Founded in 2006 as India’s first standalone health insurance provider, Star Health provides health, personal accident and overseas travel insurance. Emails sent to Rakesh Jhunjunwala, Westbridge Capital and Star Health remained unanswered. The investor consortium, which also includes Madison Capital, had in August 2018 agreed to acquire over 90% stake in Star Health from existing investors Star Health Investments Pvt. The proposed IPO will make Star Health the fourth private sector insurance provider to list on Indian stock exchanges, following HDFC Life Insurance Co. Ltd, ICICI Prudential Life Insurance and ICICI Lombard General Insurance. Other listed insurance companies include SBI Life Insurance and state-owned The General Insurance Co. of India and New India Assurance Co. Ltd.

Source: Mint May 24, 2021 17:15 UTC