Star Health is a JV between Oman Insurance Company, ETA Ascon group (a business conglomerate in West Asia) and V Jagannathan, former Chairman and MD of United India Insurance.

It started its operations in 2006 and is focused only on health insurance. Last year, it earned a premium income of Rs 975 Cr and a pre-tax income of Rs 15 Cr.

Star Health has 150 offices across the country and plans to open 70 more this year. It also runs primary care clinics through its entity, Star Health and Medical Tourism.

Earlier in March, ICICI Venture and Sequoia Capital along with Carlyle Growth Fund and a fourth investor invested around $100 Mn for a 40% stake in the company of which ICICI had invested $21.4 Mn.