Star Health is a solid choice for the long-term Stock of the Day given the expanding healthcare industry

 Star Health is a solid choice for the long-term Stock of the Day given the expanding healthcare industry

Based on gross written premium (GWP), Star Health is the biggest retail health insurance provider in India's healthcare industry. As of the end of September, Star Health had a 33% market share in the retail health sector. Star Health has a three times larger market share in the retail health sector than the second-largest company in the market. The insurer's low claims/loss ratio allowed it to earn its highest-ever annual profit in FY2013. In H1FY20, profit growth was strong despite an impact from increased claims. In addition to the encouraging underwriting profitability, Star Health should be taken into consideration because of its strong regional tailwinds, dominant position in the industry, optimistic projection, and premium but sustainable values.