STAR HEALTH AND ALLIED INSURANCE COMPANY LIMITED

PUBLIC DISCLOSURES

FOR THE YEAR ENDED MARCH 31, 2023

CIN: L66010TN2005PLC056649

IRDAI Registration No. 129 Dated March 16, 2006

Version 1 May 26, 2023

 Name of the Insurer: Star Health And Allied Insurance Co Ltd
Registration Number and Date of Registration with the IRDAI : 129 and March 16, 2006

List of Website Disclosure

Sl. No. Form No. Description
1 NL-1-B-RA Revenue Account
2 NL-2-B-PL Profit and Loss Account
3 NL-3-B-BS Balance Sheet
4 NL-4-PREMIUM SCHEDULE Premium
5 NL-5-CLAIMS SCHEDULE Claims Incurred
6 NL-6-COMMISSION SCHEDULE Commission
7 NL-7-OPERATING EXPENSES SCHEDULE Operating Expenses
8 NL-8-SHARE CAPITAL SCHEDULE Share Capital
9 NL-9-PATTERN OF SHAREHOLDING SCHEDULE Pattern of Shareholding
10 NL-9A-SHAREHOLDING PATTERN SCHEDULE Pattern of Shareholding-Annexure A
11 NL-10-RESERVE AND SURPLUS SCHEDULE Reserves and Surplus
12 NL-11-BORROWING SCHEDULE Borrowings
13 NL-12- INVESTMENT SCHEDULE (SHAREHOLDERS) Shareholders
14 NL-12A-INVESTMENT SCHEDULE (POLICYHOLDERS) Policyholders
15 NL-13-LOANS SCHEDULE Loans
16 NL-14-FIXED ASSETS SCHEDULE Fixed Assets
17 NL-15-CASH AND BANK BALANCE SCHEDULE Cash and Bank Balance
18 NL-16-ADVANCES AND OTHER ASSETS SCHEDULE Advances & Other Assets
19 NL-17-CURRENT LIABILITIES SCHEDULE Current Liabilities
20 NL-18-PROVISIONS SCHEDULE Provisions
21 NL-19-MISC EXPENDITURE SCHEDULE Misc Expenditure
22 NL-20-ANALYTICAL RATIOS SCHEDULE Analytical Ratios
23 NL-21-RELATED PARTY TRANSACTIONS SCHEDULE Related Party Transactions
24 NL-22-RECEIPT AND PAYMENTS SCHEDULE Receipts & Payment Statement
25 NL-23 - SOLVENCY MARGIN - GI-TA Statement of Admissible Assets
26 NL-24 - SOLVENCY MARGIN - GI-TR Statement of Liabilities
27 NL-25 - SOLVENCY MARGIN - GI-SM-TABLE IA Required Solvency Margin
28 NL-26 - SOLVENCY MARGIN - GI-SM-TABLE IB Solvency Margin
29 NL-27-PRODUCT INFORMATION Product Information
NL-28-STATEMENT OF INVESTMENT ASSETS AND STATEMENT
30 OF ACCRETION OF ASSETS Investment assets and Accretion of Assets
31 NL-29-DEBT SECURITIES Debt Securities
32 NL-30-NON PERFORMING ASSETS Non performing assets
NL-31-STATEMENT OF INVESTMENT AND INCOME ON
33 INVESTMENT Investment and Investment Income
Down graded investment, Investment Rating and
34 NL-32-STATEMENT OF DOWN GRADED INVESTMENTS Infra investment rating

35 NL-33-REINSURANCE/RETROCESSION RISK CONCENTRATION Reinsurance Risk Concentration

36 NL-34-GEOGRAPHICAL DISTN OF BSNS Geographical Distribution of Business

Quarterly Business Returns for different line of

37 NL-35- QUARTERLY BSNS RETURNS ACROSS LOB business (Premium amount and number of policies)
38 NL-36-CHANNEL WISE PREMIUM Business channels
39 NL-37-CLAIMS DATA Claims Data
40 NL-38-DEVELOPMENT OF LOSSES Movement of Claims
41 NL-39-AGEING OF CLAIMS Ageing of Claims
42 NL-41-OFFICES INFORMATION Office Information
43 NL-42-KEY MANAGEMENT PERSONS Board of Directors & Management Person
44 NL-43-RURAL AND SOCIAL SECTOR OBLIGATIONS Rural & Social Sector Obligations
45 NL-45-GRIEVANCE DISPOSAL Grievance Disposal
NL-46-VOTING ACTIVITY DISCLOSURE UNDER STEWARDSHIP
46 CODE Voting Activity disclosure under Stewardship Code
NL-47- PROFILE & PERFORMANCE OF HEALTH INSURANCE,
PERSONAL ACCIDENT AND TRAVEL INSURANCE PRODUCTS Profile & Performance of Health Insurance, Personal
47 (ANNUAL SUBMISSION) Accident and Travel Insurance Products
NL-48 - DISCLOSURES ON QUANTITATIVE AND QUALITATIVE
PARAMETERS OF HEALTH SERVICES RENDERED (ANNUAL Quantitative and Qualitative parameters of Health
48 DISCLOSURE) services rendered

Version 1 May 26, 2023

FORM NL-1-B-RA
Name of the Insurer: Star Health and Allied Insurance Co Ltd
Registration No. 129 and Date of Registration with the IRDAI 16.March.2006

REVENUE ACCOUNT FOR THE YEAR ENDED MARCH 31,2023

(Amount in Rs. Lakhs)
Sl.No Particulars Schedule Ref. Miscellaneous Total
Form No.

For the Quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended
March 31,2023 March 31,2023 March 31,2022 March 31,2022 March 31,2023 March 31,2023 March 31,2022 March 31,2022

1 Premiums earned (Net) NL-4 2,91,252 11,26,159 2,62,117 9,80,916 2,91,252 11,26,159 2,62,117 9,80,916
2 Profit/ Loss on sale/redemption of Investments 194 675 381 9,820 194 675 381 9,820
3 Interest, Dividend & Rent – Gross
Note 1
13,857 49,467 11,539 38,136 13,857 49,467 11,539 38,136
4 Other
(a) Other Income (to be specified) - - - - - - - -
(b) Contribution from the Shareholders' Account
(i) Towards Excess Expenses of Management
(ii) Others (please specify) - - - - - - - -
TOTAL (A) 3,05,302 11,76,302 2,74,037 10,28,872 3,05,302 11,76,302 2,74,037 10,28,872

5 Claims Incurred (Net) NL-5 1,80,544 7,32,040 1,78,480 8,53,999 1,80,544 7,32,040 1,78,480 8,53,999
6 Commission NL-6 56,177 1,68,277 50,723 1,49,218 56,177 1,68,277 50,723 1,49,218
7 Operating Expenses related to Insurance Business NL-7 61,076 2,05,381 54,637 1,83,853 61,076 2,05,381 54,637 1,83,853
8 Premium Deficiency - - - - - - - -

TOTAL (B) 2,97,797 11,05,698 2,83,841 11,87,070 2,97,797 11,05,698 2,83,841 11,87,070

9 Operating Profit/(Loss)
C= (A - B) 7,505 70,603 (9,803) (1,58,197) 7,505 70,603 (9,803) (1,58,197)

10 APPROPRIATIONS

Transfer to Shareholders’ Account 7,505 70,603 (9,803) (1,58,197) 7,505 70,603 (9,803) (1,58,197)
Transfer to Catastrophe Reserve - - - - - - - -
Transfer to Other Reserves (to be specified) - - - - - - - -
TOTAL (C) 7,505 70,603 (9,803) (1,58,197) 7,505 70,603 (9,803) (1,58,197)

Note - 1
Pertaining to Policyholder’s funds Miscellaneous Total

For the Quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended
March 31,2023 March 31,2023 March 31,2022 March 31,2022 March 31,2023 March 31,2023 March 31,2022 March 31,2022

Interest, Dividend & Rent 14,200 50,342 11,840 39,052 14,200 50,342 11,840 39,052
Add/Less:-
Investment Expenses (35) (56) (10) (24) (35) (56) (10) (24)
Amortisation of Premium/ Discount on Investments (308) (819) (291) (892) (308) (819) (291) (892)
Amount written off in respect of depreciated investments - - - - - - - -
Provision for Bad and Doubtful Debts - - - - - - - -
Provision for diminution in the value of other than actively traded - - - - - - - -
Investment income from Pool - - - - - - - -
Interest, Dividend & Rent – Gross* 13,857 49,467 11,539 38,136 13,857 49,467 11,539 38,136
* Term gross implies inclusive of TDS

Version 1 May 26, 2023

FORM NL-2-B-PL
Name of the Insurer: Star Health and Allied Insurance Co Ltd
Registration No. 129 and Date of Registration with the IRDAI 16.March.2006

PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED ON MARCH 31,2023
(Amount in Rs. Lakhs)

Schedule Ref. For the Quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended
Sl.No Particulars
Form No. March 31,2023 March 31,2023 March 31,2022 March 31,2022

1 OPERATING PROFIT/(LOSS) NL-1

(a) Fire Insurance - - - -
(b) Marine Insurance - - - -
(c) Miscellaneous Insurance 7,505 70,603 (9,803) (1,58,197)

2 INCOME FROM INVESTMENTS

(a) Interest, Dividend & Rent – Gross 7,662 32,866 6,266 24,912
(b) Profit on sale of investments 108 448 (202) 6,415
(c) (Loss on sale/ redemption of investments) - - - -
(d) Amortization of Premium / Discount on Investments - - - -
3 OTHER INCOME (To be specified)
(a) Interest on Income Tax Refund 90 90 - 673
(b) Others 42 386 117 137
(c) Provision written back - 94 - -

TOTAL (A) 15,407 1,04,488 (3,624) (1,26,061)

4 PROVISIONS (Other than taxation)

(a) For diminution in the value of investments - - - -
(b) For doubtful debts 5 35 (51) 184
(c) Others (to be specified) - - - -
5 OTHER EXPENSES
(a) Expenses other than those related to Insurance Business - - - -
(b) Bad debts written off 73 75 53 78
(c) Interest on subordinated debt - - - -
(d) Expenses towards CSR activities 49 161 3 64
(e) Penalties - - - -
(f) Contribution to Policyholders' A/c - - - -
(i) Towards Excess Expenses of Management
(ii) Others (please specify) - - - -
(g) Others (Please specify) - - - -
(i) Key Management Personnel Remuneration 615 16,162 6,156 8,442
(ii) Remuneration to Non Executive Directors - Profit Related Commission - - - -
(iii) Donation 12 16 2 106
(iv) Consultancy fees - - 9 23
(v) Interest on NCD 1,014 5,305 1,645 4,566
vi) Listing Fees / Other Charges 10 70 - -
vii) Late Fees / Penalty - - 3 4
(viii) Loss/(Gain) on sale / Discard of Fixed Assets 26 25 133 136
TOTAL (B) 1,804 21,848 7,952 13,603

6 Profit/(Loss) Before Tax 13,604 82,640 (11,576) (1,39,664)

7 Provision for Taxation

(i) Current Tax - - - -
(ii) Deferred Tax 3,426 20,781 (2,919) (34,695)
(iii) Tax relating to earlier years - - (453) (901)
8 Profit / (Loss) after tax 10,178 61,859 (8,204) (1,04,067)
9 APPROPRIATIONS
(a) Interim dividends paid during the year - - - -
(b) Final dividend paid - - - -
(c) Transfer to any Reserves or Other Accounts (to be specified) - - - -
Debenture Redemption Reserve - (1,500) - -
Balance of profit/ loss brought forward from last year (1,23,339) (1,76,520) (1,68,317) (72,454)
Balance carried forward to Balance Sheet (1,13,161) (1,13,161) (1,76,520) (1,76,520)

Version 1 May 26, 2023

FORM NL-3-B-BS
Name of the Insurer: Star Health and Allied Insurance Co Ltd
Registration No. 129 and Date of Registration with the IRDAI 16.March.2006

BALANCE SHEET AS AT MARCH 31,2023

(Amount in Rs. Lakhs)

Schedule Ref. As At As At
Particulars
Form No. March 31,2023 March 31,2022

SOURCES OF FUNDS
SHARE CAPITAL NL-8 58,168 57,552
SHARE APPLICATION MONEY PENDING ALLOTMENT - -
RESERVES AND SURPLUS NL-10 5,98,387 5,79,374
FAIR VALUE CHANGE ACCOUNT
-Shareholders' Funds 932 1,054
-Policyholders' Funds 1,403 1,614
BORROWINGS NL-11 47,000 72,000
TOTAL 7,05,889 7,11,595
APPLICATION OF FUNDS
INVESTMENTS-Shareholders NL-12 5,34,586 4,49,388
INVESTMENTS-Policyholders NL-12A 8,04,624 6,87,955
LOANS NL-13 - -
FIXED ASSETS NL-14 11,134 11,713
DEFERRED TAX ASSET (Net) 56,890 77,671
CURRENT ASSETS
Cash and Bank Balances NL-15 30,936 56,354
Advances and Other Assets NL-16 84,441 68,324
Sub-Total (A) 1,15,376 1,24,679
DEFERRED TAX LIABILITY (Net)
CURRENT LIABILITIES NL-17 2,03,008 1,96,115
PROVISIONS NL-18 7,26,874 6,20,217
Sub-Total (B) 9,29,882 8,16,332
NET CURRENT ASSETS (C) = (A - B) (8,14,506) (6,91,653)
MISCELLANEOUS EXPENDITURE (to the extent not written
NL-19
off or adjusted) - -
DEBIT BALANCE IN PROFIT AND LOSS ACCOUNT 1,13,161 1,76,520
TOTAL 7,05,889 7,11,595

CONTINGENT LIABILITIES
Particulars As At As At
March 31,2023 March 31,2022
1. Partly paid-up investments - -
2. Claims, other than against policies, not acknowledged as debts by the - -
3. Underwriting commitments outstanding (in respect of shares and securities) - -
4. Guarantees given by or on behalf of the Company - 6,950
5.Statutory demands/ liabilities in dispute, not provided for 2,751 395
6. Reinsurance obligations to the extent not provided for in accounts - -
7 .Others (to be specified)
TOTAL 2,751 7,345

Version 1 May 26, 2023

FORM NL-4-PREMIUM SCHEDULE (Amount in Rs. Lakhs)

Miscellaneous
Health Personal Accident Travel Insurance Total Health / Total Miscellaneous Grand Total Grand Total

Particulars For the Quarter Up to the quarter For the Quarter Up to the quarter For the Quarter Up to the quarter For the Quarter Up to the quarter For the Quarter
Up to the quarter ended
ended ended ended ended ended ended ended ended ended
March 31,2023
March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023

Gross Direct Premium 4,13,812 12,75,657 6,039 19,388 73 202 4,19,923 12,95,247 4,19,923 12,95,247
Add: Premium on reinsurance accepted - - - - - - - - - -
Less : Premium on reinsurance ceded 19,067 58,485 1,480 4,644 55 154 20,602 63,283 20,602 63,283
Net Written Premium 3,94,745 12,17,172 4,559 14,744 17 49 3,99,321 12,31,964 3,99,321 12,31,964
Add: Opening balance of UPR 6,04,575 6,07,135 10,436 10,148 10 3 6,15,021 6,17,286 6,15,021 6,17,286
Less: Closing balance of UPR 7,11,465 7,11,465 11,609 11,609 17 17 7,23,091 7,23,091 7,23,091 7,23,091
Net Earned Premium 2,87,855 11,12,842 3,386 13,283 10 35 2,91,252 11,26,159 2,91,252 11,26,159

Gross Direct Premium

- In India 4,13,812 12,75,657 6,039 19,388 73 202 4,19,923 12,95,247 4,19,923 12,95,247
- Outside India - - - - - - - - - -

(Amount in Rs. Lakhs)

Miscellaneous
Health Personal Accident Travel Insurance Total Health/Total Miscellaneous Grand Total Grand Total

Particulars For the quarter Up to the quarter For the quarter Up to the quarter For the quarter Up to the quarter For the quarter Up to the quarter For the quarter
Up to the quarter ended
ended ended ended ended ended ended ended ended ended
March 31,2022
March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022

Gross Direct Premium 3,62,863 11,29,431 6,044 16,893 8 24 3,68,915 11,46,347 3,68,915 11,46,347
Add: Premium on reinsurance accepted - - - - - - - - - -
Less : Premium on reinsurance ceded 20,137 59,930 1,396 5,430 6 39 21,539 65,398 21,539 65,398
Net Written Premium 3,42,726 10,69,501 4,648 11,463 2 (15) 3,47,377 10,80,949 3,47,377 10,80,949
Add: Opening balance of UPR 5,21,124 5,06,830 10,899 10,401 3 23 5,32,026 5,17,253 5,32,026 5,17,253
Less: Closing balance of UPR 6,07,135 6,07,135 10,148 10,148 3 3 6,17,286 6,17,286 6,17,286 6,17,286
Net Earned Premium 2,56,715 9,69,195 5,399 11,716 3 5 2,62,117 9,80,916 2,62,117 9,80,916

Gross Direct Premium

- In India 3,62,863 11,29,431 6,044 16,893 8 24 3,68,915 11,46,347 3,68,915 11,46,347
- Outside India - - - - - - - - - -

Version 1 May 26, 2023

FORM NL-5 - CLAIMS SCHEDULE (Amount in Rs. Lakhs)

Particulars Health Personal Accident Travel Insurance Total Health/Total Miscellaneous Grand Total Grand Total
For the Quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended
March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023

Claims Paid (Direct) 1,84,329 7,71,334 1,131 6,740 2 63 1,85,461 7,78,138 1,85,461 7,78,138
Add :Re-insurance accepted to direct claims - - - - - - - - - -
Less :Re-insurance Ceded to claims paid 7,769 35,229 129 1,043 1 49 7,900 36,321 7,900 36,321
Net Claim Paid 1,76,559 7,36,105 1,002 5,698 0 14 1,77,561 7,41,817 1,77,561 7,41,817

Add Claims Outstanding at the end of the year

77,396 77,396 6,806 6,806 27 27 84,229 84,229 84,229 84,229

Less Claims Outstanding at the beginning of the year 74,283 87,328 6,924 6,613 40 65 81,247 94,006 81,247 94,006
Net Incurred Claims 1,79,673 7,26,173 884 5,891 (13) (23) 1,80,544 7,32,040 1,80,544 7,32,040

Claims Paid (Direct)

-In India 1,84,329 7,71,334 1,131 6,740 2 63 1,85,461 7,78,138 1,85,461 7,78,138
-Outside India - - - - - - - - - -
Estimates of IBNR and IBNER at the end of the
period (net) 28,060 28,060 2,511 2,511 69 69 30,641 30,641 30,641 30,641
Estimates of IBNR and IBNER at the beginning of the
period (net) 28,156 34,645 2,575 2,400 54 30 30,785 37,075 30,785 37,075

(Amount in Rs. Lakhs)

Particulars Health Personal Accident Travel Insurance Total Health/Total Miscellaneous Grand Total Grand Total
For the quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended
March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022

Claims Paid (Direct) 1,94,008 8,87,027 1,521 5,869 21 96 1,95,550 8,92,992 1,95,550 8,92,992
Add :Re-insurance accepted to direct claims - - - - - - - - - -
Less :Re-insurance Ceded to claims paid 9,700 46,920 210 631 18 (492) 9,927 47,060 9,927 47,060
Net Claim Paid 1,84,309 8,40,106 1,311 5,238 4 588 1,85,623 8,45,932 1,85,623 8,45,932

Add Claims Outstanding at the end of the year

87,328 87,328 6,613 6,613 65 65 94,006 94,006 94,006 94,006

Less Claims Outstanding at the beginning of the year 94,941 81,368 6,028 3,593 180 978 1,01,149 85,939 1,01,149 85,939
Net Incurred Claims 1,76,695 8,46,067 1,896 8,258 (111) (326) 1,78,480 8,53,999 1,78,480 8,53,999

Claims Paid (Direct)

-In India 1,94,008 8,87,027 1,521 5,869 1 20 1,95,550 8,92,992 1,95,550 8,92,992
-Outside India - - - - - - - - - -
Estimates of IBNR and IBNER at the end of the
period (net) 34,645 34,645 2,400 2,400 30 30 37,075 37,075 37,075 37,075
Estimates of IBNR and IBNER at the beginning of the
period (net) 29,150 25,665 2,175 1,130 70 140 31,395 26,935 31,395 26,935

