Star Health and Allied Insurance Company Limited
ICICI Prudential Life Insurance decreased its stake in Star Health and Allied Insurance Company Limited from 4.87% to 4.79%, reducing its shareholding from 28,679,396 to 28,173,528 shares. This decrease occurred in the context of a rights issue.
India's first standalone health insurance provider, Star Health operates as a pure-play health insurer offering comprehensive coverage for individuals, families, and groups across the country. The company specializes in retail health insurance products, including policies for critical illnesses, medical expenses, hospitalization, and long-term health needs. Its dedicated focus exclusively on health insurance, distinct from multi-line general insurers, positions it to serve the growing demand for specialized health coverage among India's expanding middle class and salaried workforce.
Joint venture between ICICI Bank and Prudential plc. Total AUM in excess of Rs 3.2 lakh crore deployed across linked, participating and non-participating funds. CIO Manish Kumar has run the equity book for over a decade, with style biased to quality large and mid-caps. Active across primary and secondary markets through ULIP and group fund mandates.