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<h1>
	 </h1> For a young person in his or her early 20’s, getting a <keyword id="6362363" type="ORGANIZATION" weightage="20" keywordseo="health-insurance">health insurance</keyword> plan is the last thing on the priority list. Unlike the West, where there is a lot of awareness about the need for medical insurance, in India, most people are yet to come to terms with the benefits and financial security that a health scheme offers. In fact, <a href="http://www.businessinsider.in/8-Insurance-Schemes-Modi-launched-and-how-they-benefit-you/articleshow/47418104.cms">Prime Minister Narendra Modi’s policy of insurance-led community engagement</a> stems on the basic philosophy of providing coverage to all Indians. 
 
Most young people procure a health insurance scheme only when they start working. Corporate companies offer health insurance to their employees at an affordable premium. However, corporate health does not offer comprehensive cover, which is why taking up an individual health insurance plan is such a necessity. 
 
Besides being oblivious about benefits of health cover, majority of youth feels that health insurance product is designed for middle age persons with families, senior citizen and critically ill individuals. In reality, this assumption is far from true. People only start relating with the importance of health insurance in mid-30s and 40s or when they are faced with a medical emergency and regret not taking a comprehensive health plan early on in life. This is because taking a health insurance at the start of a career (let’s assume 24 years) has many benefits such as – 
<h2>
	You pay less premium amount</h2>
 The biggest deterrent why most people hesitate taking a health insurance plan is that the premium amount they pay each year seems like an unnecessary expenditure. It is not only naïve to put a price tag on one’s health, but it is also important to view this expense as an investment in your health. Lifestyle diseases such as hypertension and diabetes are on the rise affecting more and more younger people. While the average age of the onset of diabetes is believed to be 45 years, doctors and physicians across various hospitals in the country have <a href="http://www.dnaindia.com/health/report-the-young-the-diabetic-2037486">reported</a> that a lot of people in 20’s and 30s are being diagnosed with Type II diabetes. It is to be noted that diabetes is the underlying cause for some ailments like kidney disease, heart-related disorder, and even stroke. 
To give perspective, taking a health insurance plan at a younger age means that you will be required to pay lower premium rate. The math is simple; greater the age, higher will be the premium. 
<h2>
	You get a health cover, even when you travel</h2>
It’s a common thing for working individuals in their early 20’s to plan holiday and trips with friends and colleagues. Although it is highly unlikely that a medical emergency will strike, it doesn’t hurt to be prepared for one. So, whether you are on a weekend getaway trip to Manali, Shimla or Lonavala or a holiday of the year to Goa, your medical insurance plan will come in handy. This is because more health plans such as <a href="https://www.hdfcergo.com/health-insurance.html">HDFC ERGO medical insurance</a> have tie-ups with a range of hospitals and multi-specialty clinics across India. All you have to do in go to a partner hospital and receive cashless treatment. In case you are visiting a non-partner hospital, you can produce the bills so as to get 100% reimbursement. 
<h2>
	You do not have to worry about waiting period</h2>
As per medical insurance terminology, waiting period is defined as the duration of time (which is usually 3-4 years, depending upon the policy), during which you cannot make any health claims for certain diseases. Buying, the health insurance at a younger age means, that by the time you need the assistance of the policy you have already exhausted the waiting period. This point stands valid with the statement- that you buy a health insurance when you don’t need one. 
<h2>
	You get a cover on wide range of procedures</h2>
Cashless hospitalizations, reimbursement on medical bills are some of the standard benefits of a comprehensive health insurance plan. In addition to that, the medical plan also covers an array of day care procedures like a minor eye surgery, skin tag removal, sinus operation, etc. that do not require hospitalization. 
<h2>
	You can avail tax benefits</h2>
Taking a health insurance plan at a young age means that you will start enjoying tax benefits. Under the section 80D of the Income-tax Act, an individual who has an ongoing health insurance policy can avail tax benefits. 
<h2>
	In conclusion</h2>
Learning the art of financial planning early on in life can prove to be highly beneficial in the long run. For a young person who has recently joined the workforce, the start can be by <a href="http://economictimes.indiatimes.com/wealth/insure/eight-reasons-to-buy-health-insurance-before-you-turn-30/articleshow/37317352.cms">taking up an optimum health plan</a>. Medical treatment is expensive and often come unannounced. Therefore, to secure your finances and saving, it is wise to take a health insurance cover in the early 20’s of life. 
 
