Star Health appoints Mr. Rajeev Kher as Chairperson of the Board

Star Health and Allied Insurance Company Ltd. (Star Health Insurance), India's largest retail health insurance company is pleased to announce the appointment of Mr. Rajeev Kher, Independent Director, as the Chairperson of its Board of Directors. The decision was taken at the Board meeting held on April 29, 2025. This appointment is subject to regulatory approval from the Insurance Regulatory and Development Authority of India (IRDAI).

Mr. Kher brings over four decades of distinguished service across international trade, industrial development, sustainable policy, and regulatory governance. A former Commerce Secretary to the Government of India and a senior officer of the Indian Administrative Service, Mr. Kher has held key leadership roles in the Ministries of Environment and Commerce, and served as a Member of the Competition Appellate Tribunal. He is widely regarded for shaping India's Foreign Trade Policy (2015-2020), leading international trade negotiations, and championing regulatory frameworks that align with global standards. His expertise continues to be sought by government bodies, global corporations, and policy think tanks across domains.

Commenting on his appointment, Mr. Rajeev Kher said, "I am deeply honoured to take on this responsibility at a time when health insurance is becoming central to India's social and economic resilience. Star Health has been a pioneer in this space, with a strong reputation for customer focus, innovation, and execution. I look forward to working closely with the Board and management to strengthen governance, drive long-term value, and steer the company through the evolving landscape of healthcare and insurance. Our focus will remain firmly on inclusive growth, ethical leadership, and institutional excellence."

Welcoming the announcement, Mr. Anand Roy, Managing Director & CEO, Star Health, said, ""We are privileged to have Mr. Rajeev Kher lead our Board at this important juncture. His visionary leadership, vast policy experience, and deep understanding of governance and public interest will be invaluable as we chart Star Health's next phase of growth. Mr. Kher's depth of policy expertise and leadership across critical domains will add immense value to Star Health as we continue to build a future-ready, purpose-driven organization. We look forward to his guidance in shaping the company's next phase of growth and further strengthening our commitment to accessible and trusted health insurance for all."

Shares of Star Health and Allied Insurance Company Limited was last trading in BSE at Rs. 377.50 as compared to the previous close of Rs. 390.30. The total number of shares traded during the day was 89409 in over 4266 trades.

The stock hit an intraday high of Rs. 383.65 and intraday low of 366.00. The net turnover during the day was Rs. 33691415.00.

Source : Equity Bulls

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