Star Health - Value-Accretive Business Strategy: Anand Rathi Initiates Coverage

Star Health is the largest private health insurer in India.

<div class="paragraphs"><p>Filling an insurance form in hospital. (Source: freepik)</p></div>
Filling an insurance form in hospital. (Source: freepik)

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy. 

Anand Rathi Research Report

Star Health and Allied Insurance Company Ltd. is focused on the retail health segment, which is expected to emerge as the key driver of the overall health insurance industry in India on account of its low penetration and positive demographic realities.

The company was the first standalone health insurance company established in India in 2006; this has helped create a rich legacy of experience and brand recall.

Star Health is the largest private health insurer in India; the company has grown into the largest SAHI company in India’s overall health insurance market, consistently ranked first in the retail health insurance market.

The company’s market share of 32.87% in the retail health gross written premiums is a testimony to its leading presence in this segment of India’s general insurance industry.

Key Risks:

  • Regulatory overhang on agency arbitrage.

  • Rising competitive intensity.

  • Mis-selling by insurance agents.

  • Credit risks related to investments.

Click on the attachment to read the full report:

Anand Rathi Initiating Report on Star Health.pdf


This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.