Bengaluru, May 5, 2025: Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India’s largest retail health insurance company is pleased to announce the appointment of Mr. Rajeev Kher, Independent Director, as the Chairperson of its Board of Directors. The decision was taken at the Board meeting held on April 29, 2025. This appointment is subject to regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI).
Mr. Kher brings over four decades of distinguished service across international trade, industrial development, sustainable policy, and regulatory governance. A former Commerce Secretary to the Government of India and a senior officer of the Indian Administrative Service, Mr. Kher has held key leadership roles in the Ministries of Environment and Commerce, and served as a Member of the Competition Appellate Tribunal. He is widely regarded for shaping India’s Foreign Trade Policy (2015–2020), leading international trade negotiations, and championing regulatory frameworks that align with global standards. His expertise continues to be sought by government bodies, global corporations, and policy think tanks across domains.
Commenting on his appointment, Mr. Rajeev Kher said, “I am deeply honoured to take on this responsibility at a time when health insurance is becoming central to India’s social and economic resilience. Star Health has been a pioneer in this space, with a strong reputation for customer focus, innovation, and execution. I look forward to working closely with the Board and management to strengthen governance, drive long-term value, and steer the company through the evolving landscape of healthcare and insurance. Our focus will remain firmly on inclusive growth, ethical leadership, and institutional excellence.”
Welcoming the announcement, Mr. Anand Roy, Managing Director & CEO, Star Health, said, “We are privileged to have Mr. Rajeev Kher lead our Board at this important juncture. His visionary leadership, vast policy experience, and deep understanding of governance and public interest will be invaluable as we chart Star Health’s next phase of growth. Mr. Kher’s depth of policy expertise and leadership across critical domains will add immense value to Star Health as we continue to build a future-ready, purpose-driven organization. We look forward to his guidance in shaping the company’s next phase of growth and further strengthening our commitment to accessible and trusted health insurance for all.”
About Star Health and Allied Insurance: Star Health and Allied Insurance Co. Ltd. (BSE: 543412 | NSE: STARHEALTH) is a market leader in standalone health insurance in India. The Company commenced operations in 2006 and is India’s first Standalone Health Insurance Company. Star Health Insurance provides Health, Personal Accident and Travel Insurance to customer. The Company has grown to emerge as one of the preferred private health insurance Company in India with several pioneering products and services to its credit. With customer-centricity at its core, the Company has superior and innovative product offerings, service capabilities and a seamless claims management process. Star Health offers tailor made products to cater to the needs of customers across cancer, diabetes, cardiac illnesses and senior citizen, women and children specialized suite of health insurance offerings Star Health is India’s first health insurance Company to settle over 1 crore claims.
Star Health Insurance has a strong multi-channel distribution network with 913 offices, with 14,000+ network hospitals, over 7,75,000 licensed agents, robust bancassurance and financial institution partners, and 17,000 employees. In FY25, Star Health’s gross written premium stood at Rs.17,553 Cr with its net worth at Rs.8,668 Cr.
