Health (retail) premium was at Rs 11,947.5 crore (up 18% YoY) while Health-Group premium stood at Rs 807.5 crore (down 31% YoY) during the period under review.

Overseas and travel segment saw premium increased to Rs 2 crore and personal accident premium jumped 15% year on year to Rs 193.9 crore in March 2023.

Star Health and Allied Insurance Company has business interests in health, personal accident and overseas travel insurance and provides health insurance products to individuals, families and corporates, directly and through various channels – agents, brokers, online and digital channels. It is also a prominent bancassurance player with long standing relationship with various banks.

The company reported a net profit of Rs 210.47 crore in Q3 FY23 as against a net loss of Rs 578.37 crore in Q3 FY22. Total income grew 13.4% YoY to Rs 3,074.37 crore during the quarter.