The two-year old health insurer – Star Health Insurance – aims to notch a profit of Rs 6 crore and attain a premium of Rs 500 crore at the end of the current financial year.
V Jagannathan the Managing Director of the insurance company announced that it would infuse about Rs 20 crore this year, depending on the business growth.
Currently the company earns a premium of Rs 40 lakh a day and the premium income generated from the insurance company stood at Rs 1 crore as on December 31, 2008.
About 3,500 policies of the Star Health’s Super Surplus have been sold so far since its launch six month ago. The top-up health insurance product is available in the variants of Rs 10 lakh with a Rs 3 lakh and Rs 5 lakh.
The insurance company is also aiming to launch a policy called Criticare that would be a combination of mediclaim and critical illness and is awaiting the approval from the Insurance Regulatory and Development Authority.