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Security Name: 8.75% Star Health and Allied Insurance Company Limited 27 Oct 2028

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ISIN:
INE575P08040
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Taxable

Tax Category

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29 Oct, 2026

Call Date
(1 Yr 10 Mo 6 D to call)

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Yearly

Interest Payment Frequency

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No

NRI Eligibility

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29 Oct, 2021

Allotment Date

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NA

Put Date

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29 Oct, 2025

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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Quote Not Available

Dirty Price

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8.75%

Coupon

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Fixed Interest

Coupon Basis

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NaN%

Current Yield

YOUR EARNING
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Your Investment

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Final Payout

₹0

Error Generating Cashflow 😥. We are looking into this.

*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
AA- / Stable
IND
AA Stable
CARE
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Unsecured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Star Health and Allied Insurance Company Limited

Star commenced its operations in 2006. The business interests span health insurance, overseas mediclaim policy and personal accident policy. It has a pan-India presence, with 737 branch offices, a network of 464,000 agents, with cashless and reimbursement facilities, and over 10,870 network hospitals across India.

The ratio in FY24 is 0.40x and it was 0.53x in FY23, indicating decrease in debt profile due to decrease in the borrowings and significant increase in the profitability of the issuer in FY24.

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Debt/EBITDA

The ratio in FY24 is 28.39x and it was 16.58x in FY23, indicating increase in debt service ability due to decrease in the interest expenses which led to decrease in the finance cost of the issuer.

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Interest coverage ratio

Recent News
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Galaxy Health gets nod to launch health insurance business, IRDAI also okays setting up of insurance e-marketplace

Mar 26, 2024 | Star Health and Allied Insurance Company Limited

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Star Health enters GIFT City, plans international products for NRIs

Mar 26, 2024 | Star Health and Allied Insurance Company Limited

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Star Health Insurance Receives Credit Rating Upgrade from India Ratings CARE

Oct 11, 2024 | Star Health and Allied Insurance Company Limited

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
E-Book
To know more about the Bond and the issuer, download the Information Memorandum.
E-Book
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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BOND VALUE DETAILS

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Total Investment
Cashflow for INE575P08040
Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR).
Security Name
8.75% Star Health and Allied Insurance Company Limited 27 Oct 2028
Credit Rating
AA- / Stable by IND
AA Stable by CARE
Coupon Frequency
Yearly
Face Value
₹10,00,000
Coupon
8.750000%
YTM or YTC
YTC
Call Date
29/10/2026
Security
Senior Unsecured
No. of Bonds
1
Settlement Date
Principal Amount
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Accrued Interest
₹NaN
Stamp Duty
₹0
Total Amount Payable
₹NaN
Price
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Yield
%
YearPayment DateAmountPayout Type

Quote Not Available for purchase

Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.

Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.

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