Version 1 May 26, 2023

FORM NL-6-COMMISSION SCHEDULE (Amount in Rs. Lakhs)
Miscellaneous
Health Personal Accident Travel Insurance Total Health/Total Miscellaneous Grand Total Grand Total

Particulars For the Quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended
March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023

Commission & Remuneration 54,728 1,65,677 838 2,589 9 29 55,575 1,68,295 55,575 1,68,295
Rewards 6,005 14,259 89 217 - - 6,094 14,476 6,094 14,476
Distribution fees - - - - - - - - - -
Gross Commission 60,732 1,79,936 927 2,806 9 29 61,669 1,82,771 61,669 1,82,771
Add: Commission on Re-insurance Accepted - - - - - - - - - -
Less: Commission on Re-insurance Ceded 4,061 12,315 1,416 2,139 14 40 5,492 14,494 5,492 14,494
Net Commission 56,671 1,67,621 (489) 667 (5) (11) 56,177 1,68,277 56,177 1,68,277

Break-up of the expenses (Gross) incurred to procure business to be furnished as per details indicated below:

Individual Agents 55,545 1,65,325 793 2,438 9 28 56,347 1,67,791

Corporate Agents-Banks/FII/HFC 2,116 6,154 122 342 0 0 2,238 6,496
Corporate Agents-Others 93 423 (2) 1 0 0 90 424
Insurance Brokers 2,876 7,699 14 24 0 - 2,890 7,723
Direct Business - Online - - - - - - - -
MISP (Direct) - - - - - - - -
Web Aggregators 67 238 0 1 - - 67 238
Insurance Marketing Firm 18 50 0 0 - - 18 50
Common Service Centers 3 3 (0) (0) (0) (0) 3 3
Micro Agents - - - - - - - -
Point of Sales (Direct) 16 45 0 1 - - 16 46
Other (to be specified) - - - - - - - -
TOTAL 60,732 1,79,936 927 2,806 9 29 61,669 1,82,771

Commission and Rewards on (Excluding

Reinsurance) Business written :
- - - - - - - -
In India 60,732 1,79,936 927 2,806 9 29 61,669 1,82,771
Outside India - - - - - - - -
(Amount in Rs. Lakhs)
Health Personal Accident Travel Insurance Total Health/Total Miscellaneous Grand Total Grand Total

Particulars For the quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended
March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022

Commission & Remuneration 46,983 1,40,736 805 2,222 1 3 47,789 1,42,961 47,789 1,42,961
Rewards 8,744 18,207 117 248 (0) - 8,861 18,455 8,861 18,455
Distribution fees - - - - - - - -
Gross Commission 55,727 1,58,943 923 2,470 1 3 56,650 1,61,416 56,650 1,61,416
Add: Commission on Re-insurance Accepted - - - - - - - - - -
Less: Commission on Re-insurance Ceded 5,481 11,178 431 1,004 15 16 5,927 12,198 5,927 12,198
Net Commission 50,245 1,47,765 492 1,466 (14) (13) 50,723 1,49,218 50,723 1,49,218

Break-up of the expenses (Gross) incurred to procure business to be furnished as per details indicated below:
Individual Agents 51,990 1,44,504 835 2,244 1 3 52,826 1,46,751
Corporate Agents-Banks/FII/HFC 1,532 4,543 85 207 - 0 1,616 4,750
Corporate Agents-Others 48 369 0 2 0 - 48 372
Insurance Brokers 2,649 9,130 3 15 - - 2,652 9,145
Direct Business - Online - - - - - - - -
MISP (Direct) - - - - - - - -
Web Aggregators (521) 304 0 0 - - (521) 304
Insurance Marketing Firm 13 38 0 0 - - 13 39
Common Service Centers - - - - - - - -
Micro Agents - - - - - - - -
Point of Sales (Direct) 16 55 (1) - - - 16 55
Other (to be specified) - - - - - - - -
TOTAL 55,727 1,58,943 923 2,470 1 3 56,650 1,61,416
Commission and Rewards on (Excluding
Reinsurance) Business written : - - - - - - - -
In India 55,727 1,58,943 923 2,470 1 3 56,650 1,61,416
Outside India - - - - - - - -

Version 1 May 26, 2023

 FORM NL-7-OPERATING EXPENSES SCHEDULE
(Amount in Rs. Lakhs)
Miscellaneous
Particulars Health Personal Accident Travel Insurance Total Health/Total Miscellaneous Grand Total Grand Total
Sl.No
For the Quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended For the Quarter ended Up to the quarter ended
March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023 March 31,2023

1 Employees’ remuneration & welfare benefits 43,022 1,43,167 654 2,176 7 23 43,682 1,45,366 43,682 1,45,366
2 Travel, conveyance and vehicle running
expenses 1,024 3,662 16 56 0 1 1,040 3,718 1,040 3,718
3 Training expenses 289 715 4 11 0 0 293 726 293 726
4 Rents, rates & taxes 2,214 8,702 34 132 0 1 2,248 8,836 2,248 8,836
5 Repairs 724 2,830 11 43 0 0 735 2,873 735 2,873
6 Printing & stationery 530 1,607 8 24 0 0 538 1,632 538 1,632
7 Communication expenses 688 2,589 10 39 0 0 698 2,628 698 2,628
8 Legal & professional charges 423 1,588 6 24 0 0 430 1,612 430 1,612
9 Auditors' fees, expenses etc.
(a) as auditor 32 85 0 1 0 0 32 86 32 86
(b) as adviser or in any other capacity, in respect
of - - - - - - - - - -
(i) Taxation matters 24 24 0 0 0 0 24 24 24 24
(ii) Insurance matters - - - - - - - - - -
(iii) Management services; and - - - - - - - - - -
(c) in any other capacity 7 15 0 0 0 0 7 15 7 15
(d)Out of pocket expenses 7 7 0 0 0 0 7 8 7 8
10 Advertisement and publicity 4,965 13,689 75 208 1 2 5,042 13,899 5,042 13,899
11 Interest & Bank Charges 1,099 3,484 17 53 0 1 1,116 3,537 1,116 3,537
12 Depreciation 1,400 5,128 21 78 0 1 1,421 5,207 1,421 5,207
13 Brand/Trade Mark usage fee/charges - - - - - - - - - -
14 Business Development and Sales Promotion
Expenses 158 745 2 11 0 0 160 756 160 756
15 Information Technology Expenses 4,006 13,583 61 206 1 2 4,067 13,792 4,067 13,792
16 Goods and Services Tax (GST) - - - - - - - - - -
17 Others (to be specified)a - - - - - - - - - -
- Director's Sitting Fees 35 101 1 2 0 0 36 103 36 103
- Outsourcing Expenses 3,489 11,720 53 178 1 2 3,543 11,900 3,543 11,900
- Miscellaneous Expenses 39 1,133 1 17 0 0 40 1,150 40 1,150
- In House Claim Processing Cost (4,133) (12,743) (63) (194) (1) (2) (4,196) (12,939) (4,196) (12,939)
- Managerial remuneration 111 443 2 7 0 0 113 450 113 450
TOTAL 60,152 2,02,275 914 3,074 10 32 61,076 2,05,381 61,076 2,05,381
In India 60,152 2,02,275 914 3,074 10 32 61,076 2,05,381 61,076 2,05,381
Outside India - - - - - - - - - -

Version 1 May 26, 2023

 FORM NL-7-OPERATING EXPENSES SCHEDULE

(Amount in Rs. Lakhs)

Health Personal Accident Travel Insurance Total Health/Total Miscellaneous Grand Total Grand Total
Sl.No Particulars For the quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended
March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022 March 31,2022
1 Employees’ remuneration & welfare benefits 41,897 1,32,377 699 1,980 1 3 42,598 1,34,360 42,598 1,34,360
2 Travel, conveyance and vehicle running
expenses 653 3,007 12 45 0 0 665 3,052 665 3,052
3 Training expenses 121 463 2 7 0 0 124 470 124 470
4 Rents, rates & taxes 1,988 7,354 34 110 0 0 2,022 7,464 2,022 7,464
5 Repairs 827 2,839 14 42 0 0 841 2,881 841 2,881
6 Printing & stationery 408 1,860 7 28 0 0 415 1,888 415 1,888
7 Communication expenses 343 2,946 7 44 0 0 351 2,990 351 2,990
8 Legal & professional charges 1,165 3,960 20 59 0 0 1,185 4,019 1,185 4,019
9 Auditors' fees, expenses etc.
(a) as auditor 56 85 1 1 0 0 57 86 57 86
(b) as adviser or in any other capacity, in
respect of - - - - - - - - - -
(i) Taxation matters 14 24 0 0 0 0 14 24 14 24
(ii) Insurance matters - - - - - - - - - -
(iii) Management services; and - - - - - - - - - -
(c) in any other capacity 12 18 0 0 0 0 12 18 12 18
(d)Out of pocket expenses 6 6 0 0 0 0 6 6 6 6
10 Advertisement and publicity 2,039 11,367 38 170 0 0 2,077 11,537 2,077 11,537
11 Interest & Bank Charges 68 268 1 4 0 0 70 272 70 272
12 Depreciation 1,220 4,266 21 64 0 0 1,241 4,330 1,241 4,330
13 Brand/Trade Mark usage fee/charges - - - - - - - - - -
14 Business Development and Sales Promotion
Expenses 698 1,857 11 28 0 0 709 1,885 709 1,885
15 Information Technology Expenses 2,597 7,654 43 114 0 0 2,640 7,769 2,640 7,769
16 Goods and Services Tax (GST) - - - - - - - - - -
17 Others (to be specified)a - - - - - - - - - -
- Director's Sitting Fees 50 204 1 3 0 0 51 207 51 207
- Outsourcing Expenses 2,698 10,113 46 151 0 0 2,745 10,265 2,745 10,265
- Miscellaneous Expenses 384 1,292 6 19 0 0 390 1,311 390 1,311
- In House Claim Processing Cost (3,626) (11,264) (60) (168) (0) (0) (3,687) (11,433) (3,687) (11,433)
- Managerial remuneration 111 443 2 7 0 0 112 450 112 450
TOTAL 53,730 1,81,140 906 2,709 1 4 54,637 1,83,853 54,637 1,83,853
In India 53,730 1,81,140 906 2,709 1 4 54,637 1,83,853 54,637 1,83,853
Outside India - - - - - - - - - -

Version 1 May 26, 2023

FORM NL-8-SHARE CAPITAL SCHEDULE
(Amount in Rs. Lakhs)
As At As At
Sl.No Particulars
March 31,2023 March 31,2022
1 Authorised Capital 80,000 80,000
800,000,000 Equity Shares of Rs.10 each
(Previous Period-800,000,000)

Preference Shares of Rs..... each

2 Issued Capital 58,168 57,552
58,16,77,348 Equity Shares of Rs.10
each (Previous Period-57,55,22,174)

Preference Shares of Rs..... each

3 Subscribed Capital 58,168 57,552
58,16,77,348 Equity Shares of Rs.10
each (Previous Period-57,55,22,174)

Preference Shares of Rs..... each

4 Called-up Capital 58,168 57,552
58,16,77,348 Equity Shares of Rs.10
each (Previous Period-57,55,22,174)

Less : Calls unpaid -

Add : Equity Shares forfeited (Amount -
originally paid up)
Less : Par Value of Equity Shares -
bought back
Less : Preliminary Expenses -
Expenses including commission or -
brokerage on
Underwriting or subscription of -
shares
Preference Shares of Rs..... each
5 Paid-up Capital 58,168 57,552
58,16,77,348 Equity Shares of Rs.10
each (Previous Period-57,55,22,174)

Preference Shares of Rs. …….. Each

Version 1 May 26, 2023

FORM NL-9-PATTERN OF SHAREHOLDING SCHEDULE

PATTERN OF SHAREHOLDING
[As certified by the Management]
Shareholder As At As At
March 31,2023 March 31,2022

Number of Shares % of Holding Number of % of

Shares Holding
Promoters
· Indian 31,99,22,521 55.00% 31,99,22,521 55.59%
· Foreign - 0.00% - 0.00%
Investors
· Indian 5,00,20,666 8.60% 4,70,95,157 8.18%
· Foreign 20,55,78,987 35.34% 20,25,40,370 35.19%
Others - ESOP 61,55,174 1.06% 59,64,126 1.04%
TOTAL 58,16,77,348 100.00% 57,55,22,174 100.00%

Version 1 May 26, 2023

FORM NL-9A-SHAREHOLDING PATTERN SCHEDULE ANNEXURE A

DETAILS OF EQUITY HOLDING OF INSURERS

PART A:
PARTICULARS OF THE SHAREHOLDING PATTERN OF THE STAR HEALTH AND ALLIED INSURANCE COMPANY LTD AS AT QUARTER ENDED MARCH 31,2023

Category No. of shares held % of share- Paid up equity Shares pledged or otherwise encumbered Shares under Lock in Period
Sl.No No. of Investors holdings (Rs. In lakhs)

(I) (II) (III) (IV) (V) Number of As a percentage of Total Shares Number of shares (VIII) As a percentage of Total Shares
shares (VI) held (VII) = (VI)/(III)*100 held (IX) = (VIII)/(III)*100

A Promoters & Promoters Group

A.1 Indian Promoters

i) Individuals/HUF (Names of major

shareholders): 1 8,28,82,958 14.25% 8,288 - - 8,28,82,958 100.00%

(i)Mr.Rakesh Radheshyam Jhunjhunwala

8,28,82,958 14.25% 8,288 - - 8,28,82,958 100.00%

ii) Bodies Corporate: 1 23,70,39,563 40.75% 23,704 - - 23,70,39,563 100.00%

(I) Safecrop Investments India Llp 23,70,39,563 40.75% 23,704 23,70,39,563 100.00%

Indian Promoters Group

i) Individuals: 3 1,78,93,802 3.08% 1,789 - - - 0.00%
(i) Jhunjhunwala Rekha Rakesh 1,78,70,977 3.07% 1,787 - - - 0.00%
(ii) Renu Sharad Ruia 20,000 0.00% 2
(iii) Sudha Gupta 2,825 0.00% 0

ii) Bodies Corporate: 2 11,95,464 0.21% 120 - - - 0.00%

(i)Konark Trust/Sandeep Singhal 11,18,049 0.19% 112 - - - 0.00%
(ii)MMPL Trust/Mountain Managers Private
Limited 77,415 0.01% 8 - - - 0.00%

iii) Financial Institutions/ Banks - - 0.00% - - - - 0.00%

iv) Central Government/ State Government(s) /

President of India - 0.00% - - - - 0.00%

v) Persons acting in concert (Please specify) - 0.00% - - - - 0.00%

vi) Any other (Please specify) - 0.00% - - - - 0.00%

A.2 Foreign Promoters

i) Individuals (Name of major shareholders): - 0.00% - - - - 0.00%

(i) - 0.00% - - - - 0.00%

ii) Bodies Corporate: - 0.00% - - - - 0.00%

(i) - 0.00% - - - - 0.00%

iii) Any other (Please specify) - 0.00% - - - - 0.00%

B. Non Promoters
B.1 Public Shareholders - - - - - - -

1.1) Institutions
i) Mutual Funds 15 40,60,603 0.70% 406 - - - 0.00%
ii) Foreign Portfolio Investors 94 6,15,63,913 10.58% 6,156 - - - 0.00%
(i) (I) WF Asian Smaller Companies Fund
Limited 1,27,50,601 2.19% 1,275 - - - 0.00%
(ii)The New Economy Fund 57,96,777 1.00% 580 - - - 0.00%
iii) Financial Institutions/Banks - 0.00% - - - - 0.00%
iv) Insurance Companies 2 6,68,705 0.11% 67 - - - 0.00%
v) FII belonging to Foreign promoter - 0.00% - - - - 0.00%
vi) FII belonging to Foreign Promoter of Indian
Promoter - 0.00% - - - - 0.00%
vii) Provident Fund/Pension Fund - 0.00% - - - - 0.00%
viii) Alternative Investment Fund 5 36,55,801 0.63% 366 - - - 0.00%
(i)TATA Capital Growth Fund II - - - - - - -
ix) Any other (Please specify)
(i)Foreign Body Corporate 23 14,34,22,369 24.66% 14,342 - - 24,900 0.02%
Apis Growth 6 Ltd 2,79,19,471 4.80% 2,792 - - - 0.00%
MIO IV Star 2,46,10,357 4.23% 2,461 - - - 0.00%
University Of Notre Dame Du Lac 2,12,43,923 3.65% 2,124 - - - 0.00%
MIO Star 1,80,96,042 3.11% 1,810 - - - 0.00%
Gamnat Pte. Ltd 1,20,74,673 2.08% 1,207 - - - 0.00%
Roc Capital Pty Limited 1,02,12,781 1.76% 1,021 - - - 0.00%
Massachusetts Institute of Technology 99,55,030 1.71% 996 - - - 0.00%

1.3) Non Institutions

i) Individual share capital upto Rs. 2 lacs -
Annexure - 6 1,62,980 95,84,186 1.65% 958 - - 16,900 0.18%
ii) Individual share capital in excess of Rs. 2 lacs -
Annexure - 7 46 29,75,681 0.51% 298 - - - 0.00%
iii) NBFCs registered with RBI 1 800 0.00% 0 - - - 0.00%
Charys Investment Private limited 800 0.00% 0
iv) Others:
Trusts - - Annexure - 8 3 1,94,541 0.03% 19 - - - 0.00%
Non Resident Indian (NRI) - Repatriable - Annexure - 9 944 3,21,588 0.00 32 - - - 0.00%
Non Resident Indian - Non Repatriable - Annexure - 10 508 2,71,117 0.00 27 - - - 0.00%
Bodies Corporate - Annexure - 11 254 32,11,860 0.01 321 - - - 0.00%
IEPF - 0.00% - - - - 0.00%
v) Any other(Please Specify) - 0.00% - - - - 0.00%
Foreign National - 0.00% - - - - 0.00%
B.2 Non Public Shareholders - 0.00% - - - - 0.00%
2.1) Custodian/BR Holder - 0.00% - - - - 0.00%
2.2) Employee Benefit Trust - 0.00% - - - - 0.00%
2.3) Any other - 0.00% - - - - 0.00%
CLEARING MEMBERS - Annexure - 12 19 13,626 0.00 1 - - - 0.00%
DIRECTOR RELATIVES - Annexure - 13 4 45,31,230 0.01 453 - - - 0.00%
DIRECTORS - Annexure - 14 6 81,89,541 0.01 819 - - 24,53,190 29.66%
V.Jagannathan 58,90,531 0.01 -
Qualified Institutional Buyer - - - - - - -

Total 1,64,911 58,16,77,348 100% 58,168 - 0.00% 32,24,17,511 55.43%

Version 1 May 26, 2023

 PARTICULARS OF THE SHAREHOLDING PATTERN IN THE INDIAN PROMOTER COMPANY(S) / INDIAN INVESTOR(S) AS INDICATED AT (A) ABOVE

PART B:
Name of the Indian Promoter / Indian Investor: Safecrop Investments India LLP
(Please repeat the tabulation in case of more than one Indian Promoter / Indian Investor)

Sl.No Category No. of shares held % of share- Paid up equity Shares pledged or otherwise encumbered Shares under Lock in Period
No. of Investors
holdings (Rs. In lakhs)
(I) (II) (III) (IV) (V) Number of As a percentage of Total Shares Number of shares (VIII) As a percentage of Total Shares
shares (VI) held (VII) = (VI)/(III)*100 held (IX) = (VIII)/(III)*100

