With health insurance expected to grow 50% annually, several specialized health insurance companies are waiting to launch business in India. The Insurance Regulatory and Development Authority (IRDA) has said that there are several specialized companies looking to set shop in India.

Already two specialized companies — Apollo DKV Health Insurance and Star Allied Health Insurance have received permission from the IRDA to do business in India….

For the second year in a row, the Andhra Pradesh government has chosen the city-based Star Health and Allied Insurance Company, a stand-alone health insurance firm, to provide accident cover to BPL (below poverty line) families in the State.

Star Health has collected a premium of around Rs.13 crores to provide one-year accident cover to 7.87crore people in the age group of 18-69 falling under the category of BPL families, which are gi…