Sign In
Subscribe

Star Health Insurance Ranks Highest In Sustainability Among Indian Insurance Companies

MUMBAI, India, Feb. 18, 2025 /PRNewswire/ — Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India’s largest retail health insurance provider, has secured the highest sustainability score among insurance companies in the Indian Insurance sector in S&P Global Corporate Sustainability Assessment. Star Health Insurance becomes India’s most sustainable insurance company 2024 in the S&P Global Corporate Sustainability Assessment (CSA). The Company has secured a score of 53 based on the robust Environmental, Social, and Governance (ESG) parameters. This accomplishment highlights the Company’s constant focus on sustainable practices, transparency and fostering a strong ESG culture. The remarkable 10-point improvement in the score highlights Star Health’s progress in key areas such as corporate governance, human capital management and climate strategy. This recognition reflects the company’s commitment to integrating ESG principles into its operations and ensuring long-term value for all stakeholders.

Speaking on the achievement Mr. Anand Roy – MD & CEO at Star Health Insurance said, “We continuously evolve our business model to deliver excellence across all parameters and this is reflected in our sustainability rating too. This milestone underscores our leadership in sustainability and responsible business practices. This recognition reflects our dedication to integrating environmental, social, and governance principles into every aspect of our business. We remain committed to creating long-term value for our stakeholders through innovation, operational excellence and responsible practices that contribute to a more sustainable future for all. Thanks to our employees, customers, suppliers and partners for helping us embark on this journey and enable a more sustainable future”

The S&P Global Corporate Sustainability Assessment (CSA) Score measures a company’s sustainability performance related to industry counterparts. The S&P Global ESG score measures management of material ESG risks, opportunities and impacts informed by company disclosures, media and stakeholder analysis, and in-depth company engagement via the S&P Global CSA.

As Star Health Insurance continues to lead the way in sustainable practices, it remains focused on its mission of customer-centricity, transparency and innovative health insurance solutions while contributing positively to society and the environment.

 

About Star Health and Allied Insurance: 

Star Health Insurance is India’s leading standalone health insurer, operating since 2006. The Company offers Health, Personal Accident and Travel Insurance, with specialized products for cancer, diabetes, cardiac illnesses, senior citizens, women and children. Star Health has a strong distribution network, including 910 offices, 14000+ network hospitals, ~17000 employees, 7.6 lac+ agents, and robust bancassurance partnerships. The Company is also among the first in India to settle over 1.2 crore claims amounting to INR 54,000 crores. In FY24, Star Health reported a gross written premium of Rs 15,254 Cr and a net worth of Rs 6,339 Cr.

For more information: http://www.starhealth.in

Source: PR Newswire

Top Stories

Related Articles

Shopping Cart

Media Kit

    Data Protection

    Personal Data (“Data”) submitted for Media Kit (“Media Kit”), and/or collected in the form of first name, last name, email address and other contact details may be used for the purposes of inviting you to future events and for reaching out to you with content which may be of interest to you. For these purposes, Coeus Intelligence will share the Data with our associate companies (including event and content sponsors) to promote their products and services. If you would like to opt-out, email us at [email protected].

    By clicking Submit, you acknowledge that you consent/ have sufficient informed consent to the collection, use and disclosure of Data as set out above.

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

            COVID-19
            Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

            Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

            The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

            Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

            Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

            Request Nomination Pack

            Error: Contact form not found.