A Promoters & Promoters Group

A.1 Indian Promoters

i) Individuals/HUF (Names of major 0.00% 0 - - - 0%
1 -
shareholders):
(i)Other minor share holding - 0.00% 0 - -
(ii) - - - - - - -
(iii) - - - - - - -

ii) Bodies Corporate: 2 - 100.00% 3,96,153 - - - 0%

(i)Milestone Trusteeship Services Private - 100.00% 3,96,153 - - - 0%
Limited (as trustee of WestBridge AIF I)
(ii)Mountain Managers Private Limited - 0.00% 0.00 - - - 0%
(iii)

iii) Financial Institutions/ Banks - - 0.00% - - - - 0%

iv) Central Government/ State Government(s) / - 0.00% - - - - 0%

-
President of India

v) Persons acting in concert (Please specify) - - 0.00% - - - - 0%

vi) Any other (Please specify) - - 0.00% - - - - 0%

A.2 Foreign Promoters

i) Individuals (Name of major shareholders): - - 0.00% - - - - 0%

(i) - - 0.00% - - - - 0%
(ii) - - 0.00% - - - - 0%
(iii) - - 0.00% - - - - 0%

ii) Bodies Corporate: - - 0.00% - - - - 0%

(i) - - 0.00% - - - - 0%
(ii) - - 0.00% - - - - 0%
(iii) - - 0.00% - - - - 0%

iii) Any other (Please specify) - - 0.00% - - - - 0%

B. Non Promoters - - 0.00% - - - - 0%

B.1 Public Shareholders - - 0.00% - - - - 0%

1.1) Institutions - - 0.00% - - - - 0%

i) Mutual Funds - - 0.00% - - - - 0%
ii) Foreign Portfolio Investors - - 0.00% - - - - 0%
iii) Financial Institutions/Banks - - 0.00% - - - - 0%
iv) Insurance Companies - - 0.00% - - - - 0%
v) FII belonging to Foreign promoter of Indian - 0.00% - - - - 0%
(e)
-
Promoter
vi) FII belonging to Foreign promoter of Indian - 0.00% - - - - 0%
-
Promoter (e)
vii) Provident Fund/Pension Fund - - 0.00% - - - - 0%
viii) Alternative Investment Fund - - 0.00% - - - - 0%
ix) Any other (Please specify) - - 0.00% - - - - 0%

1.2) Central Government/ State Government(s)/ - 0.00% - - - - 0%

-
President of India

1.3) Non-Institutions - - 0.00% - - - - 0%

i) Individual share capital upto Rs. 2 Lacs - - 0.00% - - - - 0%
ii) - 0.00% - - - - 0%
Individual share capital in excess of Rs. 2 Lacs -

iii) NBFCs registered with RBI - - 0.00% - - - - 0%

iv) Others: - - 0.00% - - - - 0%
- Trusts - - 0.00% - - - - 0%
- Non Resident Indian - - 0.00% - - - - 0%
- Clearing Members - - 0.00% - - - - 0%
- Non Resident Indian Non Repartriable - - 0.00% - - - - 0%
- Bodies Corporate - - 0.00% - - - - 0%
- IEPF - - 0.00% - - - - 0%
v) Any other (Please Specify) - - 0.00% - - - - 0%

B.2 Non Public Shareholders - - 0.00% - - - - 0%

2.1) Custodian/DR Holder - - 0.00% - - - - 0%
2.2) Employee Benefit Trust - - 0.00% - - - - 0%
2.3) Any other (Please specify) - - 0.00% - - - - 0%
Total 3 - 100.00% 3,96,153 - - - 0%

Version 1 May 26, 2023

FORM NL-10-RESERVE AND SURPLUS SCHEDULE
(Amount in Rs. Lakhs)
Particulars As At As At
Sl.No March 31,2023 March 31,2022
1 Capital Reserve - -
2 Capital Redemption Reserve - -
3 Share Premium 5,98,007 5,70,306
4 General Reserves - -
Less: Amount utilized for Buy-back - -
Less: Amount utilized for issue of - -
Bonus shares
5 Catastrophe Reserve - -
6 Other Reserves (to be specified) - -
Debenture redemption reserve at the - 1,500
end of the year
Employee Stock Option Outstanding 380 7,568

7 Balance of Profit in Profit & Loss - -

Account
TOTAL 5,98,387 5,79,374

Version 1 May 26, 2023

FORM NL-11-BORROWINGS SCHEDULE

(Amount in Rs. Lakhs)

As At As At
Sl.No Particulars
March 31,2023 March 31,2022

1 Debentures/ Bonds 47,000 72,000

2 Banks - -
3 Financial Institutions - -
4 Others (to be - -
specified)
- -
TOTAL 47,000 72,000

DISCLOSURE FOR SECURED BORROWINGS

(Amount in Rs. Lakhs)
SOURCE / AMOUNT AMOUNT OF NATURE OF
Sl.No
INSTRUMENT BORROWED SECURITY SECURITY
1 NA NA NA NA

Version 1 May 26, 2023

FORM NL-12 & 12A -INVESTMENT SCHEDULE

NL -12 NL -12A (Amount in Rs. Lakhs)

Shareholders Policyholders Total

As At As At As At As At As At As At
Sl.No Particulars March 31,2023 March 31,2022 March 31,2023 March 31,2022 March 31,2023 March 31,2022

LONG TERM INVESTMENTS

1 Government securities and Government guaranteed bonds 1,80,084 1,58,350 2,71,050 2,42,413 4,51,134 4,00,763
including Treasury Bills
2 Other Approved Securities 1,79,034 1,24,947 2,69,470 1,91,277 4,48,504 3,16,224
3 Other Investments
( a) Shares - - - - - -
(aa) Equity - - - - - -
(bb) Preference - - - - - -
( b) Mutual Funds - - - - - -
(c) Derivative Instruments - - - - - -
(d) Debentures/ Bonds - - - - - -
(e) Other Securities (AIF) 928 - 1,397 - 2,325 -
(f) Subsidiaries - - - - - -
(g) Investment Properties-Real Estate 4,632 5,144 6,972 7,875 11,604 13,020
4 Investments in Infrastructure and Housing 73,310 62,901 1,10,342 96,293 1,83,652 1,59,194
5 Other than Approved Investments 13,599 20,796 20,469 31,836 34,068 52,631

SHORT TERM INVESTMENTS

1 Government securities and Government guaranteed bonds 9,061 12,454 13,639 19,066 22,700 31,521
including Treasury Bills
2 Other Approved Securities 7,960 6,424 11,981 9,834 19,941 16,258
3 Other Investments
(a) Shares - - - - - -
(aa) Equity - - - - - -
(bb) Preference - - - - - -
(b) Mutual Funds 31,094 22,721 46,801 34,783 77,895 57,504
(c) Derivative Instruments - - - - - -
(d) Debentures/ Bonds - - - - - -
(e) Other Securities (Triparty Repo) 28,132 27,662 42,342 42,346 70,474 70,008
(f) Subsidiaries - - - - - -
(g) Investment Properties-Real Estate - - - - - -
4 Investments in Infrastructure and Housing 6,751 7,989 10,162 12,230 16,913 20,219
5 Other than Approved Investments - - - - - -
TOTAL 5,34,586 4,49,388 8,04,624 6,87,955 13,39,210 11,37,343
GRAND TOTAL 5,34,586 4,49,388 8,04,624 6,87,955 13,39,210 11,37,343

A) Aggregate value of Investments other than Listed Equity Securities and Derivative Instruments
(Amount in Rs. Lakhs)
Particulars Shareholders Policyholders Total

As At As At As At As At As At As At
March 31,2023 March 31,2022 March 31,2023 March 31,2022 March 31,2023 March 31,2022

Long Term Investments

Book Value 4,44,990 3,65,859 6,69,769 5,60,085 11,14,759 9,25,944
Market Value 4,33,144 3,64,806 6,51,939 5,58,473 10,85,083 9,23,279

Short Term Investments

Book Value 51,904 54,529 78,123 83,477 1,30,027 1,38,006
Market Value 51,911 54,715 78,134 83,761 1,30,045 1,38,476

Version 1 May 26, 2023

FORM NL-13-LOANS SCHEDULE
(Amount in Rs. Lakhs)
Particulars As At As At
Sl.No
March 31,2023 March 31,2022
1 SECURITY-WISE CLASSIFICATION
Secured
(a) On mortgage of property - -
(aa) In India - -
(bb) Outside India - -
(b) On Shares, Bonds, Govt. Securities - -
(c) Others (to be specified) - -
Unsecured - -
TOTAL - -
2 BORROWER-WISE CLASSIFICATION
(a) Central and State Governments - -
(b) Banks and Financial Institutions - -
(c) Subsidiaries - -
(d) Industrial Undertakings - -
(e) Companies - -
(f) Others (to be specified) - -
TOTAL - -
3 PERFORMANCE-WISE CLASSIFICATION
(a) Loans classified as standard - -
(aa) In India - -
(bb) Outside India - -
(b) Non-performing loans less provisions - -
(aa) In India - -
(bb) Outside India - -
TOTAL - -
4 MATURITY-WISE CLASSIFICATION
(a) Short Term - -
(b) Long Term - -
TOTAL - -

Provisions against Non-performing Loans

Loan Amount Provision

Non-Performing Loans
(Rs. Lakhs) (Rs. Lakhs)
Sub-standard - -
Doubtful - -
Loss - -
Total - -

Version 1 May 26, 2023

FORM NL-14-FIXED ASSETS SCHEDULE
(Amount in Rs. Lakhs)
Cost/ Gross Block Depreciation Net Block
Particulars Opening Additions Deductions Closing Up to Last Year For The Period On Sales/ To Date As At March 31,2023 As At March 31,2022
Adjustments
Goodwill - - - - - - - - - -
Intangibles(IT - Software) 20,757 2,207 - 22,963 15,462 3,228 - 18,690 4,273 5,294
Land-Freehold 116 - - 116 - - - - 116 116
Leasehold Property - - - - - - - - - -
Buildings 652 - - 652 31 10 - 42 610 620
Furniture & Fittings 2,632 277 104 2,805 1,336 271 86 1,521 1,284 1,296
Information Technology
Equipment 10,102 1,307 101 11,308 7,375 1,316 96 8,595 2,713 2,727
Vehicles 386 386 171 44 215 170 214
Office Equipment 2,508 276 80 2,705 1,465 338 71 1,732 973 1,043
Others(Temporary
- -
Construction) 26 26 25 0 - 25 2 2
TOTAL 37,178 4,067 284 40,961 25,865 5,207 252 30,820 10,141 11,313
Work in progress 400 1,010 417 993 - - - - 993 400
Grand Total 37,578 5,076 701 41,953 25,865 5,207 252 30,820 11,134 11,713
PREVIOUS YEAR 33,587 9,288 5,297 37,578 23,690 4,330 2,155 25,865 11,713

Version 1 May 26, 2023

 FORM NL-15-CASH AND BANK BALANCE SCHEDULE

(Amount in Rs. Lakhs)

As At As At
Sl.No Particulars
March 31,2023 March 31,2022
1 Cash (including cheques (a), drafts and stamps) 6,648 10,380
2 Bank Balances
(a) Deposit Accounts - -
(b) Short-term (due within 12 months) 2,100 18,586
(c ) Others - -
(d) Current Accounts 22,187 27,388
(e) Others (to be specified) - -
3 Money at Call and Short Notice
(a) With Banks - -
(b) With other Institutions - -
4 Others (to be specified) - -

TOTAL 30,936 56,354

Balances with non-scheduled banks included in 2

- -
and 3 above
CASH & BANK BALANCES
In India 30,936 56,354
Outside India - -

* Cheques on hand amount to Rs. 3593 (in Lakh) Previous Year : Rs. 5335 (in Lakh)

Version 1 May 26, 2023

 FORM NL-16-ADVANCES AND OTHER ASSETS SCHEDULE
(Amount in Rs. Lakhs)
As At As At
Sl.No Particulars
March 31,2023 March 31,2022
ADVANCES
1 Reserve deposits with ceding companies - -
2 Application money for investments - -
3 Prepayments 2,982 2,376
4 Advances to Directors/Officers - -
5 Advance tax paid and taxes deducted at source (Net of provision for taxation) 2,851 4,155
6 Others (to be specified)
(i)Travel Advance - -
(ii)Rental Advance 3,998 3,540
Less:Provision for Doubtful Debts (14) (12)
(iii)Telephone Deposit 2 2
(iv)Staff Advance 1,802 1,618
(v)Other Advances 735 424
Less:Provision for Doubtful Debts (8) -
(vi)Security Deposits 1,457 1,770
(vii)Postal Deposits 83 89
(viii)Advances - Deposit with Statutory Authorities 1,249 207
TOTAL (A) 15,137 14,170

OTHER ASSETS
1 Income accrued on investments 30,767 27,821
2 Outstanding Premiums 35,088 23,465
Less : Provisions for doubtful ,if any (3,094) (3,094)
3 Agents’ Balances 276 252
Less: Provision for Doubtful Debts (117) (80)
4 Foreign Agencies Balances - -
5 Due from other entities carrying on insurance business (including reinsurers) 315 318
Less : Provisions for doubtful, if any (315) (296)
6 Due from subsidiaries/ holding - -
7 Investments held for Unclaimed Amount of Policyholders - -
8 Others (to be specified)
(i)GST input Credit 650 587
(ii)Fixed Deposit for Unclaimed amount of Policy Holder 2,738 2,184
(iii)Fixed Deposit Interest accrued on unclaimed amount of policyholders 61 43
(iv)GST Refund 1,313 1,313
(v)Other receivables 62 208
Less : Provisions for doubtful, if any (62) (188)
(vi)Income Tax Refund Receivable 1,621 1,621
TOTAL (B) 69,304 54,154
TOTAL (A+B) 84,441 68,324

Version 1 May 26, 2023

 FORM NL-17-CURRENT LIABILITIES SCHEDULE

(Amount in Rs. Lakhs)

As At As At
Sl.No Particulars
March 31,2023 March 31,2022
1 Agents’ Balances 10,393 8,920
2 Balances due to other insurance companies 7,233 7,763
3 Deposits held on re-insurance ceded - -
4 Premiums received in advance
(a)
(a) For Long term policies 277 246
(b) for Other Policies 5,244 4,551
5 Unallocated Premium 9,073 6,802
6 Sundry creditors 33,241 29,500
7 Due to subsidiaries/ holding company - -
8 Claims Outstanding 84,229 94,006
9 Due to Officers/ Directors - -
10 Unclaimed Amount of policyholders 2,351 1,933
11 Income accrued on Unclaimed amounts 370 242
12 Interest payable on debentures/bonds 2,013 4,145
13 GST Liabilities 22,048 23,771
14 Others (to be specified)
(i)Statutory dues payable 22,421 10,568
(ii)Payable to employees 4,041 3,143
(iii)Other payables 74 526
TOTAL 2,03,008 1,96,115
Note :
(a) Long term policies are policies with more than one year tenure

Details of unclaimed amounts and Investment Income thereon

(Amount in Rs. Lakhs)
As At As At
Particulars
March 31,2023 March 31,2022
Opening Balance 2,175 1,480
Add: Amount transferred to unclaimed amount 468 291
Add: Cheques issued out of the unclaimed amount
but not encashed by the policyholders (To be included
only when the cheques are stale) 372 698
Add: Investment Income 128 86
Less: Amount paid during the year 423 380
Less: Transferred to SCWF - -
Closing Balance of Unclaimed Amount 2,721 2,175

Version 1 May 26, 2023

 FORM NL-18-PROVISIONS SCHEDULE

(Amount in Rs. Lakhs)

As At As At
Sl.No Particulars
March 31,2023 March 31,2022
1 Reserve for Unexpired Risk 7,23,091 6,17,286
2 Reserve for Premium Deficiency - -
For taxation (less advance tax paid and taxes
3 deducted at source) - -
4 For Employee Benefits - -
5 Others
(a)Provision for Gratuity 1,037 284
(b)Provision for Goodwill Gesture Scheme 2,747 2,647
TOTAL 7,26,874 6,20,217

Version 1 May 26, 2023

FORM NL-19 MISC EXPENDITURE SCHEDULE
(To the extent not written off or adjusted)

(Amount in Rs. Lakhs)

Particulars As At As At
Sl.No March 31,2023 March 31,2022

1 Discount Allowed in issue of shares/

debentures - -
2 Others (to be specified) - -
TOTAL - -

Version 1 May 26, 2023

 FORM NL-20-ANALYTICAL RATIOS SCHEUDLE

Name of the Insurer: Star Health and Allied Insurance Co Ltd

For the Quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended
Sl.No. Particular Calculation
March 31,2023 March 31,2023 March 31,2022 March 31,2022
1 Gross Direct Premium Growth Rate** [GDPI(CY)-GDPI(PY)] / GDPI(PY) 13.83% 12.99% 13.10% 22.10%
Shareholder's funds/Net Worth =Share
capital+reserve and surplus-
Miscellaneous expenditure-debit balance
in profit and loss account ) Shareholders'
funds /Net Worth comprise of Share
2 Gross Direct Premium to Net worth Ratio 0.77 2.39 0.82 2.54
Capital plus all Reserves and Surplus
(except revaluation Reserve and fair
value change account) net of accumulated
losses and Miscellaneous expenditure to
the extent not written off as at the Balance

3 Growth rate of Net Worth (Shareholder's funds(CY)-Shareholder's 20.31% 20.31% 29.53% 29.53%
funds(PY)) / Shareholder's funds(PY)
Net written premium / (Gross Direct
4 Net Retention Ratio** 95.09% 95.11% 94.16% 94.30%
Premium Income + Reinsurance

5 Net Commission Ratio** 14.07% 13.66% 14.60% 13.80%

Net Commission / Net written premium
Expense of Management to Gross Direct Premium (Direct Commission+Operating Expenses)
6 29.23% 29.97% 30.17% 30.12%
Ratio** / Gross direct premium
Expense of Management to Net Written Premium (Net Commission+Operating Expenses) /
7 29.36% 30.33% 30.33% 30.81%
Ratio** Net Written Premium
Net Incurred Claims / Net Earned
8 Net Incurred Claims to Net Earned Premium** 61.99% 65.00% 68.09% 87.06%
Premium
Claim Paid (pertaining to provisions
9 Claims paid to claims provisions** made previously) / claims provision made 3.60% 70.81% 3.58% 104.53%
previously
10 Combined Ratio** (7) +(8) 91.35% 95.33% 98.42% 117.87%
Investment income / Average Assets
under management
Investment income = Profit/ Loss on
11 Investment income ratio 1.75% 6.68% 1.93% 8.51%
sale/redemption of Investments+Interest,
Dividend & Rent – Gross (net of
investment expenses) including
[(Reserve for unexpired risks+premium
deficiency+reserve for outstanding
12 Technical Reserves to net premium ratio ** 202.17% 65.53% 204.76% 65.80%
claims(including IBNR and IBNER) ] /
Net premium written
Underwriting results / Net earned
premium
Underwriting results= Net earned
premium-Net incurred claims-Net
13 Underwriting balance ratio -2.25% 1.82% -8.29% -21.02%
commission-Operating Expenses (Before
adjusting transfer to Profit and loss
account as per Section 40C)- Premium

14 Operating Profit Ratio 2.58% 6.27% -3.74% -16.13%

Operating profit / Net Earned premium
Liquid Assets / Policyholders liabilities
Liquid Assets = Short term
investments+Short term loans+Cash &
Bank balances.Policyholders
liabilities=Outstanding Claims including
Incurred But Not Reported (IBNR)
&Incurred But Not Enough Reported
15 Liquid Assets to liabilities ratio 29.59% 29.59% 35.41% 35.41%
(lBNER)+Unearned Premium Reserve+
Premium Deficiency Reserve, if any+
Catastrophe Reserve, if any; and+ Other
Liabilities net off Other Assets
Other Liabilities in point (e) above,
comprise of (i) Premium received in
advance (ii) Unallocated premium (iii)
16 Net earning ratio Profit after tax / Net Premium written 2.55% 5.02% -2.36% -9.63%
17 Return on net worth ratio Profit after tax / Net Worth 1.87% 11.39% -1.82% -23.06%
Available Solvency margin Ratio to Required to be taken from solvency margin
18 2.14 2.14 1.67 1.67
Solvency Margin Ratio reporting
19 NPA Ratio to be taken from NPA reporting 0.00 0.00
Gross NPA Ratio 0.00 0.00 0.00 0.00
Net NPA Ratio 0.00 0.00 0.00 0.00
(Debt/Equity)
Debt=(Borrowings+Redeemable
20 Debt Equity Ratio Preference shares, if any) 0.09 0.09 0.16 0.16
Equity=Shareholders' Funds excluding
Redeemable Preference shares, if any
(Earnings before Interest and Tax/ Interest
21 Debt Service Coverage Ratio 14.42 16.58 -6.04 -29.59
and Principal Instalments Due)
(Earnings before Interest and Tax/ Interest
22 Interest Service Coverage Ratio 14.42 16.58 -6.04 -29.59
due)
Basic: ₹ 1.75 Basic: ₹ 10.70 Basic: ₹ (1.43) Basic: ₹ (18.65)
23 Earnings per share
Profit /(loss) after tax / No. of shares Diluted: ₹ 1.71 Diluted: ₹ 10.41 Diluted: ₹ (1.43) Diluted: ₹ (18.65)
24 Book value per share Net worth / No. of shares 93.35 93.35 78.42 78.42