(The article is authored by <a href="https://plus.google.com/+UtkarshSahu9?rel=author">Utkarsh Sahu</a>, a digital strategist with over three years of writing experience for business magazines) 
 
(Image: Thinkstock)

These are the 5 reasons you should get health
insurance in your early 20s?

<ul><li>More women are buying <keyword id="6362363" type="UNKNOWN" weightage="20" keywordseo="health-insurance">health insurance</keyword> plan with sum over ₹5 lac. </li><li>According to a survey by Policybazaar.com, the proportion of women buying health insurance plans increased from 9% in FY17 to 19% in FY19. </li><li>And their cover is increasing too. Six out of every 10 women are buying health plan with insurance sum of over ₹500,000. Policybazaar.com surveyed 10,000 women who were purchasing health insurance policies across 15 Indian states. </li></ul>Indian women are opting for insurance as a way to brace against increasing risk of diseases like diabetes, thyroid and cancer. According to a survey by Policybazaar.com, the proportion of women buying health insurance plans increased from 9% in FY17 to 19% in FY19. “Cases of cardiovascular diseases, diabetes, thyroid, infertility and breast cancer among women are increasing each year. The data is indicative of the changing trend of women investing in health plans that benefit them in more ways than one and provides financial protection against such emergencies in life,” said Amit Chhabra, head of health insurance, Policybazaar.com. And their cover is increasing too. Six out of every 10 women are buying health plan with insurance sum of over ₹500,000. Policybazaar.com surveyed 10,000 women who were purchasing health insurance policies across 15 Indian states. Health plans with insurance sum between ₹5 lakh and ₹10 lakh witnessed nearly 80% growth. Policies with insurance sum of more than ₹10 lac saw a surge of 61%. According to the survey, two-thirds of the women buying health insurance plan were between the ages of 25 to 45 years. “The average lifespan for women in India is 69 years, which clearly tells us why it’s crucial for women to be adequately covered by an apt health insurance plan early in their lives. A health plan is important to women across all age groups, young girls can opt for health insurance with their parents while working or married women must opt for an individual policy,” said Chhabra. The number of women purchasing health insurance policies on Policybazaar also increased by 57% in a year. This is a good sign for a country which does not believe in buying insurance policies. <a href="https://economictimes.indiatimes.com/wealth/insure/how-can-india-fill-the-gap-in-health-insurance-awareness/articleshow/63075506.cms?from=mdr">A large proportion of the country’s population do not avail of health insurance policies</a>. Recently, NITI Aayog recommended introduction of a mandatory health insurance coverage for everyone in India. <div type="Article" hostid="261" msid="72106851" title="Beware of cheap cancer drugs, they could be fakes from Bangladesh" mstype="2" mssubtype="0"></div>

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Indian women are bracing for emergencies with a higher health insurance cover

Like life insurance, <keyword id="6362363" type="ORGANIZATION" weightage="20" keywordseo="health-insurance">health insurance</keyword> has also become an important investment. With increase in medical costs and lifestyle diseases, it has become important for individuals to take up a health insurance, after all medical emergencies can happen anytime. There are several financial advisors who are selling health insurances and consumers often get confused as to which is the right investment and how much should one invest. Also, make sure you take up a health insurance as soon as you start earning. “It’s advisable to buy policy at a younger age, because the premium will be less and it will increase age wise. The minimum investment should start from Rs 700 per annum,” said Kaushlendra Singh Sengar, Founder &amp; CEO, Advisorymandi.com. Having said that, some financial advisors can also have a hidden agenda of promoting their company and not giving you a sound advice. “There are various factors one should consider before buying a health insurance. Check whether the policy is providing you a discount in next premium in case you have not taken any claim, see the claim settlement ratio, etc,” said Sengar. Here are 8 things you must look into before buying a health insurance

