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Star Health and Allied Insurance has reported profit after tax (PAT) of Rs.619 crore in FY 23, much higher than the loss of Rs.1041 crore in FY 2022.
The company has received a total premium of Rs. 12,952 crore in FY23, a growth of 13% in a year.
Further, the company has appointed Anand Roy as the new Chief Executive Officer and Managing Director
Roy has over two decades of experience in the Indian insurance and banking sector and has been associated with Star Health since inception in 2006. He has held several leadership positions in the organization including ED and CMO.
The company has also appointed V Jagannathan as the non-executive Chairman of the board.