Star Health Rakesh Jhunjunwala India covid-19 stars Star Health Rakesh Jhunjunwala India

Rakesh Jhunjunwala backed Star Health files DRHP for $1 billion IPO

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₹93.49 billion. It offers a range of coverage options primarily for retail health, group health, personal accident and overseas travel, which accounted for 87.9%, 10.5%, 1.6% and 0.01%, respectively, of its total GWP in Fiscal 2021.

For FY21, it issued 7 million health insurance policies. Since inception till date, it has processed approximately 6 million claims.

The company said it has seen a significant increase in claims across its network, in particular most recently during the resurgence in COVID-19 cases in April and May of 2021, which it expects may have an impact on its net Incurred Claims Ratio and our solvency ratio for Fiscal 2022.

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