Star Health and Allied Insurance Company Ltd has outlined its growth plans for the current financial year, targeting a rise in gross written premium (GWP) to ₹24,000 crore, as per The Economic Times report.
The company is focusing on expanding its reach, particularly in tier 2 and tier 3 cities, while continuing to strengthen its retail health insurance portfolio.
The company has set a GWP target of ₹24,000 crore for FY27, up from ₹20,400 crore recorded in FY26.
This forms part of its broader objective to reach ₹30,000 crore in GWP by FY28. The planned growth reflects a steady expansion strategy aligned with increasing demand for health insurance across segments.
Currently offering 35 health insurance plans, the company is preparing to introduce two additional affordable products during the financial year. These offerings are expected to focus on customers in smaller cities, where insurance penetration remains relatively low. The approach indicates an emphasis on accessibility and broader market coverage.
The retail health insurance segment continues to form the core of the company’s operations, contributing approximately 96 per cent of the overall business. The remaining 4 per cent comes from the group insurance portfolio. This distribution highlights the company’s reliance on individual policyholders rather than corporate clients.
In the Andhra Pradesh and Telangana region, the insurer reported settlement of claims worth ₹1,254 crore in FY26, covering around 1.8 lakh claims. This represents an increase from ₹1,014 crore in FY25, indicating a year-on-year growth of about 24 per cent.
The company also reported growth in regional GWP, which rose from ₹1,928 crore in FY25 to ₹2,268 crore in FY26. Additionally, the number of policies increased from 8.8 lakh to 9.4 lakh, reflecting expanding customer adoption in these markets.
As of 6 May 2026, the Star Health and Allied Insurance Company’s share price stood at ₹519.50, marking a rise of ₹2.15 or 0.42% compared to the previous close of ₹517.35.
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Star Health’s target of ₹24,000 crore in GWP for FY27 reflects a measured growth strategy supported by product expansion and deeper regional penetration. With a strong focus on retail health insurance and increased activity in emerging markets, the company appears positioned to pursue steady scale-up while maintaining its existing business mix.
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Published on: May 6, 2026, 12:29 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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