India Ratings and Research has affirmed Star Health’s rating at ‘IND AA+’ with a Stable outlook, reaffirming its subordinated debt rating. The affirmation highlights Star Health’s market leadership, robust underwriting, and differentiated operating model, holding a 33% retail health insurance market share. In FY25, it reported a gross written premium of ₹16,781 crore, driven by its distribution network and brand equity.
Rating Reflects Strong Market Position
The ‘IND AA+’ rating with a Stable outlook reflects Star Health’s financial strength, supported by its operational efficiency and solvency ratio of 2.21x as of March 2025. This rating indicates the company’s strong market leadership, prudent risk selection, and efficient claims processing systems.
Financial Highlights
Star Health reported a gross written premium (GWP) of ₹16,781 crore in FY25. The company also reported a net profit increase to ₹646 crore for FY25, driven by a wide distribution network and strong brand equity.
Claims Processing Strength
The company’s efficient claims processing system, supported by a large team of in-house doctors, is a key differentiator. The technology-enabled framework ensures quick, transparent, and fair settlement for policyholders.
Commitment to Healthcare
Star Health is dedicated to expanding access to quality healthcare protection and aligning with the vision of ‘Insurance for All by 2047’. The company continues to drive industry standards in service delivery and financial strength.
Source: BSE
