About the Company:

The company grew from From being the first standalone health insurance ("SAHI") company established in India in 2006, to the largest SAHI company in the overall health insurance market. The firm's comprehensive health insurance product suite insured 20.5 million lives in Fiscal 2021 in retail health and group health, which accounted for 89.3% and 10.7%, respectively, of our total health GWP in Fiscal 2021. The company is strategically focused on the retail health market segment and had a retail health GWP of Rs82,150.90 million in Fiscal 2021. As per the CRISIL research, The retail health market segment is expected to emerge as a key growth driver for the overall health insurance industry in India after the COVID- 19 crisis in India due to low penetration of health insurance, high out-of-pocket expenses for healthcare costs and since only 10% of the population has insurance policies outside of government plans.

The company distributes health insurance policies primarily through individual agents, which accounted for 78.9% of our GWP in Fiscal 2021. Individual agents are the primary method of distribution in the health insurance industry since health insurance is largely an assisted product in which customers often require help in selecting the policy best suited to their needs and during the claims process. The company's total number of individual agents grew at a CAGR of 27.3% from 0.29 million in Fiscal 2019 to 0.46 million in Fiscal 2021. The firm has successfully built one of the largest health insurance hospital networks in India, with more than 10,870 hospitals. Out of the total number of hospitals in our network, we have entered into pre-agreed arrangements with over 7,000 hospitals, or 64.9%, of the total number of hospitals in-network as of March 31, 2021.

Outstanding Litigation:

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