Star Health and Allied Insurance rises on reporting 12% rise in gross direct premium for YTD November 2022

Star Health and Allied Insurance Company is currently trading at Rs. 601.75, up by 0.60 points or 0.10% from its previous closing of Rs. 601.15 on the BSE.

Star Health and Allied Insurance
Star Health and Allied Insurance

The scrip opened at Rs. 607.30 and has touched a high and low of Rs. 607.30 and Rs. 598.05 respectively. So far 6820 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 924.85 on 13-Dec-2021 and a 52 week low of Rs. 469.05 on 01-Jul-2022.

Last one week high and low of the scrip stood at Rs. 614.40 and Rs. 595.40 respectively. The current market cap of the company is Rs. 34704.77 crore.

The promoters holding in the company stood at 58.63%, while Institutions and Non-Institutions held 11.77% and 29.59% respectively.

Star Health and Allied Insurance Company has reported 12% growth in gross direct premium at Rs 7,589.5 crore (provisional) for YTD November 2022 as against Rs 6,770.3 crore for YTD November 2021.

Out of the total gross direct premium, Health-Retail premium stood at Rs 6,983.0 crore (provisional) for YTD November 2022 as compared to Rs 5,835.9 crore for YTD November 2021, i.e. up by 20%.

Health-Group premium and Personal Accident premium stood at Rs 490.4 crore and Rs 114.9 crore (provisional) respectively for YTD November 2022.

Star Health and Allied Insurance Company is providing sterling services in health, personal accident and overseas travel insurance etc.

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