Star Health and Allied Insurance Unlisted Shares

Star Health and Allied Insurance Co Ltd commenced its operations in 2006 with the business interests in Health Insurance, Overseas Mediclaim Policy, and Personal Accident. With no other insurance category to focus and divide the attention, they use their resources to focus on service excellence, design products and use core competency of innovation to deliver the best to our customers.

At Star Health Insurance, the company offers a wide range of health insurance products at affordable prices to make health insurance every human being’s right. And as a company, single-mindedly dedicated to health insurance.

The company is mainly into retail health, which constitutes 92 percent of the business, while corporate business accounts for 8 percent of sales.

Key Highlights

1. India’s First Stand-Alone Health Insurance Company.

2. Pan India Presence With More Than 440+ Branch Offices.

3. Cashless Hospitalization And Reimbursement Facility In Our Large Network Base With More Than 8800+ Hospitals Across India.

4. Hassle-free and customer-friendly direct claim settlement without the intervention of TPA.

5. W.H.O Award Of Excellence 2017 from the former Honorable President of India Shri Pranab Mukherjee.

6. Best Health Insurance Provider Of The Year – Business Today, Money Today Financial Awards 2016-2017.

7. Awarded As The ‘Claims Service Company Of The Year, 2014’, Beating 28 General Insurance Companies At The Indian Insurance Award.

8. Rated Best Claim Settlement Insurer – Hindustan MaRs Survey.

9. Wide Range Of Health Insurance Products From Family Floater Schemes To Senior Citizen Health Coverage.

10. Personalized Doctor Visit For All Customers Getting Hospitalised.

Star Health and Allied Insurance Unlisted Shares Details:

Total Available Shares:	1500
Face Value:	₹ 10 Per Equity Share
ISIN:	INE697S01017
Lot Size:	100 Shares
Current Unlisted Share Price:	₹ 155 Per Equity Share
Retail Discount:	Bulk Deal (1%)

Promoters And Management:

1. Mr. V. Jagannathan , Chairman cum Managing Director A dozen of the insurance industry with over 40 years of experience in the Insurance sector. He has held various positions of authority, including that of CMD of one of India's largest Public Sector insurance companies. 2. Padmashree, Mr. D. R. Kaarthikeyan Padmashree Mr. D. R. Kaarthikeyan started his career as a lawyer and later entered the IPS. He held various prestigious positions, including Director of Police Academy - Mysore, Chief of Intelligence, Security, Karnataka State, Director General of Central Reserve Police, Director of the CBI and Director General of the National Human Rights Commission. He is currently a visiting professor in many prestigious institutions

Financials of Star Health and Allied Insurance Unlisted Shares:

Particulars	2018-19(Cr)	2017-18(Cr)	2016-17(Cr)
Gross Domestic Premium	5401	4161	2960
Net Premium	4128	3196	2283
Operating Expense	997	861	625
Net Profit	183	170	117
EPS	3.75	3.73	2.77
Equity	480.10651	455.5761	455.5761
FV	10	10	10
No. of Outstanding Shares	48.01	45.55761	45.55761
Book Value	31	22	22

(i) The company's Gross Written Premium(GWP) in FY18-19 has increased to 5401 Cr up by 30% as compared to last year. (ii) During the year 2018-19, the existing Promoters, Investors and shareholders of the Company have entered into a Share purchase Agreement dated 01st February 2019 with the Westbridge AIF I (investing through a SPV- Safecrop Investments India LLP), Mr. Rakesh Jhunjhunwala, MIO Star, MIO IV Star, Madison India Opportunities Trust Fund (Madison), US Entities (New Buyers) for sale of shares at a price of Rs. 142.43/- per share valuing the company at ~6800 Cr. (iii) We value insurance companies on Mcap/GWP multiple. If we take the above deal, the valuation multiple comes out at 1.2x. Anything under 2 is good value buying. (iv) The company has a solvency ratio of 2.1 which is well above the Star Health Insurance Annual Report 2018-19 Star Health Insurance Annual Report 2017-18 Star Health Insurance Annual Report 2016-17 Star Health Insurance Annual Report 2015-16

Company Address:

Regd. & Corporate Office: 1, New Tank Street, Valluvar Kottam High Road, Nungambakkam, Chennai – 600034. Phone : 044 – 28288800 Telefax : 044 – 28260062 Website : www.starhealth.in Email.info@starhealth.in

Discussion on Star Health and Allied Insurance Unlisted Shares:

I am interested in buying a lot of this

Hi,

This is not available.

I am in interest. Are the shares available

During the year 2018-19, the existing Promoters, Investors and shareholders of the Company have entered into a Share Purchase Agreement dated 01st February 2019 with the Westbridge AIF I (investing through a SPV- Safecrop Investments India LLP), Mr. Rakesh Jhunjhunwala, MIO Star, MIO IV Star, Madison India Opportunities Trust Fund (Madison), US Entities (New Buyers) for sale of shares at a price of Rs. 142.43/- per share.

This would result in a change in ownership of the Company and the promoters would be Safecrop Investments India LLP, Westbridge AIF I, Mr. Rakesh Jhunjhunwala and Mrs.Rekha Jhunjhunwala.

As per the report published in Economic Times on May 30, 2019

(i) Safecrop Holdings, a consortium of WestBridge Capital, Madison Capital and investor Rakesh Jhunjhunwala, is set to gain control of Star Health & Allied Insurance Co in what’s pegged as the sector’s largest M&A transaction in India. “The consortium of investors will acquire a controlling stake under the proposed deal for a total equity valuation of Rs 6,500 crore,” said V Jagannathan, chairman and managing director of the private health insurer.

(ii) The transaction will include a timeline for this, said people with knowledge of the matter. Star Health had a health insurance market share of 10.6% at the end of March 2018. The existing investors include promoter Star Health Investments, ICICI Venture, Tata Capital, and Oman Insurance Company among others. Jagannathan and some of his colleagues along with other individuals are also shareholders.

(iii) WestBridge, Jhunjhunwala, and Kotak didn’t respond to queries. The consortium had invested Rs 350 crore in the company in December 2018, Jagannathan said

(iv) The company had Rs 5,400 crore of new business with a profit of Rs 275 crore this year. New business registered a growth of about 30% growth, compared with Rs 4,161crore in the previous year.

Yes iam interested 1 Lott of Star Health and Allied Insurance Unlisted Shares

At present shares are not available. As and when inventory will come our team will contact you.

Hi. I’m interested in buying star health insurance shares. Is the shares available for purchase

Not yet.