Star Health Boosts Leadership Team with Exciting New Board Appointments

CHENNAI, India, May 13, 2025 /PRNewswire/ — Star Health and Allied Insurance Company, India’s largest retail health insurer, is enhancing its leadership team. This move shows their commitment to improving operational strength.

Mr. Amitabh Jain has been promoted from Chief Operating Officer to Whole-time Director. With over 25 years in financial services, he is well-equipped for this role. He helped start ICICI Lombard and has a solid background in both strategy and operations. His qualifications include an engineering degree, an MBA, and a CFA charter.

Mr. Himanshu Walia, previously Chief Marketing Officer, has also become a Whole-time Director. He has over 22 years of experience in insurance and joined Star Health back in 2007. Walia has been key in shaping the company’s brand. Before Star, he worked with ICICI Lombard and Tata AIG. He holds an MBA in Marketing.

Both appointments become effective once approved by the IRDAI. This development reflects Star Health’s strategy to attract experienced leaders who can drive future growth.

Star Health and Allied Insurance

Star Health launched in 2006, being India’s first standalone health insurer. They offer a range of products, from health and accident insurance to travel coverage. Their mission centers on customer satisfaction, and they’ve introduced innovative solutions for issues like cancer, diabetes, and cardiac illnesses. Significantly, Star Health was the first in India to settle over 1 crore claims.

The company boasts a solid network, with 913 offices, over 14,000 associated hospitals, and more than 775,000 licensed agents. In FY25, their gross premiums reached ₹17,553 Crore, with a net worth of ₹8,668 Crore.

As the health insurance landscape grows increasingly competitive, companies like Star Health are focusing on leadership and innovation. According to data from the Insurance Regulatory and Development Authority of India (IRDAI), health insurance penetration in India has risen significantly. In 2019, it stood at about 35%, increasing to around 41% in 2022, showing the growing importance of health insurance among Indian consumers.

For more details, you can check out Star Health’s website.

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Star Health and Allied Insurance