Star Well being and Allied Insurance coverage Co Ltd. MD and CEO Anand Roy on the launch of ‘House Well being Care Providers’ in 50 cities throughout India
Star Well being and Allied Insurance coverage Co Ltd., has drawn up plans to virtually double its Gross Written Premium (GWP) to about ₹30,000 crore over the subsequent 4 years.
“We’re aspiring to develop sooner than the trade. Our goal is to double our enterprise within the subsequent 4 years,” its MD and CEO Anand Roy informed the press.
In FY24, the standalone personal insurer recorded a GWP of ₹15,254 crore and internet revenue of ₹845 crore.
“We now have been rising at 22% (Compounded Annual Development Charge) from FY20-FY24. By FY28, our goal is to achieve ₹30,000 crore GWP. That is an inner goal,” he mentioned.
On Wednesday, the personal insurer unveiled 100% cashless house well being care providers in over 50 cities throughout India to avail remedy for infectious illnesses. For this, the corporate has tied up with main suppliers resembling Care24, Portea, CallHealth and Athulya Homecare to supply in-home medical care.
Star Well being Insurance coverage clients can avail remedy for infectious illnesses together with fever, acute gastroenteritis, urinary tract an infection and acute gastritis, by calling toll-free quantity 044-69006900 or by way of telephone or the Star Well being cell app.
With this collaboration, Star Well being Insurance coverage will provide seamless accessibility to main and significant care, built-in well being care providers, nursing, aged care, physiotherapists, toddler care, lab diagnostics and pharmacy on the buyer’s doorstep, Mr. Roy mentioned.
The top-to-end package deal covers all bills from skilled charges, nursing charges, drugs and lab checks with no out-of-pocket bills with this service. Medical doctors will probably be accessible at one’s doorstep inside a brief span of time and clients can get quick access to remedy, diagnostic checks and specialised care.
In FY24, Star Well being Insurance coverage’s retail premium in Tamil Nadu crossed ₹2,000 crore with greater than 12.5 lakh insurance policies offered.
