Star Health and Allied Insurance Company Ltd. (Star Health Insurance) has been recognized as the most sustainable insurance company in India in the S&P Global Corporate Sustainability Assessment (CSA). The company scored 53 out of 100, with a significant 10-point improvement in its Environmental, Social, and Governance (ESG) parameters. This achievement highlights Star Health’s commitment to sustainability, transparency, and fostering a strong ESG culture. The company’s focus on sustainability is reflected in its corporate governance, human capital management, and climate strategy.
The S&P Global CSA score measures a company’s sustainability performance relative to its industry peers. This recognition reflects Star Health’s dedication to integrating ESG principles into its operations and ensuring long-term value for all stakeholders. The company’s mission is to provide customer-centric health insurance solutions while contributing positively to society and the environment.
Star Health’s MD and CEO, Anand Roy, attributed the company’s success to its employees, customers, suppliers, and partners. He emphasized the company’s commitment to innovation, operational excellence, and responsible practices that contribute to a more sustainable future.
As a leading standalone health insurer in India, Star Health offers a range of health, personal accident, and travel insurance products. It has a strong distribution network, with over 9,100 offices, 14,000+ network hospitals, and robust bancassurance partnerships. The company has settled over 1.2 crore claims worth INR 54,000 crores and reported a gross written premium of Rs 15,254 Cr and a net worth of Rs 6,339 Cr in FY24.