Title:
FINANCIAL PERFORMANCE OF STAR HEALTH INSURANCE AND ALLIED CO LTD. FOR THE RECENT DECADE

Authors:
Makkella. Siva Krishna

Abstract:
Protection is a monetarist device explicitly intended to lessen the monetary effect of unforeseen occasions and make monetary security. The medical coverage organizations in India have quickly become quite possibly the main area in the country that drifts around 10% in thickness computations. Star Health and Allied Insurance Company Limited is India's first independent healthcare coverage organization confronting a parcel of difficulties because of the mushroom development of the overall safety net providers in India during the new past. The Chennai-based wellbeing safety net provider enlisted a gross composed premium (GWP) of ₹12,952 crore in FY23, which is 13% higher than the GWP during a similar period a year prior. The Star Health and allied Insurance Company Limited enlisted a retail wellbeing premium of ₹11,948 crore in FY23, a development of 18% over FY22 figures. It secured a Gross Premium of Rs 686,514 lakh in the monetary year 2019-20 when contrasted with the earlier year 2018-19 Rs 540,129 lakh, enrolling a development of Rs 146,385 lakh (27.10%). Star Health and Allied Insurance Company Limited assume a significant part in the main medical coverage market with a tremendous organization of 9600 or more clinics accessible for credit-only hospitalization in India with in excess of 460 branch workplaces, subsequently this paper plans to dissect the monetary presentation from 2009 to 2018 utilizing Proportion examination from the yearly reports of the organization. This study portrays that the dissolvability position of the organization at Walk 2020 was 1.88 and the return to total assets proportion is 13.94 percent, which is clear that even in the predominant Coronavirus circumstance the organization's viewpoint is positive.

Keywords:
Protection, Solvency, Current Ratio, Return to Net worth Ratio, Net Retention Ratio.