Version 1 May 26, 2023

 FORM NL-20-ANALYTICAL RATIOS SCHEUDLE

** Segmental Reporting up to the quarter

Segments Claims paid to Technical

Expense of Management to Gross Expense of Management to Net Net Incurred Claims to Combined Underwriting
Upto the quarter ended on Gross Direct Premium Growth Rate** Net Retention Ratio** Net Commission Ratio** claims Reserves to net
Direct Premium Ratio** Written Premium Ratio** Net Earned Premium** Ratio** balance ratio
31st March 2022 provisions** premium ratio **

FIRE
Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Marine Cargo
Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Marine Hull
Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Total Marine
Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Motor OD
Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Motor TP
Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Total Motor
Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Health
Current Period 12.95% 95.42% 13.77% 29.96% 30.39% 65.25% 71.67% 95.64% 64.81% 1.51%
Previous Period 22.52% 94.69% 13.82% 30.11% 30.75% 87.30% 104.77% 118.05% 64.93% -21.23%
Personal Accident
Current Period 14.77% 76.05% 4.52% 30.33% 25.37% 44.35% 60.06% 69.73% 124.90% 27.48%
Previous Period -0.20% 67.86% 12.79% 30.66% 36.43% 70.48% 116.13% 106.91% 146.22% -6.12%
Travel Insurance
Current Period 755.08% 24.08% -21.92% 30.24% 43.94% -67.79% 20.91% -23.85% 89.48% 105.99%
Previous Period -65.64% -63.87% 86.93% 29.85% 61.82% -6347.71% 41.89% -6285.89% -445.52% 6629.80%
Total Health
Current Period 12.99% 95.11% 13.66% 29.97% 30.33% 65.00% 70.81% 95.33% 65.53% 1.82%
Previous Period 22.10% 94.30% 13.80% 30.12% 30.81% 87.06% 104.53% 117.87% 65.80% -21.02%

Workmen’s Compensation/ Employer’s liability - - - - - - - - - -

Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Public/ Product Liability
Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Engineering
Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Aviation
Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Crop Insurance
Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Other segments
Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Total Miscellaneous
Current Period - - - - - - - - - -
Previous Period - - - - - - - - - -
Total-Current Period 12.99% 95.11% 13.66% 29.97% 30.33% 65.00% 70.81% 95.33% 65.53% 1.82%
Total-Previous Period 22.10% 94.30% 13.80% 30.12% 30.81% 87.06% 104.53% 117.87% 65.80% -21.02%

Version 1 May 26, 2023

 FORM NL-21-RELATED PARTY TRANSACTIONS SCHEDULE

Name of the Insurer: Star Health and Allied Insurance Co Ltd

PART-A Related Party Transactions

Consideration paid / received (Rs. in Lakhs)

Sl.No Name of the Related Party Nature of Relationship with the Company Description of Transactions / Categories Up to the quarter For the quarter Up to the quarter
For the Quarter ended
ended ended ended
March 31,2023
March 31,2023 March 31,2022 March 31,2022

1 M/s.Airpay Payment Service Private Limited Promoter Group Entity Advisory Services 2 11 0 0
2 Dr.S Prakash Managing Director Remuneration 330 712 359 662
3 Dr.S Prakash Managing Director Share Alloted Under Esop Scheme - 957 - 1,244
4 Dr.Sai Satish Relative of Chairman &CEO Preferential Allottment Of Equity Shares - - - 2,150
5 Dr.Sai Satish Relative of Chairman &CEO Ipo Expenses Recovered - 5 69 69
6 M/s.Cyllid Technologies Private Limited Promoter Group Entity Insurance Premium Received - - 2 2
7 M/s.Konark Trust Promoter Group Entity Ipo Expenses Recovered - 1 18 18
8 M/s.MMPL Trust Promoter Group Entity Ipo Expenses Recovered - 0 1 1
9 M/s.Ebo Mart Private Limited Promoter Group Entity Insurance Premium Received - - 4 4
10 M/s.Inventurus Knowledge Solutions Private Ltd Promoter Group Entity Claim Paid - - 1 1
11 M/s.Pegasus Assets Reconstruction Pvt. Ltd. Promoter Group Entity Insurance Premium Received 13 14 12 12
12 M/s.Pegasus Assets Reconstruction Pvt. Ltd. Promoter Group Entity Primary Issue Of Ncd - - 500 500
13 M/s.Pegasus Assets Reconstruction Pvt. Ltd. Promoter Group Entity Refund of insurance premium - 0 - -
14 M/s.Pegasus Assets Reconstruction Pvt. Ltd. Promoter Group Entity Claims Paid - 7 - -
15 M/s.Rare Enterprises Promoter Group Entity Insurance Premium Received - - 4 4
16 M/s.Rare Enterprises Promoter Group Entity Primary Issue Of Ncd - - 5,000 5,000
17 M/s.Trust Capital Services (India) Private Limited Promoter Group Entity Interest Paid On Ncd - - 204 204
18 M/s.Trust Capital Services (India) Private Limited Promoter Group Entity Insurance Premium Received - - 0 0
19 Mr.V Jagannathan Chairman & CEO Remuneration 67 256 64 254
20 Mr.V Jagannathan Chairman & CEO Esop Expenses - 14,935 7,315 7,315
21 Mr.V Jagannathan Chairman & CEO Share Alloted Under Esop Scheme - 22,500 - -
22 Mr.V Jagannathan Chairman & CEO Sales of Assets - - 4 4
23 Mr.V Jagannathan Chairman & CEO Interest Paid On Ncd - 98 51 51
24 Mr.V Jagannathan Chairman & CEO Ipo Expenses Recovered - 11 138 138
25 Mr.V Jagannathan Chairman & CEO Insurance Premium Received 2 4 1 1
26 Mr.Anand Roy Managing Director Remuneration 330 709 359 661
27 Mr.Anand Roy Managing Director Insurance Premium Received - 2 1 1
28 Mr.Anand Roy Managing Director Share Alloted Under Esop Scheme - 957 - 1,757
29 Ms.Vasanthi Jagannathan Relative of Chairman &CEO Preferential Allottment Of Equity Shares - - - 200
30 Ms.Sunanda Jagannathan Relative of Chairman &CEO Preferential Allottment Of Equity Shares - - - 500
31 Ms.Sunanda Jagannathan Relative of Chairman &CEO Insurance Premium Received - 0 0 0
32 Muthu Hospital Enterprises Private Limited Related to Dr S Prakash, Managing Director Claim Paid - 21 - -
33 M/s.Safecrop Investments India LLP Promoter Ipo Expenses Recovered - 320 4,114 4,114
34 M/s.Westbridge AIF I Promoter Reimbursement Of Expenses Paid - - 0 41
35 Ms.Anisha Motwani Independent Director Preferential Allottment of Equity Shares - - - 24
36 Mr.Rohit Bhasin Independent Director Preferential Allottment of Equity Shares - - - 24
1
including the premium flow through Associates/ Group companies as agents and intermediaries

PART-B Related Party Transaction Balances - As at the end of the Year 31st March 2023
Balance under
Whether Secured?If Details of any Provision for
so, Nature of Guarantees doubtful debts
Amount of Outstanding Balances including Whether Payable /
Sl.No Name of the Related Party Nature of Relationship with the Company consideration to be given relating to the
Commitments (Rs. in Lakhs) Receivable
provided at the or outstanding balance
time of settlement received receivable (Rs. in
Lakhs)
1 NIL NIL NIL NIL NIL NIL NIL

Version 1 May 26, 2023

 PREPARED IN ACCORDANCE WITH Accounting Standard 3 (AS 3)- Cash Flow Statements
FORM NL-22-RECEIPT AND PAYMENTS SCHEDULE
(Amount in Rs. Lakhs)
As At As At
Particulars
March 31,2023 March 31,2022
Cash Flows from the operating activities:

Premium received from policyholders, including advance receipts 15,19,180 13,39,213

Other receipts - -

Payments to the re-insurers, net of commissions and claims (23,289) 80,408

Payments to co-insurers, net of claims recovery (2,012) (2,668)
Payments of claims (7,72,460) (8,88,053)
Payments of commission and brokerage (1,81,325) (1,59,082)
Payments of other operating expenses (2,06,997) (1,92,013)
Preliminary and pre-operative expenses - -
Deposits, advances and staff loans (2,042) (2,632)
Income taxes paid (Net) 1,396 557
Good & Service tax paid (2,04,871) (1,70,173)
Other payments - -
Cash flows before extraordinary items - -
Cash flow from extraordinary operations - -
Net cash flow from operating activities 1,27,580 5,557
Cash flows from investing activities:
Purchase of fixed assets (4,659) (6,313)
Proceeds from sale of fixed assets 8 31
Purchases of investments (1,31,39,236) (1,56,62,740)
Loans disbursed - -
Sales of investments 1,29,57,606 1,52,24,012
Repayments received - -
Rents/Interests/ Dividends received 76,733 66,598
Investments in money market instruments and in liquid mutual
funds (Net) - -
Expenses related to investments (166) (190)
Net cash flow from investing activities (1,09,714) (3,78,604)
Cash flows from financing activities:
Proceeds from issuance of share capital 6,080 2,09,481
Share issue Expenses (445) (2,924)
Proceeds from borrowing - 47,000
Repayments of borrowing (25,000) -
Interest/dividends paid (7,435) (2,652)
Net cash flow from financing activities (26,800) 2,50,905

Effect of foreign exchange rates on cash and cash equivalents, net - -

Net increase in cash and cash equivalents: (8,934) (1,22,142)
Cash and cash equivalents at the beginning of the year 37,768 1,59,910
Cash and cash equivalents at the end of the year 28,834 37,768

Version 1 May 26, 2023

 FORM NL-23 - SOLVENCY MARGIN (FORM IRDAI-GI-TA)

Name of Insurer: Star Health and Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006
Classification: Business within India / Total Business

STATEMENT OF ADMISSIBLE ASSETS : As at MARCH 31,2023

(Amount in Rs. Lakhs)

Item
Particulars Policyholders A/c. Shareholders A/c. Total
No.
Investments:
Shareholders as per NL-12 of BS - 5,34,586 5,34,586
Policyholders as per NL-12 A of BS 8,04,624 - 8,04,624
(A) Total Investments as per BS 8,04,624 5,34,586 13,39,210
(B) Inadmissible Investment assets as per Clause (1) of Schedule I of regulation - - -
(C) Fixed assets as per BS 6,689 4,445 11,134
(D) Inadmissible Fixed assets as per Clause (1) of Schedule I of regulation 854 568 1,422
(E) Deferred Tax Assets as per BS 34,181 22,709 56,890
(F) Inadmissible Deffered Tax Asset as per Clause(1) of Schedule I of regulation 34,181 22,709 56,890
(G) Current Assets:
(H) Cash & Bank Balances as per BS 18,587 12,349 30,936
(I) Advances and Other assets as per BS 65,983 18,458 84,441
(J) Total Current Assets as per BS...(E)+(F) 84,570 30,807 1,15,377
(K) Inadmissible current assets as per Clause (1) of Schedule I of regulation 6,301 2,327 8,628
(L) Loans as per BS - - -
(M) Fair value change account subject to minimum of zero 1,403 932 2,335
(N) Total Assets as per BS (excl. current liabilities and provisions)…(A)+(C)+(G)+(I) 9,30,064 5,92,548 15,22,610
(O) Total Inadmissible assets…(B)+(D)+(H)+(J) 42,739 26,536 69,275

(M) Total Admissible assets for Solvency (excl. current liabilities and provisions)…(K)-(L)
8,87,325 5,66,012 14,53,337

(Amount in Rs. Lakhs)

Item
Inadmissible Investment assets (Item wise Details) Policyholders A/c. Shareholders A/c. Total
No.
Inadmissible Investment assets as per Clause (1) of Schedule I of regulation
Inadmissible Fixed assets
(a) Intangibles - IT Software 83 55 138
(b) Furniture & Fittings 771 513 1,284

Inadmissible current assets :

(a) Advance tax paid and taxes deducted at source (net of provision for tax) 151 100 251
(b) Staff Advance 1,082 719 1,802
(c) Other Advances - - -
(d) Advances - Deposit with Statutory Authorities 270 179 449
(e) Agents’ Balances - recoverable 96 64 159
(f ) Due from other entities carrying on insurance business (including reinsurers) - - -
(g) GST Input Credit 141 93 234
(h) GST Refund 789 524 1,313
(i) Income tax Refund Receivable 974 647 1,621
(j) Fixed Deposit for Unclaimed amount of Policy Holders 2,738 - 2,738
(k) Fixed Deposit Interest accrued on unclaimed amount of policyholders 61 - 61
(l) Other Receivables 0 0 0
(m) Short-term (due within 12 months) - - -

Inadmissible Deffered Tax Asset 34,181 22,709 56,890

Fair value change account 1,403 932 2,335

Total 42,739 26,536 69,275

Note: The form is prepared as per prescribed IRDAI Solvency Regulations as amended from time to time.

Version 1 May 26, 2023

 FORM NL-24 - SOLVENCY MARGIN (FORM IRDAI-GI-TR)

STATEMENT OF LIABILITIES : IRDAI-GI-TR

AS AT MARCH 31,2023
(Amount in Rs. Lakhs)
Current Year
Item No. Reserve Gross Reserve Net Reserve
(a) Unearned Premium Reserve (UPR) 7,65,737 7,23,091
(b) Premium Deficiency Reserve (PDR) - -
(c) Unexpired Risk Reserve (URR)…(a)+(b) 7,65,737 7,23,091
(d) Outstanding Claim Reserve (other than IBNR reserve) 55,263 52,354
(e) IBNR reserve 33,550 31,875
(f) Total Reserves for Technical Liabilities…(c)+(d)+(e) 8,54,550 8,07,320

Version 1 May 26, 2023

 FORM NL-25 - SOLVENCY MARGIN (TABLE IA)

Name of Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006
Classification: Business within India / Total Business

TABLE IA: REQUIRED SOLVENCY MARGIN BASED ON NET PREMIUM AND NET INCURRED CLAIMS AS ON MARCH 31,2023
(Amount in Rs. Lakhs)
Gross
Gross Net Net Incurred
Item No. Line of Business Incurred RSM 1 RSM 2 RSM
Premiums Premiums Claims
Claims
(1) (2) (3) (4) (5) (6) (7) (8) (9)
1 Fire - - - - - - -
2 Marine Cargo - - - - - - -
3 Marine - Other than Marine Cargo - - - - - - -
4 Motor - - - - - - -
5 Engineering - - - - - - -
6 Aviation - - - - - - -
7 Liability - - - - - - -
8 Health 12,95,247 12,31,964 7,66,759 7,32,040 2,46,393 2,19,612 2,46,393
9 Miscellaneous - - - - - - -
10 Crop - - - - - - -
Total 12,95,247 12,31,964 7,66,759 7,32,040 2,46,393 2,19,612 2,46,393

Version 1 May 26, 2023

 FORM NL-26 - SOLVENCY MARGIN (TABLE IB)

Name of Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006
Classification: Business within India / Total Business

AS AT MARCH 31,2023 (Amount in Rs. Lakhs)

(1) (2) (3)
ITEM NO. DESCRIPTION AMOUNT
(A) Policyholder’s FUNDS
Available assets(as per Form IRDAI-GI-TA) 8,87,325
Transfer from Shareholders Funds -
Deduct: -
(B) Current Liabilities as per BS 72,003
(C) Provisions as per BS 8,07,320
(D) Other Liabilities -
(E) Excess in Policyholder’s funds (A)-(B)-(C)-(D) 8,002
Shareholder’s FUNDS
(F) Available Assets 5,66,011
Deduct: -
(G) Other Liabilities 47,838
(H) Excess in Shareholder’s funds (F-G) 5,18,173
(I) Total ASM (E+H) 5,26,175
(J) Total RSM 2,46,393
(K) SOLVENCY RATIO (Total ASM/ Total RSM) 2.14

Version 1 May 26, 2023

FORM NL-27- PRODUCTS INFORMATION

Name of Insurer: Star Health And Allied Insurance Co Ltd For the quarter ended March 31,2023

Products Information
List below the products and/or add-ons introduced during the period

Sl.No Name of Product /Add On Co. Ref. No. IRDAI UIN Class of Business(a) Category of product Date of allotment of UIN

1 Family Health Optima Insurance Plan 129 SHAHLIP23164V072223 Health Health 23.01.2023
2 Family Health Optima Accident Care Policy 129 SHAHLIP23170V062223 Health Health 08.02.2023
3 Young Star Extra Protect–Add on Cover 129 SHAHLIA23171V012223 Health Health 22.02.2023
4 Smart Health Pro 129 SHAHLIP23172V012223 Health Health 23.02.2023
5 Special Care Gold, Star Health and Allied Insurance Company Limited 129 SHAHLIP23182V012223 Health Health 21.03.2023

Version 1 May 26, 2023

 FORM NL-28-STATEMENT OF INVESTMENT ASSETS AND STATEMENT OF ACCRETION OF ASSETS

PART - A
Name of the Insurer: Star Health And Allied Insurance Co Ltd
Registration Number: 129
Statement as on: MARCH 31,2023

Statement of Investment Assets (General Insurer including an insurer carrying on business of reinsurance or health
insurance)
(Business within India)
Periodicity of Submission: Quarterly
(Amount in Rs. Lakhs)
Section I

Sl.No PARTICULARS SCH ++ AMOUNT

1 Investments (Shareholders) 8 5,34,586

Investments (Policyholders) 8A 8,04,624
2 Loans 9 -
3 Fixed Assets 10 11,134
4 Current Assets
a. Cash & Bank Balance 11 30,936
b. Advances & Other Assets 12 84,441
5 Current Liabilities
a. Current Liabilities 13 2,03,008
b. Provisions 14 7,26,874
c. Misc. Exp not Written Off 15 -
d. Debit Balance of P&L A/c 1,13,161

4,22,677
Application of Funds as per Balance Sheet (A)
Less: Other Assets SCH ++ Amount
1 Loans (if any) 9 -
2 Fixed Assets (if any) 10 9,034
3 Cash & Bank Balance (if any) 11 30,936
4 Advances & Other Assets (if any) 12 84,441
5 Current Liabilities 13 2,03,008
6 Provisions 14 7,26,874
7 Misc. Exp not Written Off 15 -
8 Investments held outside India -
9 Debit Balance of P&L A/c 1,13,161

Total (B) (9,18,634)

'Investment Assets' (A-B) 13,41,310

Section II
SH PH Book Value (SH % Actual FVC Amount
Total
Balance FRSM+ Market Value
No 'Investment' represented as Reg. %
(h)
(a) (b) (c) d = (a+b+c) e = (d-a) % (f) (g)=(d+f)

Not less
1 - - 3,11,874 3,11,874 23.29% - 3,11,874 3,00,348
Central Govt. Securities than 20%
Central Govt Sec, State Govt Sec or Other Not less
2 - - 4,73,834 4,73,834 35.39% - 4,73,834 4,55,079
Approved Securities (incl (1) above) than 30%
3 Investment subject to Exposure Norms - - - - 0.00% - - -
a. Housing / Infra & Loans to SG for Housing and
- - - - 0.00% - - -
FFE Not less
1. Approved Investments than 15% - 2,600 2,94,188 2,96,788 22.17% - 2,96,788 2,91,184
2. Other Investments - - - - 0.00% - - -
b. Approved Investments Not - 1,39,920 3,74,822 5,14,742 38.44% 1,388 5,16,130 5,10,493
c. Other Investments exceeding - 53,611 - 53,611 4.00% 946 54,558 54,896
Investment Assets 100% - 1,96,131 11,42,844 13,38,976 100.00% 2,335 13,41,310 13,11,652

