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Star Health Insurance Company: Reports Rs 2,000 Cr Premium In 2015-16

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On Friday, Star Health and Allied Insurance registered a growth in premium by 36 percent that is around Rs 2,000 crore during 2015-16. The country’s first individual health insurance company had clocked Rs 1,470 crore worth of premium in 2014-2015.

Star Health Insurance has crossed Gross Written Premium target of Rs 2,000 crore for 2015-16, registering a growth rate of more than 36 percent for the year,” the company said in a statement. As per the insurance company, new business premium stood at Rs 500 crore in the last financial year.

The Chennai-based company covers a total of 69 lakh customers. It has a capital base of Rs 549 crore, 300 branch offices and more than 7,600 network hospitals to serve its customers across the country.

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