Company Directory - Star Health and Allied Insurance Company Limited
Company Details - Star Health and Allied Insurance Company Limited
Star Health and Allied Insurance Company Limited
WebsiteChennai, India
Star Health is a leading health insurance provider in India offering a range of innovative health insurance products and services. The company focuses on expanding its retail health premiums while delivering reliable coverage and customer service.
CCI Score
CCI Score: Star Health and Allied Insurance Company Limited
-5.17
0.01%
Latest Event
Star Health Insurance Data Breach Exposes Millions of Customer Records
A major cybersecurity breach compromised sensitive personal information of over 3.1 crore policyholders and 5.8 million claim details, exposing critical lapses in cybersecurity and ethical responsibility at Star Health.
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COLLABORATOR
Star Health and Allied Insurance Company Limited is currently rated as a Collaborator.
Latest Events
- MAR172025
A major cybersecurity breach compromised sensitive personal information of over 3.1 crore policyholders and 5.8 million claim details, exposing critical lapses in cybersecurity and ethical responsibility at Star Health.
-60
Business Practices and Ethical Responsibility
March 17
The breach reveals significant negligence in protecting sensitive customer data, suggesting shortcomings in Star Health's business practices and ethical responsibility. The incident, compounded by allegations against a high-ranking official, points to a failure in implementing robust internal controls and ensuring data security.
Star Health Insurance Data Breach Exposes Millions of Customer Records
-50
Technology and Services Impact
March 17
The incident underscores a critical failure in deploying secure technological measures. The exploitation of vulnerabilities via Telegram chatbots and subsequent exposure of sensitive health data highlights inadequate cybersecurity protocols and risk management strategies.
Star Health Insurance Data Breach Exposes Millions of Customer Records
- FEB182025
Star Health and Allied Insurance Company Limited achieved a significant 10-point improvement in its sustainability score, reflecting strong ESG practices, robust corporate governance, and effective human capital management. This recognition underscores the company's commitment to transparency and ethical business practices that stand in opposition to authoritarian methods.
+80
Business Practices and Ethical Responsibility
March 25
Star Health's marked improvement in sustainability metrics—particularly its focus on corporate governance and human capital management—demonstrates a strong commitment to ethical business practices and transparency. These factors work against the opacity and authoritarian tendencies observed in less accountable organizations. Such practices are consistent with anti-fascist values that prioritize accountability and the protection of individual rights in business.
Star Health ranks highest sustainability score among Indian insurance companies
- FEB182025
Star Health Insurance has been recognized as India's most sustainable insurance provider in 2024 by the S&P Global Corporate Sustainability Assessment, demonstrating its commitment to responsible business practices and robust ESG principles.
+80
Business Practices and Ethical Responsibility
March 25
The achievement in securing the highest sustainability score under the S&P Global CSA highlights Star Health's commitment to ethical business practices and transparent governance. This strong focus on ESG-related parameters reduces the risk of complicity in practices that support authoritarian or exploitative regimes, thereby supporting anti-fascist values.
Star Health Insurance Ranks Highest In Sustainability Among Indian Insurance Companies
- DEC102024
Star Health received a show cause notice from IRDAI regarding alleged regulatory violations. The company is addressing the observations raised by the regulator within a 21-day period. This event raises concerns about the company's commitment to ethical business practices and regulatory compliance.
-40
Business Practices and Ethical Responsibility
March 25
The issuance of a show cause notice by IRDAI indicates that Star Health may not be fully adhering to its regulatory obligations, reflecting poorly on its business practices and ethical responsibility. This event raises questions about the company's internal controls and overall commitment to consumer protection and regulatory compliance.
- DEC092024
Star Health and Allied Insurance Company Limited received a show cause notice from the Insurance Regulatory and Development Authority of India (IRDAI) due to alleged regulatory violations, raising concerns about its business practices and ethical responsibility.
-30
Business Practices and Ethical Responsibility
March 25
The issuance of a show cause notice by IRDAI implies that Star Health may have shortcomings in adhering to regulatory standards and ethical business practices. This incident raises concerns about transparency and accountability in its operations, which can indirectly affect trust and consumer protection.
- OCT112024
Star Health faces regulatory scrutiny following an alleged data breach in which a senior executive is accused of selling the personal data of over 31 million customers. This event exposes serious failures in both the company’s ethical business practices and its technological safeguards.
-75
Business Practices and Ethical Responsibility
March 25
The data breach at Star Health reveals deep ethical failings in its business practices. The alleged sale of sensitive customer data highlights a disregard for consumer privacy and raises serious questions about the company's commitment to ethical responsibility, especially in a regulated sector like health insurance.
-65
Technology and Services Impact
March 25
The compromised data and ensuing regulatory scrutiny highlight significant deficiencies in the company’s technological infrastructure. The breach underscores how inadequate data protection measures can lead to massive lapses in security, endangering sensitive personal information and undermining public trust.
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Industries
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- Direct Health and Medical Insurance Carriers
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- Direct Property and Casualty Insurance Carriers
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- Other Direct Insurance (except Life, Health, and Medical) Carriers