Note: 1. (+) FRSM refers 'Funds representing Solvency Margin'

2. Other Investments' are as permitted under 27A(2)
3. Pattern of Investment is applicable to both Shareholders funds representing solvency margin and policyholders funds.
4. Exposure Norms shall apply to Funds held beyond Solvency Margin, held in a separate Custody Account
5. SCH (++) refers to Schedules to Balance Sheet, prepared as per IRDAI (Preparation of Fin. Stmt and Auditors' Report of Ins Companies) Regulations
6. Investment Regulations, as amended from time to time, to be referred

Version 1 May 26, 2023

 PART - B

Name of the Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129
Statement as on: MARCH 31,2023

Statement of Accretion of Assets

(Business within India)
Periodicity of Submission : Quarterly (Amount in Rs. Lakhs)

Net Accretion for

Opening Balance % to Opening % to Total TOTAL
Sl.No Category of Investments COI the Qtr. % to Total
Balance Accrual
(A) (B) (A+B)
1 Central Govt. Securities 3,11,602 25.80% 272 0.20% 3,11,874 23.25%
Central Govt Sec, State Govt Sec or Other
2 4,73,606 39.21% 228 0.17% 4,73,834 35.33%
Approved Securities (incl (i) above)
3 Investment subject to Exposure Norms - -

a. Housing & Loans to SG for Housing and FFE - -

1. Approved Investments 94,135 7.79% (512) -0.38% 93,623 6.98%

2. Other Investments - 0.00% - 0.00% - 0.00%
b. Infrastructure Investments - 0.00% - 0.00% - 0.00%
1. Approved Investments 1,74,657 14.46% 28,508 21.37% 2,03,165 15.15%
2. Other Investments - 0.00% - 0.00% - 0.00%
c. Approved Investments 4,11,982 34.11% 1,04,148 78.06% 5,16,130 38.48%
d. Other Investments (not exceeding 15%) 53,514 4.43% 1,043 0.78% 54,558 4.07%
Total 12,07,894 100.00% 1,33,416 100.00% 13,41,310 100.00%

Note:
1. Total (A+B), fund wise should tally with figures shown in Form 3B (Part A)
2. Investment Regulations, as amended from time to time, to be referred

Version 1 May 26, 2023

 FORM NL-29-DETAIL REGARDING DEBT SECURITIES

Name of Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006 (Amount in Rs. Lakhs)

Detail Regarding debt securities

MARKET VALUE Book Value

As At As % of total for this As At As % of total for this As At As % of total for this As At As % of total for this
March 31,2023 class March 31,2022 class March 31,2023 class March 31,2022 class

Break down by credit rating

AAA rated 4,43,363 36.49% 3,92,032 36.92% 4,52,649 36.36% 3,88,557 36.52%
AA or better 3,10,224 25.53% 2,24,904 21.18% 3,13,273 25.17% 2,22,316 20.90%
Rated below AA but above A 27,763 2.28% 42,879 4.04% 27,461 2.21% 42,729 4.02%
Rated below A but above B - 0.00% 526 0.05% - 0.00% 503 0.05%
Any other (Central and State Govt Sec.) 4,33,779 35.70% 4,01,413 37.81% 4,51,402 36.26% 4,09,845 38.52%

Total (A) 12,15,128 100.00% 10,61,755 100.00% 12,44,786 100.00% 10,63,949 100.00%

BREAKDOWN BY
RESIDUALMATURITY
Up to 1 year 1,30,045 10.70% 1,38,476 13.04% 1,30,027 10.45% 1,38,006 12.97%
more than 1 year and upto 3years 1,41,111 11.61% 99,297 9.35% 1,41,096 11.33% 96,471 9.07%
More than 3years and up to 7years 4,02,828 33.15% 2,28,955 21.56% 4,13,131 33.19% 2,26,972 21.33%
More than 7 years and up to 10 years 5,17,141 42.56% 5,63,056 53.03% 5,35,327 43.01% 5,69,848 53.56%
above 10 years 24,002 1.98% 31,971 3.01% 25,205 2.02% 32,653 3.07%
Any other - NIL - 0.00% - 0.00% - 0.00% - 0.00%
Total (B) 12,15,128 100.00% 10,61,755 100.00% 12,44,786 100.00% 10,63,949 100.00%

Breakdown by type of the issuer

a. Central Government 3,00,348 24.72% 2,59,143 24.41% 3,11,874 25.05% 2,65,112 24.92%
b. State Government 1,33,431 10.98% 1,42,270 13.40% 1,39,528 11.21% 1,44,733 13.60%
c. Corporate Securities 7,10,876 58.50% 5,90,333 55.60% 7,22,910 58.08% 5,84,096 54.90%
Any other - (TREPS) 70,474 5.80% 70,008 6.59% 70,474 5.66% 70,008 6.58%
Total (C ) 12,15,128 100.00% 10,61,755 100.00% 12,44,786 100.00% 10,63,949 100.00%

Note
(a). In case of a debt instrument is rated by more than one agency, then the lowest rating will be taken for the purpose of classification.
(b). Market value of the securities will be in accordance with the valuation method specified by the Authority under Accounting/ Investment regulations.

Version 1 May 26, 2023

 FORM NL-30 -DETAILS OF NON-PERFORMING ASSETS

Name of Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006
(Amount in Rs. Lakhs)
Bonds / Debentures Loans Other Debt instruments All Other Assets TOTAL

NO PARTICULARS As At As At As At As At As At As At As At As At As At As At
March 31,2023 March 31,2022 March 31,2023 March 31,2022 March 31,2023 March 31,2022 March 31,2023 March 31,2022 March 31,2023 March 31,2022

1 Investments Assets 7,22,910 5,84,096 - - - - 6,18,400 5,62,214 13,41,310 11,46,311

2 Gross NPA - - - - - - - - - -
3 % of Gross NPA on Investment Assets (2/1) - - - - - - - - - -
4 Provision made on NPA - - - - - - - - - -
5 Provision as a % of NPA (4/2) - - - - - - - - - -
6 Provision on Standard Assets - - - - - - - - - -
7 Net Investment Assets (1-4) 7,22,910 5,84,096 - - - - 6,18,400 5,62,214 13,41,310 11,46,311
8 Net NPA (2-4) - - - - - - - - - -
9 % of Net NPA to Net Investment Assets (8/7) - - - - - - - - - -
10 Write off made during the period - - - - - - - - - -

Note:
a) The above statement, in the case of 'Life' Insurers shall be prepared 'fund-wise' Viz. Life Fund, Pension & Group Fund, ULIP Fund and at Assets Under Management level also.
b) Total Investment Assets should reconcile with figures shown in other relevant forms
c) Gross NPA is investments classified as NPA, before any provisions
d) Provision made on the 'Standard Assets' shall be as per Circular issued, as amended from time to time.
e) Net Investment assets is net of 'provisions'
f) Net NPA is gross NPAs less provisions
g) Write off as approved by the Board
f) Investment Regulations,as amended from time to time, to be referred

Version 1 May 26, 2023

 FORM NL-31-STATEMENT OF INVESTMENT AND INCOME ON INVESTMENT

Name of the Insurer: Star Health and Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006 Name of the Fund Investment Assets ( PH + SHFRM)
Statement of Investment and Income on Investment
Periodicity of Submission: Quarterly (Amount in Rs. Lakhs)
Current Quarter Year to Date (current year) Year to Date (previous year)3

Sl.No Category of Investment Category Code Income on Income on Income on

Gross Yield Investment Gross Net Yield Gross Yield Net Yield
Investment (Rs.)¹ Investment Net Yield (%)² Investment Investment (Rs.)¹ Investment
(%)¹ (Rs.)¹ Yield (%)¹ (%)² (%)¹ (%)²
(Rs.) (Rs.) (Rs.)
1 Central Government Bonds CGSB 2,97,131 4,861 1.64 1.22 2,95,817 19,361 6.54 4.90 1,97,908 22,434 8.82 8.48
2 Special Deposits CSPD - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
3 Deposit under Section 7 of Insurance Act, 1938 CDSS - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
4 Treasury Bills CTRB 14,609 218 1.49 1.12 14,225 761 5.35 4.01 24,602 646 2.63 1.96
5 Central Government Guaranteed Loans / Bonds CGSL 22,433 380 1.69 1.27 22,436 1,540 6.86 5.14 20,447 1,404 6.87 5.14
6 State Government Bonds SGGB 1,39,549 2,388 1.71 1.28 1,42,459 9,766 6.86 5.13 1,10,164 7,746 7.03 5.26
7 State Government Guaranteed Loans SGGL - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
8 Other Approved Securities (excluding Infrastructure Investments) SGOA - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
9 Guaranteed Equity SGGE - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
10 Loans to State Government for Housing HLSH - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
11 Loans to State Government for Fire Fighting Equipments HLSF - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
12 Term Loan - HUDCO / NHB / Institutions accredited by NHB HTLH - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
13 Commercial Papers - NHB / Institutions accredited by NHB HTLN - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
14 Housing - Securitised Assets HMBS - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
15 Bonds / Debentures issued by HUDCO HTHD - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
16 Bonds / Debentures issued by NHB / Institutions accredited by NHB HTDN - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
Bonds / Debentures issued by Authority constituted under any Housing / Building Scheme approved by Central / State / any
17 HTDA - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
Authority or Body constituted
18 Bonds / Debentures issued by HUDCO HFHD - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
19 Bonds / Debentures issued by NHB / Institutions accredited by NHB HFDN - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
Bonds / Debentures issued by Authority constituted under any Housing / Building Scheme approved by Central / State / any
20 HFDA - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
Authority or Body constituted
21 Debentures / Bonds / CPs / Loans HODS 93,629 1,720 1.84 1.37 91,454 6,802 7.44 5.57 62,033 5,003 8.06 6.03
22 Infrastructure - Other Approved Securities ISAS - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
23 Infrastructure - PSU - Equity shares - Quoted ITPE - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
24 Infrastructure - Corporate Securities - Equity shares-Quoted ITCE - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
25 Infrastructure - Equity and Equity Related Instruments (Promoter Group) IEPG - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
26 Infrastructure - Securitised Assets IESA - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
27 Infrastructure - Debentures / Bonds / CPs / loans - (Promoter Group) IDPG - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
28 Infrastructure - PSU - Debentures / Bonds IPTD 78,284 1,537 1.96 1.47 83,191 6,637 7.98 5.97 1,12,172 12,089 10.78 8.06
29 Infrastructure - PSU - CPs IPCP - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
30 Infrastructure - Other Corporate Securities - Debentures/ Bonds ICTD 81,007 1,566 1.93 1.45 78,079 6,096 7.81 5.84 88,207 7,891 8.95 6.69
31 Infrastructure - Other Corporate Securities - CPs ICCP - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
32 Infrastructure - Term Loans (with Charge) ILWC - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
33 Infrastructure - PSU - Debentures / Bonds IPFD - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
34 Infrastructure - Other Corporate Securities - Debentures/ Bonds ICFD - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
35 PSU - Equity shares - Quoted EAEQ - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
36 Corporate Securities - Equity shares (Ordinary)- Quoted EACE - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
37 Equity Shares - Companies incorporated outside India (invested prior to IRDA Regulations) EFES - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
38 Equity Shares (incl. Equity related Instruments) - Promoter Group EEPG - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
39 Corporate Securities - Bonds - (Taxable) EPBT 44,444 909 2.05 1.53 37,489 3,071 8.19 6.13 12,513 1,303 10.42 7.79
40 Corporate Securities - Bonds - (Tax Free) EPBF - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
41 Corporate Securities - Preference Shares EPNQ - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
42 Corporate Securities - Investment in Subsidiaries ECIS - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
43 Corporate Securities - Debentures ECOS 2,67,041 5,328 2.00 1.49 2,40,870 19,186 7.97 5.96 1,52,069 12,142 7.98 5.98
44 Corporate Securities - Debentures / Bonds/ CPs /Loan - (Promoter Group) EDPG - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
45 Corporate Securities - Derivative Instruments ECDI - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
46 Investment properties - Immovable EINP - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
47 Loans - Policy Loans ELPL - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
48 Loans - Secured Loans - Mortgage of Property in India (Term Loan) ELMI - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
49 Loans - Secured Loans - Mortgage of Property outside India (Term Loan) ELMO - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
50 Deposits - Deposit with Scheduled Banks, FIs (incl. Bank Balance awaiting Investment), CCIL, RBI ECDB 2,538 3 0.14 0.10 5,873 377 6.42 4.81 25,783 1,511 5.86 4.38
51 Deposits - CDs with Scheduled Banks EDCD - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
52 Deposits - Repo / Reverse Repo ECMR - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
53 Deposit with Primary Dealers duly recognised by Reserve Bank of India EDPD - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
54 CCIL - CBLO ECBO 63,594 989 1.56 1.16 51,005 2,721 5.33 3.99 60,339 2,010 3.33 2.49
55 Commercial Papers ECCP - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
56 Application Money ECAM - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
57 Perpetual Debt Instruments of Tier I & II Capital issued by PSU Banks EUPD - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
58 Perpetual Debt Instruments of Tier I & II Capital issued by Non-PSU Banks EPPD 1,999 46 2.28 1.71 1,998 185 9.27 6.93 5,042 461 9.15 6.85
59 Perpetual Non-Cum. P.Shares & Redeemable Cumulative P.Shares of Tier 1 & 2 Capital issued by PSU Banks EUPS - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
60 Perpetual Non-Cum. P.Shares & Redeemable Cumulative P.Shares of Tier 1 & 2 Capital issued by Non-PSU Banks EPPS - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
61 Foreign Debt Securities (invested prior to IRDA Regulations) EFDS - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
62 Mutual Funds - Gilt / G Sec / Liquid Schemes EGMF 20,235 302 1.49 1.12 16,885 1,078 6.38 4.78 27,214 642 2.36 1.77
63 Mutual Funds - (under Insurer's Promoter Group) EMPG - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
64 Net Current Assets (Only in respect of ULIP Business) ENCA - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
65 Bonds - PSU - Taxable OBPT - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
66 Bonds - PSU - Tax Free OBPF - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
67 Equity Shares (incl Co-op Societies) OESH - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
68 Equity Shares (PSUs & Unlisted) OEPU - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
69 Equity Shares (incl. Equity related Instruments) - Promoter Group OEPG - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
70 Debentures OLDB 31,470 757 2.40 1.80 37,749 3,692 9.78 7.32 17,795 1,606 9.03 6.75
71 Debentures / Bonds/ CPs / Loans etc. - (Promoter Group) ODPG - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
72 Commercial Papers OACP - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
73 Preference Shares OPSH - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
74 Venture Fund OVNF - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
75 Short term Loans (Unsecured Deposits) OSLU - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
76 Term Loans (without Charge) OTLW - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
77 Mutual Funds - Debt / Income / Serial Plans / Liquid Secemes OMGS - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
78 Mutual Funds - (under Insurer's Promoter Group) OMPG - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
79 Derivative Instruments OCDI - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
80 Securitised Assets OPSA - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
81 Investment properties - Immovable OIPI - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
82 Debentures / Bonds / CPs / Loans - (Promoter Group) HDPG - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
83 Housing - Securitised Assets HOMB - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
84 Debentures / Bonds / CPs / Loans - (Promoter Group) HOPG - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
85 Infrastructure - Infrastructure Development Fund (IDF) IDDF - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
86 Infrastructure - Equity (including unlisted) IOEQ - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
87 Infrastructure - Debentures / Bonds / CPs / loans IODS - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
88 Infrastructure - Securitised Assets IOSA - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
89 Infrastructure - Equity (Promoter Group) IOPE - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
90 Infrastructure - Debentures / Bonds / CPs / loans - (Promoter Group) IOPD - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
91 Municipal Bonds - Rated EMUN - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
92 Deposits - Repo / Reverse Repo - Corporate Securities ECCR - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
93 Municipal Bonds OMUN - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
94 Alternate Investment Funds (Category I) OAFA - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
95 Alternate Investment Funds (Category II) OAFB 2,325 - 0.00 0.00 2,325 - 0.00 0.00 - - 0.00 0.00
96 Debt Capital Instruments (DCI Basel III)) EDCI - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
97 Redeemable Non Cumulative Preference Shares (RNCPS - Basel III)) ERNP - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
98 Redeemable Cumulative Preference Shares (RCPS - Basel III) ERCP - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
99 Debt Capital Instruments (DCI Basel III)) ODCI - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
100 Redeemable Non Cumulative Preference Shares (RNCPS - Basel III)) ORNP - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
101 Redeemable Cumulative Preference Shares (RCPS - Basel III) ORCP - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
102 Passively Managed Equity ETF (Non Promoter Group) EETF 34,590 - 0.00 0.00 24,852 - 0.00 0.00 5,849 337 5.76 4.31
103 Passively Managed Equity ETF Promoter Group) EETP - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
104 Passively Managed Equity ETF Non Promoter Group) OETF 19,818 - 0.00 0.00 14,354 - 0.00 0.00 11,207 1,166 10.41 7.79
105 Passively Managed Equity ETF Promoter Group) OETP - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
106 Onshore Rupee Bonds Issued by ADB and IFC EORB - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
107 Onshore Rupee Bonds Issued by ADB and IFC (Infrastructure Approved) IORB - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
108 Onshore Rupee Bonds Issued by ADB and IFC OORB - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
109 Onshore Rupee Bonds Issued by ADB and IFC (Infrastructure Approved) IOOB - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
110 Long Term Bank Bonds Approved Investment- Infrastructure ILBI - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
111 Long Term Bank Bonds Approved Investment- Affordable Housing HLBH - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
112 Long Term Bank Bonds Other Investment- Infrastructure IOLB - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
113 Long Term Bank Bonds Other Investment- Affordable Housing HOLB - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
114 Additional Tier 1 (Basel III Compliant) Perpetual Bonds - [PSU Banks] EAPS - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
115 Additional Tier 1 (Basel III Compliant) Perpetual Bonds - [Private Banks] EAPB 2,019 43 2.15 1.61 2,252 197 8.77 6.56 4,038 90 2.24 1.68
116 Additional Tier 1 (Basel III Compliant) Perpetual Bonds - [PSU Banks] OAPS - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
117 Additional Tier 1 (Basel III Compliant) Perpetual Bonds - [Private Banks] OAPB - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
118 Reclassified Approved Investments - Debt (Point 6 under Note for regulation 4 to 9) ORAD - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
119 Reclassified Approved Investments - Equity (Point 6 under Note for regulation 4 to 9) ORAE - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
120 Units of Real Estate Investment Trust (REITs) ERIT 10,646 121 1.14 0.85 10,752 505 4.69 3.51 10,982 558 5.08 3.81
121 Units of InvIT EIIT 2,600 97 3.75 2.80 2,600 305 11.74 8.79 2,600 224 8.62 6.45
122 Units of Real Estate Investment Trust (REITs) ORIT - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
123 Units of InvIT OIIT - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
124 Reclassified Approved Investments - Debt (Point 6 under Note for Regulation 4 to 9) HORD - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
125 Reclassified Approved Investments - Debt (Point 6 under Note for Regulation 4 to 9) IORD - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
126 Reclassified Approved Investments - Equity (Point 6 under Note for Regulation 4 to 9) IORE - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
127 Debt ETFs - "Approved Investments" EDTF - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
128 Debt ETFs - "Other Investments" ODTF - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
129 Infrastructure Investments rated not less than “A” along with Rating of “EL1” IELB - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
130 Infrastructure Investment below “A” or “EL1” IOEL - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
131 Debt Instruments of InvITs - Approved Investments IDIT 19,750 386 1.96 1.46 13,677 1,080 7.90 5.91 11,700 131 1.12 0.84
132 Debt Instruments of REITs - Approved Investments EDRT 14,138 188 1.33 1.00 14,138 188 1.33 1.00 - - 0.00 0.00
133 Debt Instruments of InvITs - Approved Investments IOIT - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
134 Debt Instruments of REITs - Approved Investments ODRT - - 0.00 0.00 - - 0.00 0.00 - - 0.00 0.00
TOTAL 12,63,850 21,841 1.73% 1.29% 12,04,479 83,550 6.94% 6.17% 9,62,661 79,396 8.25% 5.37%

