Star Health Insurance reports 13% growth in gross direct premium for FY2023 Detail News:
Star Health Insurance has seen a significant increase in their gross direct premium for the first nine months of fiscal year 2023, with a growth of 13% from the previous year. The company reported a gross premium of ₹ 7,774 crore, which has now risen to ₹ 8,752 crore. Specifically, the retail health premium saw a 19% increase to ₹ 8,045.5 crore, whereas the group health premium decreased 38% to ₹ 572 crore. On the other hand, the personal accident premium experienced a 23% growth, reaching ₹ 133.5 crore.
| Gross Direct Premium (in Rs. Crore) | YTD December 21 | YTD December 22 | Change (%) |
| Health-Retail | 6,741.0 | 8,045.5 | 19% |
| Health-Group | 924.7 | 571.7 | -38% |
| Overseas/Travel | 0.2 | 1.3 | – |
| Personal Accident | 108.5 | 133.5 | 23% |
| Total | 7,774.3 | 8,752.0 | 13% |
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