allied Insurance Co is aiming for a valuation of about $7 billion in its initial public offering, a banking source told Reuters on Wednesday.

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Key IPOs including Nykaa, Jhunjhunwala-backed Star Health get SEBI's nod

IPO papers with Sebi between May and August, obtained its "observations" during October 11-14, an update with Sebi showed on Monday.

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Star Health launches new cancer care, cardiac care policies. Know key features

Cancer Care Platinum: Health insurance for individuals diagnosed and surviving with cancer. Covers persons aged between 5 months and 65 years with a sum insured up to ₹10 lakh.

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Rakesh Jhunjunwala backed Star Health files DRHP for $1 billion IPO

₹93.49 billion.

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Rakesh Jhunjhunwala-backed health insurance company files for IPO. Details here

Star Health & Allied Insurance has filed for its initial public offering (IPO) papers with the market regulator Securities and Exchange Board of India (SEBI). Founded in 2006, India’s leading health insurance provider Star Health provides health, personal accident and overseas travel insurance.

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Star Health files DRHP to raise funds via IPO

NEW DELHI :

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₹1,200 cr pre-IPO funding in Star Health

₹600 crore investment, and Capital Group, which is one of the big FIIs (foreign institutional investors) in the Indian stock market, invested around ₹300 crore MUMBAI : Star Health and Allied Insurance Co Ltd, the health insurer backed by billionaire Rakesh Jhunjhunwala and Westbridge Capital, raised around ₹1,200 crore in a pre-IPO funding round led by Singapore’s state investor GIC, two people aware of the development said.“The funding was closed earlier this quarter. GIC led the funding with around ₹600 crore investment, and Capital Group, which is one of the big FIIs (foreign institutional investors) in the Indian stock market, invested around ₹300 crore.

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Jhunjhunwala backed Star Health set to file for IPO

₹2,000 crore, three people aware of the development said.Founded in 2006 as India’s first standalone health insurance provider, Star Health provides health, personal accident and overseas travel insurance.“They are planning to file the draft red herring prospectus by the end of the month, but it is likely that this may slip into the first or second week of June," said one of the three people cited above, all of whom spoke on condition of anonymity.The initial public offering (IPO) is likely to be a mix of primary and secondary share sales by the company and the investors, he added.

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‘There is a case for the tenure of Covid-19 policies to be extended’

covid-19 claims on its business, and how it is dealing with healthcare providers to control costs. Edited excerpts:Given covid-19, the uptake for health insurance is quite evident. Standalone health insurers, in particular, saw a year-on-year 25.85% growth in August. What has been the driving force for Star Health?We are a standalone health insurer with more than 50% market share.

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Buying covid-specific health insurance policy? Keep these things in mind

As the number of coronavirus cases surge across country, health insurers like Star Health and Allied Insurance, ICICI Lombard, Bharti Axa Health, and Reliance General Insurance have rolled out covid-specific policies. Digit insurance too offered a similar product under the insurance regulator’s Sandbox regulation, but has now opened it for retail.

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United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0