Star Health and Allied Insurance Company Limited has informed the Exchange about presentation on Star Flexi.
STARHEALTH · price
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Star Health has launched 'Star Flexi', a new add-on offering under its flagship 'Super Star' health insurance product, providing customers with three customizable tiers (Essential, Preferred, Secure) and multiple optional covers. The company also shared FY25 financial highlights: Gross Written Premium grew 15% to ₹17,553 crore, but profitability weakened with Combined Ratio worsening to 101.1% and an underwriting loss of ₹378 crore versus a ₹89 crore profit last year. PAT (IFRS) declined to ₹787 crore from ₹1,103 crore, and Return on Equity fell to 9.7% from 14.4%. The company outlined profitability levers including GMC portfolio recalibration, SME focus, repricing, higher sum insured, and claims digitization. Customer metrics improved with NPS rising to 54 from 42 and 2.3 crore lives covered.
The product launch should support retail growth and competitive positioning, but rising combined ratio above 100% signals margin pressure. Investors will watch whether the outlined levers (recalibration, repricing, claims digitization) help restore underwriting profitability in FY26.