Star Health maintains strong rating with stable outlook from Ind-Ra

Star Health and Allied Insurance Company Limited announced on October 4, 2025, that India Ratings and Research (Ind-Ra) has affirmed its rating at ‘IND AA+’ with a stable outlook. Ind-Ra also reaffirmed the subordinated debt rating at ‘IND AA’ with a stable outlook. This reflects Star Health's strong market leadership, robust underwriting practices, and differentiated operating model, maintaining a 33% share of the retail health insurance market.

For FY25, Star Health reported a gross written premium (GWP) of ₹16,781 crore, driven by its wide distribution network and brand equity. The company’s financial resilience is supported by a solvency ratio of 2.21x as of March 2025, well above the regulatory minimum of 1.5x. Net profit rose to ₹646 crore in FY25, showcasing healthy profitability and sustained long-term growth.

The affirmation underscores Star Health's commitment to quality healthcare protection and industry-leading standards in service delivery. Its operational model, which includes a large team of in-house doctors and efficient claim processing systems, contributes to its strong financial performance and customer trust.