Times of India
 
CHENNAI: Health insurer, Star health insurance, has posted Profit After Tax (PAT) of 213 crore during the quarter ended June 30, 2022. In the corresponding first quarter of last financial year (2021-22), the company recorded losses to the tune of 209 crore as claims shot up due to the second wave of Covid-19 leading to a spike in hospitalization during the delta wave.
 
Currently, the city based company is focusing on the retail segment of health insurance policies. This has reflected on the Gross Written Premium (GWP) that grew by 12.7% at 2,463 crore during Q1 of the current financial year over the first quarter of the last fiscal (FY22) at 2,185 crore.
 
V Jagannathan, chairman and CEO of Star Health and Allied Insurance Company Limited said, the retail premium growth was 20% during the first quarter of the current financial quarter of the current financial year over the first quarter of the previous financial year (2021-22). “ We are concentrating largely on the retail segment and taking group health insurances from the SME segment as the incurred claims ratio is very comfortable,” he said.