business star health to focus on retail in bid to grow premiums

Star Health To Focus On Retail In Bid To Grow Premiums

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Star Health Insurance aims for substantial premium growth, targeting 30,000 crore in three years while improving profitability by lowering the combined ratio to 97%. The company is prioritizing its retail business and limiting group insurance exposure, focusing on SMEs. To manage medical inflation, Star Health is negotiating with hospitals and implementing premium adjustments, rewarding healthy policyholders with discounts.