Gross written premium increased to Rs 2,949 crore in Q1 FY24 compared to Rs 2,464 crore in the same period a year ago
Chennai:
Star Health and Allied Insurance on Friday reported a 35 per cent increase in net profit to Rs 288 crore for the June 2023 quarter.
The standalone health insurer posted a net profit of Rs 213 crore during the April-June period of 2022-23.
The company’s total income during the June quarter rose to Rs 3,190 crore against Rs 2,809 crore in the year-ago period, Start Health said in a regulatory filing.
Gross written premium increased to Rs 2,949 crore in Q1 FY24 compared to Rs 2,464 crore in the same period a year ago.
The insurer has made a few appointments in Key Managerial Personnel category (KMP).They are – Chittibabu N as chief Innovation Officer, Mukesh Sharma as Chief Digital Transformation Officer, Bju Menon as chief business Officer,Vishwajeet Mohnot as chief compliance Officer.
Also the company re-classification of certain officials as non-key managerial personnel (KMP) and and non- senior management of the Company. They are-Harikrishnan K, senior executive director, Marketing, Sundaresan S Senior,executive director, Kumar K C ,senior executive director, Human Resources, Jayaprakash V,chief compliance officer.