Star Health Targets ₹24,000 Crore Gross Written Premium in FY27
Star Health aims Gross Written Premium of Rs 24,000 crore in FY27: MD
The Economic Times
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Star Health and Allied Insurance Company Ltd aims to achieve a Gross Written Premium (GWP) of ₹24,000 crore (approximately $2.9 billion USD) in FY27, up from ₹20,400 crore in FY26. The company plans to launch two affordable health insurance plans targeting tier 2 and 3 cities, contributing to its goal of reaching ₹30,000 crore by FY28.
- 01Star Health aims for ₹24,000 crore GWP in FY27, up from ₹20,400 crore in FY26.
- 02The company will launch two affordable health insurance plans focused on tier 2 and 3 cities.
- 03Retail health segment accounts for 96% of Star Health's business.
- 04Claims settled in FY26 reached ₹11,903 crore covering 30.6 lakh claims nationally.
- 05Star Health expects to increase its business contribution from Andhra Pradesh and Telangana from 10% to 12-15% in the next few years.
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Star Health and Allied Insurance Company Ltd is targeting a Gross Written Premium (GWP) of ₹24,000 crore (approximately $2.9 billion USD) for the fiscal year 2027, a significant increase from ₹20,400 crore in FY26. The company's Managing Director and CEO, Anand Roy, announced the plans during a press briefing, emphasizing the launch of two new affordable health insurance plans aimed at tier 2 and 3 cities to drive growth. Star Health has set an ambitious goal of reaching ₹30,000 crore in GWP by FY28. The retail health segment remains the backbone of the company, contributing nearly 96% of its overall business. In FY26, Star Health settled claims worth ₹11,903 crore, covering 30.6 lakh claims nationwide, reflecting its commitment to customer service. The company has also experienced growth in the Andhra Pradesh and Telangana regions, with expectations to increase its business contribution from these areas from 10% to 12-15% over the next few years.
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The expansion of affordable health insurance plans will increase access to healthcare for residents in tier 2 and 3 cities, potentially improving health outcomes and financial security.
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