Star Health and Allied Insurance Company Limited has informed the Exchange about the Annual Report for FY 2025-26

Date: July 31, 2026 Place: Chennai Ref: SHAI/B & S/SE/67/2026-27 To, To, The Manager The Manager Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Tower Exchange Plaza, 5th Floor, Plot C/1, Dalal Street G Block, Bandra-Kurla Complex Mumbai – 400001. Mumbai – 400051. Maharashtra, India Maharashtra, India Scrip Code: 543412 Symbol: STARHEALTH Dear Sir/ Madam, Sub: Integrated Annual Report Pursuant to Regulation 34 and Regulation 53 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 as amended, please find enclosed the Integrated Annual Report of the Company for financial year ended March 31, 2026. The aforesaid Integrated Annual Report is also available on the website of the Company at www.starhealth.in Kindly take the same on record. For Star Health and Allied Insurance Company Limited Jayashree Sethuraman Company Secretary & Compliance Officer Copy to: IDBI Trusteeship Services Limited, Asian Building, Ground floor, Ballard Estate, Mumbai-400 001, Maharashtra, India. Star Health & Allied Insurance Company Ltd Integrated Report FY2025-26 Health Security for an Empowered India Health security has become an increasingly important pillar of financial well-being, social resilience and economic progress. Rising healthcare costs, changing lifestyles and growing awareness around preventive care are reshaping how individuals and families approach healthcare protection. As a result, health insurance is evolving from a financial safeguard into an essential enabler of confidence, access and long-term well-being. India’s healthcare landscape is undergoing Star Health remains focused on a significant transformation, supported strengthening health security through by expanding healthcare infrastructure, customer-centric solutions, extensive increasing insurance penetration, healthcare access and technology- rapid digital adoption and progressive enabled services. By combining specialised regulatory reforms. The national vision of health insurance expertise with one of ‘Insurance for All’ by 2047 is further the country’s largest healthcare and accelerating efforts to make healthcare distribution networks, we strive to make protection more accessible, affordable quality healthcare protection more and inclusive across geographies and accessible and responsive to evolving customer segments. customer needs. Guided by our commitment to protecting lives and supporting healthier communities, we expand access, enhance customer experience and create long-term value for customers, partners and society. Through these efforts, we are contributing to a more resilient healthcare ecosystem and advancing the vision of a healthier, more empowered India. The report can be accessed at: www.starhealth.in Across the 02-83 84-210 Pages Corporate Overview Statutory Reports About the Report 02 Management Discussion & Analysis 84 About Star Health 04 Notice of the 21st Annual 95 General Meeting Our Journey 06 Board’s Report 108 Product Portfolio 08 Report on Corporate Governance 118 Geographic Presence 12 Business Responsibility & 161 Our Competitive Edge 13 Sustainability Reporting Chairperson’s Message 14 MD & CEO’s Message 16 Highlights of FY 2026 18 211-294 Value Creation Model 20 Financial Statements Stakeholder Engagement 22 Independent Auditor’s Report 211 Materiality Assessment 24 Revenue Account 221 Risk Management 26 Profit and Loss Account 225 Corporate Governance 33 Balance Sheet 227 Board of Directors 34 Receipts and Payments Account 229 Key Management Personnel 38 Schedules forming part of Financial 230 Regulatory Alignment 40 Statements Financial Capital 44 Management Report 282 Service Capital 48 Intellectual Capital 56 Human Capital 64 Social and Relationship Capital 70 Natural Capital 78 Corporate Information 83 Star Health & Allied Insurance Company Ltd Integrated Report FY 2025-26 About the Report This Integrated Annual Report for FY2025-26 presents an overview of the financial and non-financial performance of Star Health and Allied Insurance Company Limited, highlighting our focus on transparency, accountability and long-term value creation. The Report outlines how our strategy, governance practices, operational priorities and risk management framework support sustainable growth while addressing evolving stakeholder expectations. Prepared in alignment with the International Integrated Reporting Objective Reporting Framework (IIRC Framework), the Report reflects Our objective is to provide relevant, balanced and our integrated thinking approach and explains how we comparable financial and non-financial information that utilise financial, human, intellectual, social and digital enables stakeholders to gain a clear understanding of Star capabilities to create value across the business. Health and Allied Insurance Company Limited’s business The Report has been prepared in accordance with performance, strategic priorities and long-term value the applicable provisions of the Companies Act, 2013, creation approach. The Report presents insights into our SEBI (Listing Obligations and Disclosure Requirements) Company’s operating environment, governance practices, Regulations, 2015 and the guidelines issued by the Insurance risk management framework and key developments Regulatory and Development Authority of India (IRDAI). The across the business. Business Responsibility and Sustainability Reporting (BRSR) The Report also outlines how financial, human, intellectual, disclosures also form part of this Report. Through this social and digital capitals are utilised to support integrated reporting approach, we aim to provide a clear operational growth, customer service, digital advancement perspective on the Company’s performance, priorities and and healthcare access, while addressing evolving long-term value creation journey while contributing towards stakeholder expectations. improved healthcare access and financial protection. Board Approval Scope and Boundary The contents of this Report have been reviewed and This Report covers Star Health and Allied Insurance Company evaluated by the senior management and have been Limited’s operations and performance for the period April approved by the Board of Directors. The Board has exercised 1, 2025 to March 31, 2026, including both financial and non- appropriate oversight in the preparation of this Report financial activities. The report outlines the scope including the and confirms that it fairly represents the Company’s Company’s operations and activities across India ensuring strategy, governance, performance and prospects, a full coverage of the company’s efforts and impact. providing stakeholders with a balanced and holistic view of value creation. Reporting Framework This report is prepared with reference to the Global Reporting Responsibility Statement Initiative (GRI) standards and aligns to the guiding principles This Report has been prepared and developed in of perspicuity, reliability, entirety, context and certainty. accordance with the Integrated Reporting Framework. The report aligns with the 17 United Nations Sustainable The Report presents the Company’s approach towards Development Goals (UN SDGs), further reinforcing the governance, accountability and transparent disclosures commitment to global sustainability objectives. across financial and non-financial aspects of the business. It also draws guidance from the SEBI SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, IFRS Framework and aligns with global benchmarks for non- financial reporting. Company Overview Statutory Reports Financial Statements Our Capitals We create long-term value by strategically managing and investing in six interconnected capitals: Financial Healthy premium growth, disciplined Service Extensive hospital network, diversified Capital underwriting practices and prudent Capital distribution channels and customer- capital management supporti [Showing first 8,000 characters — download PDF for full document]