Note: Category of Investment (COI) shall be as per Guidelines, as amended from time to time
1 Based on daily simple Average of Investments
2 Yield netted for Tax
3 In the previous year column, the figures of the corresponding Year to date of the previous financial year shall be shown
4 FORM shall be prepared in respect of each fund.
5 YTD Income on investment shall be reconciled with figures in P&L and Revenue account
6 Investment Regulations, as amended from time to time, to be referred

Version 1 May 26, 2023

 FORM NL-32-STATEMENT OF DOWN GRADED INVESTMENTS

Name of Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006
Statement of Down Graded Investments
Periodicity of Submission: Quarterly

Statement as on March 31,2023 (Amount in Rs. Lakhs)

Rating
Sl.No Name of the Security COI Amount Date of Purchase Original Grade Current Grade Date of last Downgrade Remarks
Agency
A. During the Quarter ¹

B. As on Date ²

BANK OF INDIA ECOS 500 30-SEP-2013 CRISIL CRISIL - AAA CRISIL - AA+ 31-DEC-2017 NIL
IDFC FIRST BANK LIMITED1 ICTD 1,007 30-MAR-2016 ICRA ICRA - AAA ICRA - AA 28-JUN-2019 NIL
IDFC FIRST BANK LIMITED2 ICTD 2,036 07-SEP-2017 ICRA ICRA - AAA ICRA - AA 28-JUN-2019 NIL
IDFC FIRST BANK LIMITED3 ICTD 2,016 31-MAR-2016 ICRA ICRA - AAA ICRA - AA 28-JUN-2019 NIL
IDFC FIRST BANK LIMITED4 ICTD 400 24-FEB-2015 ICRA ICRA - AAA ICRA - AA 28-JUN-2019 NIL
IDFC FIRST BANK LIMITED5 ICTD 500 28-JUL-2015 ICRA ICRA - AAA ICRA - AA 28-JUN-2019 NIL
IDFC FIRST BANK LIMITED6 ICTD 800 24-JUN-2016 ICRA ICRA - AAA ICRA - AA 28-JUN-2019 NIL
IDFC FIRST BANK LIMITED7 ICTD 1,000 20-JUL-2015 ICRA ICRA - AAA ICRA - AA 28-JUN-2019 NIL
IDFC FIRST BANK LIMITED8 ICTD 501 31-MAR-2016 ICRA ICRA - AAA ICRA - AA 28-JUN-2019 NIL
PNB HOUSING FINANCE EPBT 800 01-AUG-2016 CARE CARE - AAA CARE - AA 30-SEP-2020 NIL

Note:
1 Provide details of Down Graded Investments during the Quarter.
2 Investments currently upgraded, listed as Down Graded during earlier Quarter shall be deleted from the Cumulative listing.
3 FORM shall be prepared in respect of each fund.
4 Category of Investment (COI) shall be as per Guidelines issued by the Authority
5 Investment Regulations, as amended from time to time, to be referred

Version 1 May 26, 2023

 FORM NL-33- REINSURANCE/RETROCESSION RISK CONCENTRATION

Name of Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006

Statement as on March 31,2023 (Amount in Rs. Lakhs)

No. of Premium ceded to reinsurers (Upto the Quarter) Premium
reinsurers ceded to
Proportional Non- Facultative reinsurers /
Sl.No. Reinsurance/Retrocession Placements
Proportional Total
reinsurance
premium
Outside India
1 No. of Reinsurers with rating of AAA and above - - - - -
2 No. of Reinsurers with rating AA but less than AAA - - - - -
3 No. of Reinsurers with rating A but less than AA - - - - -
4 No. of Reinsurers with rating BBB but less than A - - - - -
5 No. of Reinsurers with rating less than BBB - - - - -
Total (A) - - - - -
With In India - - - - -
1 Indian Insurance Companies - - - -
2 FRBs 3 - 9,194 - 15%
3 GIC Re 1 51,790 2,299 - 85%
4 Other (to be Specified) - - - - -
Total (B) 51790 11493 - 100%
Grand Total (C)= (A)+(B) 0 51,790 11,493 - 100%

Version 1 May 26, 2023

 FORM NL-34-GEOGRAPHICAL DISTRIBUTION OF BUSINESS

GROSS DIRECT PREMIUM UNDERWRITTEN

Miscellaneous (Amount in Rs. Lakhs)

Health Personal Travel Total Health/Total Total
Accident Insurance Miscellaneous

Sl.No. State / Union Territory For the Quarter For the Quarter For the For the Quarter March For the Quarter March 31,2023
March 31,2023 March 31,2023 Quarter 31,2023
March 31,2023

STATES
1 Andhra Pradesh 12,950 258 7 13,214 13,214
2 Arunachal Pradesh - - - - -
3 Assam 2,710 19 0 2,730 2,730
4 Bihar 2,615 10 0 2,625 2,625
5 Chhattisgarh 3,142 32 0 3,174 3,174
6 Goa 767 14 0 781 781
7 Gujarat 9,987 434 5 10,426 10,426
8 Haryana 23,245 176 3 23,423 23,423
9 Himachal Pradesh 681 11 0 693 693
10 Jharkhand 4,245 19 0 4,264 4,264
11 Karnataka 27,877 468 4 28,349 28,349
12 Kerala 33,358 137 5 33,500 33,500
13 Madhya Pradesh 14,683 129 3 14,815 14,815
14 Maharashtra 80,434 1,449 7 81,890 81,890
15 Manipur 23 1 - 23 23
16 Meghalaya 22 0 - 22 22
17 Mizoram - - - - -
18 Nagaland - - - - -
19 Odisha 7,498 47 0 7,545 7,545
20 Punjab 11,226 172 9 11,406 11,406
21 Rajasthan 9,821 303 2 10,126 10,126
22 Sikkim 51 0 - 51 51
23 Tamil Nadu 58,614 1,392 16 60,022 60,022
24 Telangana 24,680 406 6 25,093 25,093
25 Tripura 218 2 - 220 220
26 Uttarakhand 4,577 43 0 4,620 4,620
27 Uttar Pradesh 27,815 217 1 28,033 28,033
28 West Bengal 25,374 95 0 25,469 25,469
TOTAL (A) 3,86,613 5,835 69 3,92,517 3,92,517
UNION TERRITORIES
1 Andaman and Nicobar Islands - - - - -
2 Chandigarh 1,459 22 1 1,482 1,482
3 Dadra and Nagar Haveli - - - - -
4 Daman & Diu - - - - -
5 Govt. of NCT of Delhi 23,071 137 3 23,210 23,210
6 Jammu & Kashmir 1,479 8 0 1,487 1,487
7 Ladakh - - - - -
8 Lakshadweep - - - - -
9 Puducherry 1,190 37 0 1,227 1,227
TOTAL (B) 27,199 204 4 27,406 27,406

1 Outside India
- - - -
TOTAL (C) -
Grand Total (A)+(B)+(C) 4,13,812 6,039 73 4,19,923 4,19,923

Version 1 May 26, 2023

 FORM NL-34-GEOGRAPHICAL DISTRIBUTION OF BUSINESS

GROSS DIRECT PREMIUM UNDERWRITTEN

Miscellaneous (Amount in Rs. Lakhs)
Health Personal Travel Total Health/Total Total
Accident Insurance Miscellaneous

Sl.No. State / Union Territory Up to the quarter Up to the Up to the Up to the quarter ended Up to the quarter ended
ended quarter ended quarter ended March 31,2023 March 31,2023
March 31,2023 March 31,2023 March
31,2023
STATES
1 Andhra Pradesh 41,273 889 11 42,173 42,173
2 Arunachal Pradesh - - - - -
3 Assam 7,668 56 0 7,723 7,723
4 Bihar 7,157 40 1 7,198 7,198
5 Chhattisgarh 8,511 99 1 8,612 8,612
6 Goa 2,169 37 0 2,206 2,206
7 Gujarat 33,029 1,341 13 34,383 34,383
8 Haryana 77,149 576 9 77,733 77,733
9 Himachal Pradesh 1,805 34 1 1,841 1,841
10 Jharkhand 11,976 64 1 12,041 12,041
11 Karnataka 90,456 1,444 12 91,912 91,912
12 Kerala 1,01,194 515 17 1,01,726 1,01,726
13 Madhya Pradesh 43,220 450 8 43,678 43,678
14 Maharashtra 2,50,333 4,226 19 2,54,578 2,54,578
15 Manipur 90 2 - 92 92
16 Meghalaya 60 0 - 60 60
17 Mizoram - - - - -
18 Nagaland - - - - -
19 Odisha 20,166 143 1 20,310 20,310
20 Punjab 33,888 510 21 34,419 34,419
21 Rajasthan 27,526 958 4 28,487 28,487
22 Sikkim 124 2 - 125 125
23 Tamil Nadu 1,79,068 4,751 53 1,83,872 1,83,872
24 Telangana 82,712 1,373 12 84,097 84,097
25 Tripura 586 3 - 589 589
26 Uttarakhand 13,485 149 2 13,636 13,636
27 Uttar Pradesh 83,311 789 3 84,102 84,102
28 West Bengal 75,780 294 2 76,075 76,075
TOTAL (A) 11,92,733 18,745 190 12,11,668 12,11,668
UNION TERRITORIES
1 Andaman and Nicobar Islands - - - - -
2 Chandigarh 4,348 70 2 4,420 4,420
3 Dadra and Nagar Haveli - - - - -
4 Daman & Diu - - - - -
5 Govt. of NCT of Delhi 71,422 448 7 71,877 71,877
6 Jammu & Kashmir 4,014 27 0 4,042 4,042
7 Ladakh - - - - -
8 Lakshadweep - - - - -
9 Puducherry 3,139 97 3 3,239 3,239
TOTAL (B) 82,923 643 13 83,579 83,579

Outside India
- - - - -
1 TOTAL (C) - - - - -
Grand Total (A)+(B)+(C) 12,75,657 19,388 202 12,95,247 12,95,247

Version 1 May 26, 2023

 FORM NL-35- QUARTERLY BUSINESS RETURNS ACROSS LINE OF BUSINESS

Name of Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006

Statement as on March 31,2023 (Amount in Rs. Lakhs)

For the Quarter ended For the quarter ended Up to the quarter ended Up to the quarter ended
March 31,2023 March 31,2022 March 31,2023 March 31,2022
Sl.No Line of Business Premium No. of Policies Premium No. of Policies Premium No. of Policies Premium No. of Policies

1 Fire - - - - - - - -
2 Marine Cargo - - - - - - - -
3 Marine Other than Cargo - - - - - - - -
4 Motor OD - - - - - - - -
5 Motor TP - - - - - - - -
6 Health 4,13,812 23,34,392 3,62,863 21,35,396 12,75,657 74,56,265 11,29,431 68,93,965
7 Personal Accident 6,039 2,31,681 6,044 2,30,753 19,388 7,74,187 16,893 6,78,753
8 Travel 73 1,669 8 356 202 6,312 24 906
9 Workmen’s Compensation/ Employer’s - - - - - - - -
liability
10 Public/ Product Liability - - - - - - - -
11 Engineering - - - - - - - -
12 Aviation - - - - - - - -
13 Crop Insurance - - - - - - - -
14 Other segments - - - - - - - -
15 Miscellaneous - - - - - - - -

Version 1 May 26, 2023

FORM NL-36- BUSINESS -CHANNELS WISE

Name of Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006

Statement as on March 31,2023 (Amount in Rs. Lakhs)

For the Quarter ended Up to the quarter ended For the quarter ended Up to the quarter ended
March 31,2023 March 31,2023 March 31,2022 March 31,2022
Sl.No Channels
No. of Policies Premium No. of Policies Premium No. of Policies Premium No. of Policies Premium
(Rs.Lakhs) (Rs.Lakhs) (Rs.Lakhs) (Rs.Lakhs)
1 Individual agents 22,14,077 3,48,853 70,64,810 10,66,450 20,43,505 3,06,262 64,81,455 9,13,066
2 Corporate Agents-Banks 80,865 17,685 2,34,214 56,315 56,068 10,037 1,69,896 32,588
3 Corporate Agents -Others 4,882 829 17,741 3,110 4,833 3,901 19,314 8,876
4 Brokers 85,596 18,386 3,03,380 58,693 84,576 18,224 2,52,362 85,093
5 Micro Agents - - - - - - - -
Direct Business (D)=A+B+C 1,78,045 33,409 6,00,588 1,08,145 1,72,352 29,687 6,01,124 98,312
-Officers/Employees (A) 1,15,043 22,309 3,95,013 72,856 1,17,629 22,020 4,05,240 74,223
6
-Online (Through Company Website(B) 63,002 11,100 2,05,575 35,289 54,723 7,667 1,95,884 24,089
-Others - - - - - - - -
7 Common Service Centres(CSC) 145 5 267 13 - - - -
8 Insurance Marketing Firm 552 180 1,927 401 459 75 1,690 269
9 Point of sales person (Direct) 678 84 2,365 286 1,021 109 3,520 354
10 MISP (Direct) - - - - - - - -
11 Web Aggregators 2,902 493 11,472 1,833 3,691 621 44,263 7,788
12 Referral Arrangements - - - - - - - -
13 Other (Sub Intermediary) - - - - - - -
Total (A) 25,67,742 4,19,923 82,36,764 12,95,247 23,66,505 3,68,915 75,73,624 11,46,347
14 Business outside India (B) - - - - - - - -
Grand Total (A+B) 25,67,742 4,19,923 82,36,764 12,95,247 23,66,505 3,68,915 75,73,624 11,46,347

Version 1 May 26, 2023

 FORM NL-37-CLAIMS DATA

Name of Insurer: Star Health And Allied Insurance Co Ltd Upto the quarter ending March 31,2023
Registration Number: 129
Date of Registration: 16.March.2006

No. of claims only

Sl. No. Claims Experience Fire Marine Marine Total Motor Motor Total Health Personal Travel Total Health Workmen’s Public/ Engine Aviation Crop Other Miscella Total
Cargo Hull Marine OD TP Motor Accident Compensati Product ering Insurance segments neous
on/ Liability **
Employer’s
liability

1 Claims O/S at the beginning of the period - - - - - - - 109649 951 4 1,10,604 - - - - - - - 1,10,604
2 Claims reported during the period - - - - - - - 1845900 7464 61 18,53,425 - - - - - - - 18,53,425
(a) Booked During the period - - - - - - - 1782299 5666 51 17,88,016 - - - - - - - 17,88,016
(b) Reopened during the Period - - - - - - - 63601 1798 10 65,409 - - - - - - - 65,409
(c) Other Adjustment (to be specified) - - - - - - - - - - - - - - - - - - -
3 Claims Settled during the period - - - - - - - 1468655 2353 24 14,71,032 - - - - - - - 14,71,032
(a) paid during the period
(b) Other Adjustment ( to be specified) - - - - - - - - - - - - - - - - - - -
4 Claims Repudiated during the period - - - - - - - 361049 5,106 29 3,66,184 - - - - - - - 3,66,184
Other Adjustment ( to be specified) - - - - - - - - - - - - - - - - - - -
Unclaimed (Pending claims which are
transferred to Unclaimed A/c. after the
5
mandatory period as prescribed by the
Authority) - - - - - - - - - - - - - - - - - - -
6 Claims O/S at End of the period - - - - - - - 125845 956 12 1,26,813 - - - - - - - 1,26,813
Less than 3months - - - - - - - 104739 881 11 1,05,631 - - - - - - - 1,05,631
3 months to 6 months - - - - - - - 11991 21 1 12,013 - - - - - - - 12,013
6months to 1 year - - - - - - - 8294 30 - 8,324 - - - - - - - 8,324
1year and above - - - - - - - 821 24 - 845 - - - - - - - 845

Upto the quarter ending March 31,2023

(Amount in Rs. Lakhs)
Sl. No. Claims Experience Fire Marine Marine Total Motor Motor Total Health Personal Travel Total Health Workmen’s Public/ Engine Aviation Crop Other Miscella Total
Cargo Hull Marine OD TP Motor Accident Compensati Product ering Insurance segments neous
on/ Liability **
Employer’s
liability
1 Claims O/S at the beginning of the period - - - - - - - 55,559 4,893 75 60,527 - - - - - - - 60,527
2 Claims reported during the period - - - - - - - 13,56,769 25,389 79 13,82,237 - - - - - - - 13,82,237
(a) Booked During the period - - - - - - - 13,16,993 13,153 63 13,30,210 - - - - - - - 13,30,210
(b) Reopened during the Period - - - - - - - 39,775 12,236 15 52,027 - - - - - - - 52,027
(c) Other Adjustment (to be specified) - - - - - - - - - - - - - - - - - - -
3 Claims Settled during the period - - - - - - - 7,71,334 6,740 63 7,78,138 - - - - - - - 7,78,138
(a) paid during the period
(b) Other Adjustment ( to be specified) - - - - - - - - - - - - - - - - - - -
4 Claims Repudiated during the period - - - - - - - 2,36,812 18,805 78 2,55,695 - - - - - - - 2,55,695
Other Adjustment ( to be specified) - - - - - - - 3,53,646 16 5 3,53,668 - - - - - - - 3,53,668
Claims Deduction - - - - - - - - - - - - - - - - - - -
Unclaimed (Pending claims which are
transferred to Unclaimed A/c. after the
5
mandatory period as prescribed by the
Authority) - - - - - - - - - - - - - - - - - - -
6 Claims O/S at End of the period - - - - - - - 50,535 4,720 7 55,263 - - - - - - - 55,263
Less than 3months - - - - - - - 44,943 4,540 7 49,490 - - - - - - - 49,490
3 months to 6 months - - - - - - - 2,367 16 0 2,383 - - - - - - - 2,383
6months to 1 year - - - - - - - 1,719 19 - 1,739 - - - - - - - 1,739
1year and above - - - - - - - 1,506 145 - 1,651 - - - - - - - 1,651

Version 1 May 26, 2023

 Form NL-38-Development of Losses

Name of Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129 WITHIN INDIA
Date of Registration: 16.March.2006 Amount in Rs. Lakhs

Accident Year Cohort

YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar- YE 31-Mar-
Particulars YE 31-Mar-20131
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

A] Ultimate Net loss Cost - Original Estimate 2,71,568 46,099 68,374 83,786 1,17,110 1,69,316 2,25,750 3,18,639 4,47,307 8,41,883 7,55,228

B] Net Claims Provisions2 31,226 9,215 11,856 12,190 14,628 19,600 34,753 47,841 82,490 85,782 78,699
C] Cumulative Payment as of
one year later - 1st Diagonal 2,62,493 42,735 65,478 81,652 1,16,613 1,72,329 2,13,895 3,06,174 4,51,687 8,17,160 -
two year later - 2nd Diagonal 2,62,823 43,009 65,760 81,988 1,16,904 1,72,949 2,14,829 3,08,219 4,54,536 - -
three year later - 3rd Diagonal 2,62,919 43,064 65,894 82,217 1,17,020 1,73,163 2,15,272 3,08,903 - - -
four year later - 4th Diagonal 2,62,982 43,096 65,745 82,255 1,17,038 1,73,377 2,15,606 - - - -
five year later - 5th Diagonal 2,63,004 43,118 65,768 82,260 1,17,217 1,73,514 - - - - -
six year later - 6th Diagonal 2,62,972 43,128 65,785 82,299 1,17,341 - - - - - -
seven year later - 7th Diagonal 2,62,994 43,150 65,792 82,337 - - - - - - -
eight year later - 8th Diagonal 2,63,043 43,163 65,819 - - - - - - - -
nine year later - 9th Diagonal 2,63,062 43,165 - - - - - - - - -
ten year later - 10th Diagonal 2,63,096 - - - - - - - - - -
eleven year later - 11th Diagonal - - - - - - - - - - -

