September 01, 2014 8:26 PM ET

Insurance

Company Overview of Star Health and Allied Insurance Company Limited

Company Overview

Star Health and Allied Insurance Company Limited, a health insurance company, provides various health insurance plans for individuals, senior citizens, and families in India. It offers health insurance policies for future ailments/diseases and for pre existing diseases/conditions. The company also provides student insurance care policies that grant compensation in the event of death, disability, or hospitalization expenses for school and college students, schools, colleges, and research institutions; travel protection insurance policies for individuals, families, students, and corporate customers; and accident care insurance policies that provide compensation in the event of death, permanent...

No.1, New Tank Street

Valluvar Kottam High Road

Nungambakkam

Chennai,  600034

India

Founded in 2005

Phone:

91 44 2828 8800

Fax:

91 44 2830 6700

Key Executives for Star Health and Allied Insurance Company Limited

Chairman and Managing Director
Age: 69
Promoter and Chairman Emeritus
Promoter and Director
Chief Financial Officer
Assistant Vice President of Technical
Compensation as of Fiscal Year 2014.

Star Health and Allied Insurance Company Limited Key Developments

Star Health and Allied Insurance Mulls Raising Funds

Star Health and Allied Insurance Company Limited is looking to raise funds. During fiscal year 2015, the company is planning to raise around INR 1.2 billion. Chairman and Managing Director, V Jagannathan said that the plans to raise funds are to address the capital requirement in future course of business.

Star Health and Allied Insurance Company Launches Great Product 'Star Cardiac Care'

Star Health Insurance Company has come out with yet another innovative product ‘Star Health Cardiac care’ in a grand function held on April 5, 2013. Padma Bhushan Dr. V. Shanta Chairperson Adyar Cancer Institute launched the product in the presence of eminent cardiologists. The special feature of this product is to insure persons who have undergone CABG /PTCA procedure between 6 months – 3 years prior to inception of policy. This cover for heart ailments also includes protection for regular in patient hospitalization for other illnesses as well. There are two plans available under this scheme viz., Silver & Gold. Both plans have no sub limits for expenditure. Under Gold plan, medical management is also available for meeting expenditure in case of complications related to heart disease with appropriate drugs in Intensive Care Unit /High Dependency Unit/Ward. Star Health offers direct in-house claims settlement which ensures faster & hassle-free settlement. Networked with more than 5,400 hospitals across India, free expert medical consultation is offered over phone 24 X 7.

Tata Capital Reportedly Acquire Stake In Star Health and Allied Insurance

Tata Capital Limited reportedly is close to investing INR 1.2 billion Star Health and Allied Insurance Company Limited. Sources said, "A pact to this effect has finally been signed between a PE fund managed by Tata Capital and Star Health recently." The sources did not confirm the percentage of stake to be acquired by Tata Capital.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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