Star Health and Allied Insurance Company Limited has informed the Exchange regarding a press release dated May 05, 2025, titled "Star Health Appoints Mr. Rajeev Kher as Chairperson of the Board".
STARHEALTH · price
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Star Health has appointed Mr. Rajeev Kher, currently an Independent Director, as the new Chairperson of its Board, effective from a decision taken at the Board meeting on April 29, 2025. The appointment is subject to regulatory approval from IRDAI. Mr. Kher is a former Commerce Secretary to the Government of India and a senior IAS officer with over four decades of experience in international trade, industrial development, and regulatory governance. He played a key role in shaping India's Foreign Trade Policy (2015–2020). Star Health is India's largest retail health insurance company with FY25 gross written premium of Rs. 17,553 Cr and a net worth of Rs. 8,668 Cr.
The elevation of a highly experienced former bureaucrat to Chairperson is likely to be viewed positively by the market as it signals strengthened governance and policy-level expertise at the top. Investors should watch for IRDAI approval, which is still pending before the appointment becomes fully effective.