D] Ultimate Net Loss Cost re-estimated

one year later - 1st Diagonal 2,63,283 42,933 65,908 81,890 1,17,057 1,73,313 2,15,822 3,08,637 4,57,093 8,20,925 -
two year later - 2nd Diagonal 2,63,172 43,106 65,790 82,146 1,17,161 1,73,319 2,15,461 3,09,686 4,55,336 - -
three year later - 3rd Diagonal 2,63,143 43,108 65,913 82,248 1,17,106 1,73,299 2,15,875 3,09,171 - - -
four year later - 4th Diagonal 2,63,028 43,217 65,756 82,273 1,17,117 1,73,613 2,15,708 - - - -
five year later - 5th Diagonal 2,63,101 43,240 65,771 82,280 1,17,417 1,73,696 - - - - -
six year later - 6th Diagonal 2,63,042 43,257 65,801 82,407 1,17,446 - - - - - -
seven year later - 7th Diagonal 2,63,066 43,169 65,884 82,435 - - - - - - -
eight year later - 8th Diagonal 2,63,126 43,210 65,885 - - - - - - - -
nine year later - 9th Diagonal 2,63,126 43,218 - - - - - - - - -
ten year later - 10th Diagonal 2,63,187 - - - - - - - - - -
eleven year later - 11th Diagonal - - - - - - - - - - -

Favourable / (unfavorable) development3 Amount

8,381 2,881 2,489 1,351 (336) (4,380) 10,042 9,468 (8,029) 20,958 -
(A-D)
In %
3% 6% 4% 2% 0% -3% 4% 3% -2% 2% 0%
[(A-D)/A]

Note:-
The above triangles are at the Company level (Health, Personal Accident and Overseas Travel)
1.Includes all other prior years
2.Claims Provision is including Outstanding claims, IBNR / IBNER & ALAE
3.Favourable development occurs if Ultimate Net Loss Cost Re-estimated is lower than the original cost and vice versa for unfavorable development.The Ultimate Net Loss Cost - Original should be compared with the latest diagonal

Version 1 May 26, 2023

 FORM NL-39- AGEING OF CLAIMS

Name of Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006

For the Quarter ending on March 31,2023 (Amount in Rs. Lakhs)

Ageing of Claims (Claims paid)

Sl.No. Line of Business No. of claims paid Amount of claims paid Total No. of Total amount of
claims paid claims paid
upto 1 month > 1 month > 3 months > 6 months and <= > 1 year >3 >5 upto 1 month > 1 month >3 >6 > 1 year >3 >5
and <=3 and <= 6 1 year and <= 3 years years and <=3 months months and <= 3 years years
months months years and <= 5 months and <= 6 and <= 1 years and <= 5
years months year years

1 Fire - - - - - - - - - - - - - - - -
2 Marine Cargo - - - - - - - - - - - - - - - -
3 Marine Other than Cargo - - - - - - - - - - - - - - - -
4 Motor OD - - - - - - - - - - - - - - - -
5 Motor TP - - - - - - - - - - - - - - - -
6 Health 3,40,254 14,498 1,343 920 360 - - 1,88,975 3,431 344 130 58 - - 3,57,375 1,92,938
7 Personal Accident 507 14 2 - - - - 1,246 16 3 - - - - 523 1,265
8 Travel 2 2 - - - - - 2 0 - - - - - 4 2
9 Workmen’s - - - - - - - - - - - - - - - -
Compensation/
Employer’s liability
10 Public/ Product Liability - - - - - - - - - - - - - - - -
11 Engineering - - - - - - - - - - - - - - - -
12 Aviation - - - - - - - - - - - - - - - -
13 Crop Insurance - - - - - - - - - - - - - - - -
14 Other segments - - - - - - - - - - - - - - - -
15 Miscellaneous - - - - - - - - - - - - - - - -

Version 1 May 26, 2023

 FORM NL-39- AGEING OF CLAIMS

FORM NL-39- AGEING OF CLAIMS

Upto the Quarter ending on 31st March 2023 (Amount in Rs. Lakhs)
Ageing of Claims (Claims paid)
Sl.No. Line of Business Total No. of Total amount of
No. of claims paid Amount of claims paid
claims paid claims paid

>3 >3 >6 >3

> 1 month > 3 months > 1 year > 1 month > 1 year
> 6 months and <= years >5 months months years >5
upto 1 month and <=3 and <= 6 and <= 3 upto 1 month and <=3 and <= 3
1 year and <= 5 years and <= 6 and <= 1 and <= 5 years
months months years months years
years months year years

1 Fire - - - - - - - - - - - - - - - -
2 Marine Cargo - - - - - - - - - - - - - - - -
3 Marine Other than Cargo - - - - - - - - - - - - - - - -

4 Motor OD - - - - - - - - - - - - - - - -
5 Motor TP - - - - - - - - - - - - - - - -
6 Health 14,07,613 49,479 7,218 3,415 930 - - 7,58,716 10,951 1,210 331 126 - - 14,68,655 7,71,334
7 Personal Accident 2,304 40 7 1 1 - - 6,671 63 5 1 0 - - 2,353 6,740
8 Travel 13 8 1 - 2 - - 26 30 0 - 8 - - 24 63
9 Workmen’s - - - - - - - - - - - - - - - -
Compensation/
Employer’s liability
10 Public/ Product Liability - - - - - - - - - - - - - - - -
11 Engineering - - - - - - - - - - - - - - - -
12 Aviation - - - - - - - - - - - - - - - -
13 Crop Insurance - - - - - - - - - - - - - - - -
14 Other segments - - - - - - - - - - - - - - - -
15 Miscellaneous - - - - - - - - - - - - - - - -

Version 1 May 26, 2023

 FORM NL-41 OFFICES INFORMATION

Name of Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006

Statement as on March 31,2023

Sl. No.
Office Information Number
1 No. of offices at the beginning of the year 807
2 No. of branches approved during the year 81
3 Out of approvals of previous year 0
No. of branches opened during the year
4 Out of approvals of this year 28
5 No. of branches closed during the year 0
6 No of branches at the end of the year 835
7 No. of branches approved but not opened 53
8 No. of rural branches 0
9 No. of urban branches 835
No. of Directors:-
(a) 6
(a) Independent Director
(b) 3
(b) Executive Director
10 (c) 9
(c) Non-executive Director
(d) 2
(d) Women Director
(e) 3
(e) Whole time director
No. of Employees a)14733
(a) On-roll: b) 17 (on contract)
11
(b) Off-roll: c)14750
(c) Total
No. of Insurance Agents and Intermediaries a) 625860
(a) Individual Agents, b) 37
(b) Corporate Agents-Banks c) 48
(c)Corporate Agents-Others d) 469
(d) Insurance Brokers e) 8
12
(e) Web Aggregators f) 85
(f) Insurance Marketing Firm g) -
(g) Motor Insurance Service Providers (DIRECT) h) 8890
(h) Point of Sales persons (DIRECT) i) 1
(i) Other as allowed by IRDAI (To be specified)

Employees and Insurance Agents and Intermediaries -Movement

Particulars Employees
Insurance Agents and Intermediaries
Agents : 609695
Number at the beginning of the quarter 14598 Intermediaries : 640
POSP : 8925
Agents : 17753
Recruitments during the quarter 1366 Intermediaries : 35
POSP : 14

Agents : 1588
Attrition during the quarter 1214 Intermediaries : 27
POSP : 49
Agents : 625860
Number at the end of the quarter 14750 Intermediaries : 648
POSP : 8890

Version 1 May 26, 2023

FORM NL-42 BOARD OF DIRECTORS & KEY MANAGEMENT PERSONS

Name of Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006

Statement as on March 31,2023

Details of change in the

Sl. No Name of person Designation Role /Category
period, if any
1 Mr.V Jagannathan Executive Chairman and CEO Executive Chairman and CEO NIL
2 Dr.S.Prakash Executive Managing Director Executive Managing Director NIL
3 Mr.Anand Roy Executive Managing Director Executive Managing Director NIL
4 Mr.Berjis Desai Non -Executive Independent Director Non -Executive Independent Director NIL
5 Mr.Rohit Bhasin Non -Executive Independent Director Non -Executive Independent Director NIL
6 Ms.Anisha Motwani Non -Executive Independent Director Non -Executive Independent Director NIL
7 Mr.D.R.Kaarthikeyan Non -Executive Independent Director Non -Executive Independent Director NIL
8 Ms.Rajni Sekhri Sibal Non -Executive Independent Director Non -Executive Independent Director NIL
9 Mr.Rajeev Agarwal Non -Executive Independent Director Non -Executive Independent Director NIL
10 Mr.Sumir Chadha Non-Executive Nominee Director, Safecrop Investments India LLP Non-Executive Nominee Director, Safecrop Investments India LLP NIL
11 Mr.Deepak Ramineedi Non-Executive Nominee Director, Safecrop Investments India LLP Non-Executive Nominee Director, Safecrop Investments India LLP NIL
12 Mr.Utpal Sheth Non-Executive Nominee Director,Late Mr.Rakesh Jhunjhunwala Non-Executive Nominee Director,Late Mr.Rakesh Jhunjhunwala NIL
13 Mr.S.Sundaresan Senior Executive Director Senior Executive Director NIL
14 Mr.V.Jayaprakash Senior Executive Director & Chief Compliance Officer Senior Executive Director & Chief Compliance Officer NIL
15 Mr.P M Nair Senior Executive Director, Vigilance Senior Executive Director, Vigilance NIL
16 Mr.K Harikrishnan Senior Executive Director, Marketing Senior Executive Director, Marketing NIL
17 Mr.A.G. Gajapathy Senior Executive Director, Claims Senior Executive Director, Claims NIL
18 Mr.K.C. Kumar Senior Executive Director, HR Senior Executive Director, HR NIL
19 Mr.Nilesh Kambli Chief Financial Officer Chief Financial Officer NIL
20 Mr.Aneesh Srivastava Chief Investment Officer Chief Investment Officer NIL
21 Mr.Chandrashekhar Dwivedi Appointed Actuary Appointed Actuary NIL
22 Mr.Kapil Punwani Chief Risk Officer Chief Risk Officer NIL
23 Ms.Jayashree Sethuraman Company Secretary Company Secretary NIL

Version 1 May 26, 2023

 FORM NL-43-RURAL & SOCIAL OBLIGATIONS (QUARTERLY RETURNS)

Name of Insurer: Star Health And Allied Insurance Co Ltd

Registration Number: 129
Date of Registration: 16.March.2006
Upto the Quarter ending on March 31,2023
(Amount in Rs. Lakhs)

Rural & Social Obligations (Quarterly Returns)

No. of Policies Premium

Sl.No. Line of Business Particular Sum Assured
Issued Collected
Rural - - -
1 Fire
Social - - -
Rural - - -
2 Marine Cargo
Social - - -
Rural - - -
3 Marine Other Than Cargo
Social - - -
Rural - - -
4 Motor Od
Social - - -
Rural - - -
5 Motor Tp
Social - - -
Rural 16,85,734 2,58,712 1,12,26,683
6 Health
Social 4,75,320 79,176 32,02,273
Rural 2,23,242 4,755 44,97,013
7 Personal Accident
Social 38,152 905 8,87,309
Rural 966 34 1,55,190
8 Travel
Social 467 15 80,780
Rural - - -
9 Workmen’S Compensation/ Employer’S Liability
Social - - -
Rural - - -
10 Public/ Product Liability
Social - - -
Rural - - -
11 Engineering
Social - - -
Rural - - -
12 Aviation
Social - - -
Rural - - -
13 Other Segment (A)
Social - - -
14 Rural - - -
Miscellaneous
Social - - -
Rural 19,09,942 2,63,501 1,58,78,887
Total
Social 5,13,939 80,097 41,70,362

Version 1 May 26, 2023

 FORM NL-45-GREIVANCE DISPOSAL

Name of Insurer: Star Health And Allied Insurance Co Ltd

Statement as on March 31,2023
GRIEVANCE DISPOSAL
Sl.No Particulars Opening Additions during Complaints Resolved Total Complaints
Complaints
Balance the quarter (net of Fully Partial Accepted Rejected registered up to the
Pending at the end
duplicate Accepted quarter during the
of the quarter
complaints) financial year
1 Complaints made by customers
a) Proposal Related 2 21 7 1 10 5 44
b) Claims Related 338 3,055 861 353 1,813 366 9,054
c) Policy Related 53 545 341 74 106 77 1,478
d) Premium Related 4 56 23 6 22 9 132
e) Refund Related 6 97 50 13 27 13 277
f) Coverage Related - 20 2 1 13 4 38
g) Cover Note Related - - - - - - -
h) Product Related 6 45 20 12 15 4 143
i) Others (to be specified) 40 428 185 67 138 78 1,324
(i) Claim
(ii) Policy
(iii) Others
Total 449 4,267 1,489 527 2,144 556 12,490

Total No. of policies during previous

2 75,73,624
year:
Total No. of claims during previous
3 18,05,685
year:
Total No. of policies during current 82,36,764
4
year:

5 Total No. of claims during current year: 18,53,425

Total No. of Policy Complaints (current

6 year) per 10,000 policies (current year): 4.17

Total No. of Claim Complaints (current

7 year) per 10,000 claims registered 48.85
(current year):

Complaints made by customers Complaints made by Intermediaries Total

8 Duration wise Pending Status

Percentage to
Percentage to Pending Percentage to
Number Pending Number Number
complaints Pending complaints
complaints
a) Up to 15 days 556 100% 0 0% 556 100%
b) 15 - 30 days 0 0% 0 0% 0 0%
c) 30 - 90 days 0 0% 0 0% 0 0%
d) 90 days & Beyond 0 0% 0 0% 0 0%
Total Number of Complaints 556 100% 0 0% 556 100%

Version 1 May 26, 2023

 Form NL-46-VOTING ACTIVITY DISCLOSURE UNDER STEWARDSHIP CODE

Name of Insurer: Star Health And Allied Insurance Co Ltd

Type of Vote
Proposal of
Investee Company Meeting Management (For /
Sl.No Meeting Date Management / Description of the proposal Reason supporting the vote decision
Name (AGM / Recommendation Against/
Shareholders
EGM) Abstain)

1 NIL NIL NIL NIL NIL NIL NIL NIL

Version 1 May 26, 2023

 Name of Insurer: Star Health And Allied Insurance Co Ltd
FROM NL- 47
Profile & Performance of Health Insurance, Personal Accident and Travel Insurance Products during the FY 2022-23.

(Note: details of all Health, PA & Travel Insurance products approved by end of the FY to be provided)
Sl.No UIN Name of the Product No. Of Date of Launch Incurred Claims Combined Ratio % age of Claims % age of Claims No. Of Complaints No. Of Complaints % of policies renewed Age-wise distribution of Policies (classification of policies based on the age of the policy)
Lives (DD-MM- Ratio (ICR) (CR) Settled (in terms of Repudiated (in terms Received Resolved out of total no. Of No of No of Policies No of Policies No of Policies No of Policies Total No. Of
Insured YYYY) number of claims) of number of claims) policies due for renewal Policies in completed 1 year completed 3 years completed 5years completed 10 Policies
its 1st and more than 1 not more than 3 or more than 5 years and more
Year years and less than years years than 10 years
3 years but Less than 5 But less than 10
Years years
a b c d e f g h i j k l m n o p q=l+m+n+o+p

SHAHLIP20063V031920,
SHAHLIP21026V042021,
SHAHLIP21215V052021, SHAHLIP22037V062122
1 and SHAHLIP23037V072223 Medi classic Insurance Policy (Individual) 586234 22-07-2022 69% 100% 78.44% 15.37% 454 433 82.96% 35370 208316 130395 134608 65837 574526

SHAHLIP21011V052122, SHAHLIP22030V062122
2 and SHAHLIP23164V072223 Family Health Optima Insurance Plan 10865009 01-02-2023 74% 106% 77.73% 15.82% 901 894 90.21% 281425 1325622 883810 646398 200668 3337923

SHAHLIP2077V041920, SHAHLIP21025V052021,
SHAHLIP21263V062021 and
3 SHAHLIP22028V072122 Star Comprehensive Insurance Policy 73.58% 19.00%

SHAHLIP2077V041920, SHAHLIP21025V052021,
SHAHLIP21263V062021 and
4 SHAHLIP22028V072122 Star Comprehensive Insurance Policy(PA Claims) 2631815 22-11-2019 52% 82% 12.81% 75.04% 1831 1733 88.61% 268695 520924 252217 107406 18368 1167610
SHAHLIP18006V021819,SHAHLIP21023V032021,
SHAHLIP21264V042021 and
5 SHAHLIP22032V052122 Star Cardiac Care Insurance Policy 82.37% 12.45%
SHAHLIP18006V021819,SHAHLIP21023V032021,
SHAHLIP21264V042021 and
6 SHAHLIP22032V052122 Star Cardiac Care Insurance Policy(PA Claims) 9675 04-05-2018 78% 109% 0.00% 100.00% 17 16 93.50% 140 3360 3900 2282 2 9684

SHAHLIP21022V052021, SHAHLIP21266V062021
SHAHLIP22029V072122 and
7 SHAHLIP23081V082223 Diabetes Safe Insurance Policy 79.15% 14.36%

SHAHLIP21022V052021, SHAHLIP21266V062021
SHAHLIP22029V072122 and
8 SHAHLIP23081V082223 Diabetes Safe Insurance Policy(PA Claims) 10134 01-01-2023 83% 113% 16.67% 66.67% 29 28 87.19% 685 3277 3294 2445 117 9818

SHAHLIP21265V042021, SHAHLIP22040V052122 Senior Citizens Red Carpet Health Insurance

9 and SHAHLIP22199V062122 Policy 480429 12-02-2022 68% 98% 74.72% 18.36% 711 676 88.86% 45967 183148 99649 88510 28314 445588

SHAHLIP21212V042021, SHAHLIP21580V052021
10 and SHAHLIP22035V062122 Super Surplus Insurance Policy 64558 12-04-2021 24% 56% 28.00% 67.89% 27 25 83.51% 15324 32699 8458 3924 2527 62932

SHAHLIP21213V042021, SHAHLIP21579V052021
11 and SHAHLIP22034V062122 Star Super Surplus (Floater) Insurance Policy 666061 12.04.2021 14% 46% 12.63% 85.61% 103 100 81.01% 52601 129520 27705 6724 2573 219123
12 SHAHLIP21262V032021 Star Health Gain Insurance Policy 30686 27-12-2017 81% 111% 81.76% 13.32% 54 53 84.29% 1924 6489 7074 1682 881 18050
SHAHLGP19028V011819,
SHAHLGP21214V022021 and
13 SHAHLGP23021V032223 Star Group Health Insurance 1010901 18-05-2022 72% 95% 78.59% 18.36% 755 745 36.42% 8549 2267 902 486 90 12294
SHAHLIP18079V011718 and
14 SHAHLIP21243V022021 Star Special Care 654 17-01-2018 41% 72% 71.83% 14.08% 2 2 90.39% 148 364 143 0 0 655
IRDAI/HLT/SHAI/P-H(G)/V.I/6/2017-18 and
15 SHAHLGP21239V022021 Classic Group Health Insurance 14511 06-12-2017 21% 46% 55.18% 41.83% 1 1 59.31% 310 384 84 120 84 982
16 SHAHLGP19049V011819 Star Group Criticare Platinum 1628 01-03-2019 12% -42% 0.00% 0.00% 0 0 0.00% 1 -1 0 0 0 0
17 SHAHLGP19048V011819 Star Group Criticare Gold 50939 24-12-2018 13% -40% 10.00% 82.50% 6 5 0.00% 5 0 0 0 0 5
SHAHMIP20047V011920,
SHAHMIP21242V022021 and
18 SHAHMIP22038V032122 Star Micro Rural and Farmers Care 59955 04-09-2019 95% 127% 65.50% 29.31% 14 14 71.29% 6332 13133 3690 63 8 23226
SHAHLGP19102V011819 and Star Group Health Insurance Policy For Bank
19 SHAHLGP21290V022021 Customers 334088 27-02-2019 46% 79% 49.41% 45.24% 268 255 64.39% 6 9 5 0 0 20
SHAHLGP19115V011819 and Star Group Health Insurance Policy Gold (For
20 SHAHLGP21058V022021 Bank Customers) 201725 01-10-2020 68% 101% 57.25% 37.98% 545 527 73.10% 0 3 2 0 0 5
SHAHLIP20064V011920,
SHAHLIP21261V022021 and
21 SHAHLIP22231V012122 Star Out Patient Care Insurance Policy 9770 13-04-2022 39% 69% 42.99% 15.19% 11 11 44.29% 5106 58 5 0 0 5169
22 SHAHLIP20046V011920 Star Hospital Cash Insurance Policy 100002 04-09-2019 37% 69% 71.36% 26.31% 36 34 63.46% 12134 18433 10595 9 2 41173
Ayushman Bharat Pradhan Mantri Jan Arogya
23 SHAHGSP20026V011920 Yojana(ABPMJAY) - Government of Puducherry 0 29-07-2019 0% 0% 0.00% 0.00% 0 0 0.00% 0 0 0 0 0 0

