Star Health & Allied Insurance Company Ltd News

New India, GIC, other insurance cos fall up to 6% as GST decision deferred

In one month, the stock prices of ICICI Prudential, HDFC Life and SBI Life have fallen between 6 per cent and 10 per cent, as against the 2 per cent decline in BSE Sensex

Star Health & Allied Insurance eyes 18% GWP growth this financial year

Star Health reported an 11 per cent drop in profit after tax (PAT) to Rs 111 crore during the quarter ended September 30, down from Rs 125 crore in the corresponding quarter last year

Star Health drops 5% as Irdai issues show cause notice for violating norms

The fall in insurer's share price came after the company announced that the Insurance Regulatory and Development Authority of India (Irdai) has issued a show cause notice for violating norms

TVS' Srinivasan, Star Health founder launch health insurance product

Plan allows customers to make multiple claims within same policy year

This Rekha Jhunjhunwala portfolio stock nears record low; down 29% in 2 mth

Star Health and Allied Insurance Company shares hit a 52-week low of Rs 463, down 4% in intra-day deal and trading near its all-time low of Rs 451.10 hit on January 30, 2023.

Star Health slips 7% after reporting 11% fall in PAT in Q2 to Rs 111-cr

Star Health's total expenses also increased 18.7 per cent to Rs 3,898.58 crore in the quarter under review as compared to Rs 3,283.99 crore

Star Health Insurance absolves security chief in data leak incident

In August, Star Health faced a data leak, where stolen customer data including medical reports, were publicly accessible via chatbots on messaging app Telegram and through websites

Star Health receives $68,000 ransom demand from cyberhacker after data leak

The company, whose shares have declined 11 per cent, has launched internal investigations and has taken legal action against Telegram and the hacker

Star Health investigates alleged role of security chief in data leak

Investigation comes after the hacker, an individual dubbed xenZen, publicly asserted on his website that the executive had 'sold all this data to me'

Cloudflare denies hosting sites linked to data leak at India's Star Health

Star also sued Telegram and hacker xenZen, after it was reported that sensitive personal data, from numbers to copies of identity cards and blood reports of customers, were publicly accessible

Hacker uses Telegram chatbots to leak data of Star Health Insurance: Report

Using the chatbots enabled downloading policy and claims documents featuring names, phone numbers, addresses, tax details, copies of ID cards, test results and medical diagnoses

Time to book profit in insurance stocks as GST meet looms? Key levels here

Star Health, ICICI Lombard, ICICI Pru Life, SBI Life and HDFC Life stocks have zoomed up to 28% so far in the September quarter. Time to keep track of these key pivot points as per technical charts.

Go Digit, Star Health extend rally after Jefferies initiates coverage

In the past two trading sessions, Go Digit's stock increased up to 3 per cent. Including today's gain, it reached an intraday high of Rs 370 on Monday.

LIC, HDFC Life: Insurers stocks log up to 20% gain in July; what next?

Technical charts suggest that bias for insurance shares, barring Star Health, remain upbeat; hence, these stocks could see up to 12 per cent further upside from current levels.

Star Health and Allied Insurance Q1 results: GWP rises 18% to Rs 3,476 cr

Standalone health insurance provider Star Health and Allied Insurance Company has reported an 18 per cent rise in its Gross Written Premium for the April-June 2024 quarter at Rs 3,476 crore. The company had recorded a Gross Written Premium of Rs 2,949 crore during the same period of last financial year. Investments assets grew by 19 per cent year-on-year to Rs 15,802 crore, with an investment income of Rs 295 crore. The city-based company in a statement on Wednesday said it made an underwriting profit of Rs 140 crore during the April-June 2024 quarter. Commenting on the financial performance, Star Health and Allied Insurance Company Ltd MD and CEO, Anand Roy said, "in line with our stated strategy, we have witnessed a strong growth trajectory in Q1FY25, resulting in 18 per cent GWP growth. Our robust underwriting, expanded agent network, strengthened bancassurance collaborations, digital channels and initiatives like home health care underscore our commitment to accessible, qualit