Quarterly Updates18 Sept 2025, 11:06 am
Star Health Insurance Settles Over Rs.2,800 Crore in Claims in Karnataka in Last 5 Years
AI Summary
Star Health and Allied Insurance, India’s largest standalone retail health insurer, has settled more than 4.8 lakh claims and paid out over Rs.2,800 crore to customers across Karnataka over the last five financial years (FY21-FY25). The company has a market leadership position in retail health insurance in Karnataka, with a market share of 31% in health insurance. The number of lives insured in Karnataka stood at over 19 lakhs in FY25. Star Health Insurance offers innovative products and wellness initiatives, and a strong distribution network, aiming to enable healthier, more secure futures for every customer they serve.
Key Highlights
- Settled over 4.8 lakh claims in Karnataka between FY21-FY25
- Paid out over Rs.2,800 crore towards medical expenses in Karnataka in 5 years
- Market leadership position in retail health insurance in Karnataka, with a market share of 31%
- Over 19 lakhs lives insured in Karnataka in FY25
- Over 1 crore claims settled and over Rs.52,000 crore in claims paid nationally since inception