SHAHLIP20132V011920,
SHAHLIP21024V022021, SHAHLIP21217V032021
24 and SHAHLIP22036V042122 Young Star Insurance Policy 1758554 16-03-2020 55% 86% 68.44% 24.06% 1467 1403 74.52% 321552 463099 7455 5207 2071 799384

SHAHLIP21240V042021 and
25 SHAHLIP22102V052122 Family Health Optima Accident Care Policy 86.58% 9.29%

SHAHLIP21240V042021 and Family Health Optima Accident Care Policy(PA

26 SHAHLIP22102V052122 Claims) 19256 01-11-2021 102% 133% 0.00% 85.71% 3 3 94.34% 2 495 243 4719 250 5709

SHAHLIP20121V041920, Medi Classic Accident Care (Individual)

27 SHAHLIP21241V052021, SHAHLIP23079V062223 Insurance Policy 84.21% 10.68%

SHAHLIP20121V041920, Medi Classic Accident Care (Individual)

28 SHAHLIP21241V052021, SHAHLIP23079V062223 Insurance Policy(PA Claims) 8145 13-12-2022 72% 103% 0.00% 100.00% 0 0 88.40% 44 801 12 182 11 1050

SHAHLIP21211V042021, SHAHLIP22030V062122
29 and SHAHLIP23164V072223 POS-Family Health Optima Insurance Plan 1038 01-02-2023 62% 95% 75.06% 22.98% 3996 3780 79.59% 14 -3 -3 0 0 8

Version 1.1 June 3,2023

Sl.No UIN Name of the Product No. Of Date of Launch Incurred Claims Combined Ratio % age of Claims % age of Claims No. Of Complaints No. Of Complaints % of policies renewed Age-wise distribution of Policies (classification of policies based on the age of the policy)
Lives (DD-MM- Ratio (ICR) (CR) Settled (in terms of Repudiated (in terms Received Resolved out of total no. Of No of No of Policies No of Policies No of Policies No of Policies Total No. Of
Insured YYYY) number of claims) of number of claims) policies due for renewal Policies in completed 1 year completed 3 years completed 5years completed 10 Policies
its 1st and more than 1 not more than 3 or more than 5 years and more
Year years and less than years years than 10 years
3 years but Less than 5 But less than 10
Years years
a b c d e f g h i j k l m n o p q=l+m+n+o+p

SHAHLIP20063V031920,SHAHLIP21026V042021,
SHAHLIP21215V052021, SHAHLIP22037V062122
30 and SHAHLIP23037V072223 POS-Medi classic Insurance Policy (Individual) 252 22-07-2022 55% 88% 69.23% 28.21% 66 59 58.63% 59 0 8 0 0 67
IRDA/STAR/30/09/09-10/11-12, IRDA/NL-
HLT/SHAI/P-H/V.I/106/13-14 and
31 SHAHLGP21267V022021 Star Net plus 0 05-08-2011 0% 0% 0.00% 0.00% 0 0 0.00% 0 0 0 0 0 0

SHAHLIP20182V011920, SHAHLIP21119V022021 Arogya Sanjeevani Policy, Star Health and Allied

32 and SHAHLIP22027V032122 Insurance Co Ltd., 386824 02-04-2020 50% 82% 64.94% 29.23% 288 280 69.44% 69678 84015 7502 5886 3681 170762
SHAHLGP21115V012021 and
33 SHAHLGP22147V022122 Star Group COVID Insurance Policy -14327 31-08-2021 -5% 23% 39.39% 60.61% 1 1 3.13% 0 4 0 0 0 4
SHAHLGP21153V012021 and Group Arogya Sanjeevani Policy, Star Health and
34 SHAHLGP22041V022122 Allied Insurance Co. Ltd. 20978 01-12-2021 37% 70% 38.04% 57.48% 49 49 40.05% 7618 1948 0 0 0 9566
35 SHAHLGP21567V012021 Star Group Topup 52898 01-01-2021 -2% 31% 6.67% 91.48% 28 27 41.17% 3 3 0 0 0 6
SHAHLIP21603V012021 and
36 SHAHLIP22033V022122 Star Cardiac Care Insurance Policy - Platinum 2242 26-07-2021 38% 70% 68.88% 19.92% 0 0 88.44% 1143 896 131 74 0 2244
SHAHLIP21608V012021 and
37 SHAHLIP22031V022122 Star Cancer Care Platinum Insurance Policy 2716 26-07-2021 14% 46% 45.52% 44.83% 3 3 91.69% 1308 1181 234 0 0 2723

38 SHAHLIP22140V012122 Star Critical Illness Multipay Insurance Policy 3249 03-02-2022 19% 88% 11.11% 55.56% 0 0 30.50% 1496 1602 3 6 12 3119

39 SHAHLIP22217V012122, SHAHLIP23132V022223 Star Women Care Insurance Policy 79335 08-03-2022 22% 50% 50.13% 39.85% 81 73 76.39% 42756 7155 1633 1449 583 53576
40 SHAHLIP22226V012122 Star Health Premier Insurance Policy 1481 18-03-2022 10% 39% 30.30% 56.82% 4 4 67.86% 978 119 16 7 4 1124
41 SHAHLGP22213V012122 Star Group Health Insurance benefit Plus 12295 01-04-2022 17% 50% 29.17% 66.67% 1 1 0.00% 11745 0 0 0 0 11745

42 SHAHLIP23017V012223, SHAHLIP23131V022223 Star Health Assure Insurance Policy 941104 09-05-2022 25% 56% 50.60% 31.26% 238 222 0.00% 339149 54906 28473 26588 9465 458581
43 SHAHLIA23061V012223 Star Extra Protect - Add on Cover 0 19-08-2022 0% 0% 0.00% 0.00% 0 0 0.00% 0 0 0 0 0 0

44 SHAHLGP23015V012223 Star Group Health Insurance Policy – Platinum 0 27-10-2022 0% 0% 0.00% 0.00% 0 0 0.00% 0 0 0 0 0 0
Star Group Health Insurance Benefit Plus –
45 SHAHLGP23146V012223 Platinum 3844 06-01-2023 348% 366% 0.00% 0.00% 0 0 0.00% 3850 0 0 0 0 3850
Special Care Gold, Star Health and Allied
46 SHAHLIP23182V012223 Insurance Company Limited 0 21-03-2023 0% 0% 0.00% 0.00% 0 0 0.00% 0 0 0 0 0 0
Star Group Critical Illness Multipay Insurance
47 SHAHLGP22134V012122 Policy 0 20-12-2021 0% 0% 0.00% 0.00% 0 0 0.00% 0 0 0 0 0 0
48 SHAHLGP21538V012021 Star Group COVID Topup 0 15-10-2020 0% 0% 0.00% 0.00% 0 0 0.00% 0 0 0 0 0 0
49 SHAHLIP21179V022021 Star Criticare Plus Insurance Policy 292 14-09-2009 86% 117% 82.08% 14.15% 6 4 78.22% 3 57 29 71 113 273
IRDA/NL-HLT/SHAI/P-H/V.I/169/13-14 and
50 SHAHLIP21177V022021 Star True value Health Insurance Policy 2955 29-11-2006 191% 212% 85.24% 11.14% 0 0 69.84% 0 143 2 116 1170 1431
Star Novel Coronavirus (nCoV) (COVID-19)
51 SHAHLIP21047V022021 Insurance Policy (Pilot Product) 18 12-06-2020 1617% 1634% 75.00% 25.00% 0 0 0.00% 16 0 0 0 0 16
SHAHLGP18083V011718 and
52 SHAHLGP21268V0122021 Privilege Group Health Insurance 0 27-11-2017 1% 18% 0.00% 0.00% 0 0 0.00% 0 0 0 0 0 0
SHAHLIP18046V011718 and
53 SHAHLIP21216V022021 Star Cancer Care Gold (Pilot Product) 1135 24-10-2017 21% 51% 56.38% 39.01% 10 9 87.00% 75 613 449 0 0 1137
Corona Kavach policy, Star Health and Allied
54 SHAHLIP21066V012021 Insurance Co. Ltd 824 27-07-2021 68% 93% 49.00% 46.41% 33 33 2.22% 392 258 12 0 0 662

Corona Rakshak policy, Star Health and Allied

55 SHAHLIP21067V012021 Insurance Co. Ltd 462 27-07-2021 353% 370% 54.38% 44.70% 68 68 0.97% 438 7 0 0 0 445
IRDA/NL-HLT/SHAI/P-H/V.I/139/13-14 and
56 SHAHLIP21178V022021 Star Family Delite Insurance Policy 0 05-08-2012 45% 45% 82.78% 16.78% 12 12 67.66% 0 0 0 0 0 0
IRDAI/HLT/SHAI/P-H.Micro/V.1/1/2017-18 and
57 SHAHLIP21180V022021 Star Care Micro Insurance Policy 0 01-12-2017 37% 70% 61.90% 35.71% 0 0 28.18% 0 0 0 0 0 0
58 SHAHLGP029V011920 Star Group Hospital Cash Insurance Policy 0 10-06-2020 0% 0% 0.00% 0.00% 0 0 0.00% 0 0 0 0 0 0
Star Group Novel Coronavirus (nCoV) (COVID-
59 SHAHLGP21003V012021 19) Insurance Policy 0 28-04-2020 0% 0% 50.00% 50.00% 0 0 0.00% 0 0 0 0 0 0
60 IRDAI/HLT/SHAI/P-P/V.III/134/2017-18 Accident Care Individual Insurance Policy 603140 15-07-2017 38% 64% 20.30% 68.08% 36 35 58.07% 228893 130348 104790 65746 6745 536522

61 SHAHPAIP18070V031718 POS-Accident Care Individual Insurance Policy 298 01-03-2018 1% 30% 0.00% 0.00% 0 0 34.47% 131 106 49 0 0 286
62 IRDAI/HLT/SHAI/P-H/V.II/102/2015-16 Accident Care (Group) Insurance 74661 01-04-2016 25% 47% 13.45% 73.10% 3 3 52.07% 800 709 409 299 68 2285

63 IRDA/NL-HLT/SHAI/P-H/V.I/104/13-14 Accident Trauma Care Insurance Policy ( Group) 56431 08-12-2006 72% 96% 57.76% 30.69% 0 0 50.17% 592 504 371 260 88 1815
Accident Trauma Care Insurance Policy
64 IRDA/NL-HLT/SHAI/P-P/V.I/136/13-14 (Individual) 62431 08-12-2006 84% 116% 48.03% 40.59% 0 0 48.95% 37476 15310 5854 2424 767 61831
SHAPAIP21607V012021 and Saral Suraksha Bima, Star Health and Allied
65 SHAPAIP22039V022122 Insurance Co Ltd 3691 01-04-2021 93% 124% 24.24% 54.55% 0 0 30.00% 2209 1078 0 1 0 3288
66 SHAHLIP21042V012021 Family Accident Care Insurance Policy 404270 22-08-2020 43% 76% 3.16% 90.62% 3 3 54.74% 81069 39399 42 4 2 120516
67 SHAHLGP18123V011718 Group Accident Insurance Policy 767092 13-06-2018 50% 71% 43.78% 43.47% 9 9 31.53% 46315 875 329 114 10 47643
68 IRDA/NL-HLT/SHAI/P-H/V.I/103/13-14 School Student Care Insurance 0 26-04-2006 0% 0% 0.00% 0.00% 0 0 0.00% 0 0 0 0 0 0
69 IRDA/NL-HLT/SHAI/P-H/V.I/101/13-14 College Student Care Insurance 35 04-05-2006 1% 34% 0.00% 0.00% 0 0 0.00% 1 0 0 0 0 1
70 IRDA/NL-HLT/SHAI/P-T/V.I/140/13-14 POS-Star Travel Protect Insurance Policy 0 01-03-2018 -70% -26% 0.00% 0.00% 0 0 0.00% 0 0 0 0 0 0
71 IRDA/NL-HLT/SHAI/P-T/V.I/140/13-14 Star Travel Protect Insurance Policy 5905 25-05-2006 0% 0% 38.10% 44.44% 1 1 0.00% 5905 0 0 0 0 5905

72 IRDA/NL-HLT/SHAI/P-T/V.I/142/13-14 Star Student Travel Protect Insurance Policy 394 20-11-2006 -35% 13% 0.00% 50.00% 0 0 0.00% 394 0 0 0 0 394

73 IRDA/NL-HLT/SHAI/P-T/V.I/143/13-14 Star Corporate Travel Protect Insurance Policy 13 22-06-2006 0% 45% 0.00% 0.00% 0 0 0.00% 13 0 0 0 0 13

74 SHATGOP20032V011920 Star Group Overseas Travel Insurance Policy 0 11-07-2019 0% 0% 0.00% 0.00% 0 0 0.00% 0 0 0 0 0 0
75 SHAHLlP18039V021718 Star First Optima 0 08-11-2017 0% 0% 0.00% 25.00% 1 1 0.00% 0 0 0 0 0 0
76 IRDA/NL-HLT/SHAI/P-H/V.I/135/13-14 Star Unique Health Insurance Policy 0 08-08-2013 0% 0% 0.00% 100.00% 0 0 0.00% 0 0 0 0 0 0

Version 1.1 June 3,2023

FORM NO. NL-48

DISCLOSURES ON QUANTITATIVE AND QUALITATIVE PARAMETERS OF HEALTH SERVICES RENDERED

(ANNUAL DISCLOSURE)

Name of Insurer: Star Health And Allied Insurance Co Ltd Date:31.03.2023

Information as at March 31,2023

a. Specify whether In-house Claim Settlement or Services rendered by TPA - In house Claim Settlement

Name of the TPA (If services rendered by TPA) -Not Applicable

Validity of agreement with the TPA: Not Applicable
(Data shall be consolidated at insurer level in case of in-house claim settlements and
at the level of concerned TPA in case of services rendered by TPA)

b. Number of policies and lives services in respect of which public disclosures are made:

Description Individual Group Government

Number of policies serviced 74,17,788 38,477 -

Number of lives serviced 1,87,24,864 16,89,480 -

c. Information with regard to the geographical area in which services are rendered by the TPAs/Insurer
Name of the State Name of the Districts
Not Applicable Not Applicable

d. Data of number of claims processed:

i. Outstanding number of claims at the beginning of the year 1,09,649
ii. Number of claims received during the year 18,45,900
iii. Number of claims paid during the year (specify % also in brackets) 1468655
iv. Number of claims repudiated during the year (specify % also in brackets) 361049
v. Number of claims outstanding at the end of the year 1,25,845

e. Turn Around Time (TAT) for cashless claims (in respect of number of claims):

Individual Policies (in %) Group Policies (in %)

S. No. Description
TAT for TAT for TAT for pre- TAT for
pre-auth** discharge*** auth** discharge***
1 Within <1 hour 58.61% 60.30% 55.60% 55.23%
2 Within 1-2 hours 30.41% 31.96% 36.50% 36.79%
3 Within 2-6 hours 9.70% 7.03% 6.75% 6.95%
4 Within 6-12 hours 0.66% 0.33% 0.59% 0.36%
5 Within 12-24 hours 0.37% 0.12% 0.27% 0.29%
6 >24 hours 0.24% 0.26% 0.29% 0.37%
Total 100.00% 100.00% 100.00% 100.00%

Percentage to be calculated on total of the respective column.

** reckoned from the time last necessary document is received by insurer / TPA (whichever is earlier) and till final pre-auth is issued to the hospitals
*** reckoned as final discharge summary sent to hospital from the time discharge bill is received by TPA

f. Turn Around Time in case of payment / repudiation of claims:

Individual Group Government Total

Description (to be reckoned
from the date of receipt of last
necessary document

No. of Claims Percentage No. of Claims Percentage No. of Claims Percentage No. of Claims Percentage

Within 1 month 14,91,279.00 90.56% 1,72,788.00 94.42% 16,64,067.00 90.95%

- -

Between 1-3 months 6.80% 4.42% 1,20,126.00 6.57%

1,12,040.00 8,086.00 - -
Between 3 to 6 months 1.02% 0.72% 18,079.00 0.99%
16,763.00 1,316.00 - -
More than 6 months 1.62% 0.44% 27,432.00 1.50%
26,626.00 806.00 - -
Total
16,46,708.00 100.00% 1,82,996.00 100.00% - - 18,29,704.00 100.00%

Percentage shall be calculated on total of the respective column

g. Data of grievances received against the TPA:

Description Number of
S. No.
Grievances
1 Grievances outstanding at the beginning of year 218
2 Grievances received during the year 12490
3 Grievances resolved during the year 12152
4 Grievances outstanding at the end of the year 556

Refer Health TPA Regulations , as amended from time to time

FORM NO. NL-48

DISCLOSURES ON QUANTITATIVE AND QUALITATIVE PARAMETERS OF HEALTH SERVICES RENDERED

(ANNUAL DISCLOSURE)

Name of Insurer: Star Health And Allied Insurance Co Ltd Date:31.03.2023

Information as at March 31,2023

a. Specify whether In-house Claim Settlement or Services rendered by TPA -TPA

Name of the TPA (If services rendered by TPA) - HERITAGE HEALTH INSURANCE TPA PVT.LTD. - WTA TRAVEL ASSIST SERVICS INC.
Validity of agreement with the TPA: 16/09/2021 to 15/09/2023
(Data shall be consolidated at insurer level in case of in-house claim settlements and
at the level of concerned TPA in case of services rendered by TPA)

b. Number of policies and lives services in respect of which public disclosures are made:

Description Individual Group Government

Number of policies serviced 6,312 - -
Number of lives serviced 6,312 - -

c. Information with regard to the geographical area in which services are rendered by the TPAs/Insurer
Name of the State Name of the Districts

d. Data of number of claims processed:

i. Outstanding number of claims at the beginning of the year 4
ii. Number of claims received during the year 61
iii. Number of claims paid during the year (specify % also in brackets) 24(36.92%)
iv. Number of claims repudiated during the year (specify % also in brackets) 29(44.62%)
v. Number of claims outstanding at the end of the year 12

e. Turn Around Time (TAT) for cashless claims (in respect of number of claims):
Individual Policies (in %) Group Policies (in %)
S. No. Description TAT for TAT for TAT for pre- TAT for
pre-auth** discharge*** auth** discharge***
1 Within <1 hour 0.00% 0.00% - -
2 Within 1-2 hours 100.00% 100.00% - -
3 Within 2-6 hours 0.00% 0.00% - -
4 Within 6-12 hours 0.00% 0.00% - -
5 Within 12-24 hours 0.00% 0.00% - -
6 >24 hours 0.00% 0.00% - -
Total 100.00% 100.00% 0.00% 0.00%

Percentage to be calculated on total of the respective column.

*** reckoned as final discharge summary sent to hospital from the time discharge bill is received by TPA

f. Turn Around Time in case of payment / repudiation of claims:

Description (to be reckoned Individual Group Government Total
from the date of receipt of last
No. of Claims Percentage No. of Claims Percentage No. of Claims Percentage No. of Claims Percentage
necessary document
Within 1 month 16 30.19% - - - - 16 30.19%
Between 1-3 months 26 49.06% - - - - 26 49.06%
Between 3 to 6 months 7 13.21% - - - - 7 13.21%
More than 6 months 4 7.55% - - - - 4 7.55%
Total 53 100.00% - 0.00% 0% 53 100.00%

Percentage shall be calculated on total of the respective column

Data of Grievance Received against TPA

Description Number of
S. No.
Grievances
1 Grievances outstanding at the beginning of year Not Applicable
2 Grievances received during the year Not Applicable
3 Grievances resolved during the year Not Applicable
4 Grievances outstanding at the end of the year Not Applicable

Refer Health TPA Regulations , as amended from time to time

Version 1 May 26, 2023