Star Health and Allied Insurance Co. Ltd. announced the formal appointment of Mr. Himanshu Walia and Mr. Amitabh Jain as Whole-time Directors and Key Managerial Personnel, effective February 11, 2026, for a period of five years. The appointments, previously approved by the Board and Shareholders, received final approval from the IRDAI. Both individuals bring extensive experience in the insurance and financial sectors to their new roles.
Confirmation of Key Management Appointments
Star Health and Allied Insurance Co. Ltd. has formally confirmed the appointment of two key executives, Mr. Himanshu Walia and Mr. Amitabh Jain, as Whole-time Directors and Key Managerial Personnel of the Company. This confirmation follows prior approvals from the Board of Directors and Shareholders, with the final ratification received from the regulatory authority effective February 11, 2026. Both appointments are sanctioned for a tenure of five years.
Profile of Mr. Himanshu Walia (DIN:11101338)
Mr. Walia joins the board with over 22 years of rich experience across insurance operations, distribution, and group business. He has been associated with Star Health since 2007 and currently serves as the Chief Marketing Officer, leading the integrated sales and distribution structure. His focus is on driving business growth and enhancing market share through strategic scaling. He holds an MBA in Marketing.
Profile of Mr. Amitabh Jain (DIN:11101339)
Mr. Jain brings more than 25 years of experience in financial services, including over 20 years in general insurance, having been a founding member of ICICI Lombard in 2001. He joined Star Health in 2023 as Chief Operating Officer. In this capacity, he oversees claims, underwriting, business operations, and product design strategy, emphasizing technological integration and process excellence. He holds an engineering degree, an MBA, and is a CFA Charter holder.
Compliance Confirmation
The Company further confirmed that both Mr. Walia and Mr. Jain are not debarred from holding director positions by any regulatory order and are not disqualified under Section 164 of the Companies Act, 2013. No material relationship disclosures were noted between the newly appointed Directors.
Source: BSE
