Down 62% since the IPO, Star Health faces the Irdai test.
According to the insurance statistics handbook of the Insurance Regulatory and Development Authority of India (Irdai), Star Health and Allied Insurance Co. Ltd’s claim ratio stood at 66.4% in 2023-24, meaning it paid out ₹66.5 towards claim settlements for every ₹100 premium collected. This is higher than that of other stand-alone health insurers, with a claim ratio of 63.6%, but lower than that of general and health insurers, whose ratio stood at 82.5%.
Despite its dominant position, Star Health stock has struggled since its listing in December 2021, falling 62% to ₹353. So, what’s impacting its performance? Let’s break it down.
Market leader
Star is the second-largest…
