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November 25, 2015 5:25 AM ET


Company Overview of Star Health and Allied Insurance Company Limited

Company Overview

Star Health and Allied Insurance Company Limited, a health insurance company, provides various health insurance plans for individuals, senior citizens, and families in India. It offers accident care insurance solutions that provide compensation in the event of death, and permanent and temporary disability; student insurance care policies that provide compensation in the event of death and permanent disablement, hospitalization expenses, and education grant suffered due to injuries; and travel protection insurance policies for individuals, families, students, and corporate customers. The company also provides health and life combination policies; and rural health insurance policies for people...

No.1, New Tank Street

Valluvar Kottam High Road


Chennai,  600034


Founded in 2005


91 44 2828 8800


91 44 2830 6700

Key Executives for Star Health and Allied Insurance Company Limited

Chairman, Chief Executive Officer and Managing Director
Age: 70
Chief Financial Officer
Chief Investment Officer and Deputy General Manager
Chief Compliance Officer and Executive Director
Chief Marketing Officer and Executive Director
Compensation as of Fiscal Year 2015.

Star Health and Allied Insurance Company Limited Key Developments

Star Health and Allied Insurance Seeks Financing

Star Health and Allied Insurance Company Limited is planning to raise INR 3 billion. Star Health and Allied has got into a fund raising mode. S Prakash, Executive Director of Star Health said, "We are looking at getting one more new private equity investor on board while offering a rights issue for existing investors."

Star Health Seeks To Raise Money

Star Health and Allied Insurance Company Limited seeks to raise INR 4 billion from a clutch of private equity investors to fund its expansion plans, according to its Chairman and Managing director V Jagannathan. The proceeds will be used to fund expansion plans. We have appointed JM Financial to raise this fund," Jagannathan said, adding that Star Health needs capital to grow its business.

Star Health and Allied Insurance Company Limited Is Seeking Financing

V Jagannathan, Chairman and Managing Director of Star Health and Allied Insurance Company Limited told that the company is planning to raise around INR 300-400 crore from existing investors as well as by diluting stake to foreign investors.

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