Star Health Settles 1 Crore Claims, Tops Market Share

Star Health Insurance Settles Over One Crore Claims, Disburses Rs. 44,000 Crore

Hyderabad, India: Star Health and Allied Insurance Company Ltd. (Star Health Insurance) has achieved a significant milestone by settling over one crore (ten million) claims since its inception in 2006, the company announced on Wednesday.

During this period, Star Health has disbursed over Rs. 44,000 crore in claim payments, covering both cashless and reimbursement claims across the country. The company highlighted that 14% of the claims were paid to senior citizens, 61% to other adults, and 25% to children.

Fever and infectious diseases were the most common reasons for claims, accounting for 20% of the total, followed by claims related to general medicine, gastroenterology, and orthopedics.

As of January 2024, Star Health Insurance holds the largest market share in the retail health insurance business in India, at 33%, according to the press release.

Commenting on the achievement, Anand Roy, MD and CEO of Star health insurance said, “This landmark accomplishment underscores our commitment towards our valued customers and bolsters our position as their preferred health insurance partner.

Star-Health-Insurance is a leading health insurance provider in India. It was founded in 2006 as the first standalone health insurance company in the country. They offer a wide range of health insurance plans, including individual and family plans, critical illness plans, and accident insurance plans.

Here are some of the key features of Star Health Insurance:

Large network of hospitals: Star Health Insurance has a wide network of hospitals and clinics across India, where you can avail of cashless treatment. This means that you will not have to pay for your medical bills at the time of hospitalization. The company boasts over 14,000 network hospitals as of 2024.

Quick claim settlement: Star Health Insurance is known for its fast and efficient claim settlement process. The company has an in-house team of claim settlement experts who work to settle your claims quickly and hassle-free.
Affordable premiums: Star Health Insurance offers a variety of health insurance plans at affordable premiums. You can choose a plan that suits your budget and your needs.

Wide range of covers: Star-Health-Insurance offers a wide range of covers, including hospitalization expenses, doctor’s fees, ambulance charges, and medicines. You can also choose a plan that covers critical illnesses, maternity expenses, and dental treatment.

Here are some of the popular health insurance plans offered by Star Health Insurance:

Star Comprehensive Insurance Policy: This is a comprehensive health insurance plan that covers hospitalization expenses, doctor’s fees, ambulance charges, and medicines. It also covers critical illnesses, maternity expenses, and dental treatment.

Star Critical Illness Insurance Policy: This plan covers the cost of treatment for a specified list of critical illnesses.
Star Unfall Personal Accident Insurance Policy: This plan covers the cost of treatment for accidental injuries.

If you are looking for a health insurance plan in India, Star Health Insurance is a good option to consider. They offer a wide range of plans at affordable premiums, and they are known for their fast and efficient claim settlement process.