8 factors you must look into while buying health insurance and here’s how much you must invest

Stocks of health-insurance companies are getting slammed. In late-morning trading on Wednesday, Anthem, Humana, Cigna, and Aetna were all down by about 3%. Earlier, democratic presidential frontrunner Hillary Clinton said the mergers between Anthem and Cigna, and Aetna and Humana, should be closely scrutinized. The $37 billion-deal between the latter two got shareholder approval this week.According to <a href="http://www.bloomberg.com/politics/articles/2015-09-23/hillary-clinton-proposal-enforces-laws-to-scrutinize-health-m-a">Bloomberg</a>, Clinton said she would "vigorously enforce antitrust laws" to ensure the mergers were not detrimental to consumers. "As we see more consolidation in health care, among both providers and insurers, I'm worried that the balance of power is moving too far away from consumers," Clinton said in a statement, according to Reuters.Last month, <a href="http://www.businessinsider.com/response-hillary-clinton-drug-prices-plan-2015-9">biotech stocks</a> got slammed after Clinton tweeted that she would take on "price gouging" in the pharmaceutical industry. That was after the price of daraprim, the parasitic-infection drug, was hiked 5000% by Turing Pharmaceuticals.The broader stock market was little changed late Wednesday morning, with the Nasdaq nearly flat, and its biotechnology ETF down about 1%.Separately, shares of <a href="http://www.businessinsider.com/valeant-shares-crash-october-21-2015-10">Valeant Pharmaceuticals</a> cratered by as much as 30% after Citron Research described the company as a "Pharmaceutical Enron".Here are shares of the four health insurers proceeding with mergers. <div class="KonaFilter image-container display-table"><div><div class="image"><a href="https://www.google.com/finance?chdnp=1&amp;chdd=1&amp;chds=1&amp;chdv=1&amp;chvs=Linear&amp;chdeh=0&amp;chfdeh=0&amp;chdet=1445457600000&amp;chddm=1955&amp;chls=IntervalBasedLine&amp;cmpto=NYSE%3AHUM%3BNYSE%3AANTM%3BNYSE%3ACI&amp;cmptdms=0%3B0%3B0&amp;q=NYSE%3AAET&amp;ntsp=0&amp;fct=big&amp;ei=eLEnVvmZFIXCed_wg7gM">Google Finance</a></div></div></div><a href="http://www.thefly.com/landingPageNews.php?id=2270152&amp;headline=ANTM;CI;AET;HUM-Health-insurers-slide-after-Clinton-said-to-criticize-proposed-mergers">h/t TheFly</a> <div class="margin-top"> <h3>NOW WATCH: <a href="http://www.businessinsider.com/eggs-good-for-you-healthy-science-food-2015-9">Why you should be eating more eggs</a></h3> <div> <div> <div class="ooyala-video-player" data-video-autoplay="false" data-video-id="00Z2ZhcDrk7FEwVaS0ZIzzhtAZCpUmOX" data-player-variable="ooyalapopvideo" id="ooyalaplayer_popvideo" style="width:1280px;height:720px"></div> </div> </div> </div>

Health insurers are getting crushed

Every so often, I write about how Obamacare transfers wealth from the healthy to the sick, and while that's a just thing, we can't necessarily <a href="http://www.businessinsider.com/why-if-you-like-your-plan-cant-be-fixed-2013-11">expect the healthy to be happy about it</a>.
When I write this, I tend to get responses from liberals arguing that transfers from the healthy to the sick aren't a policy choice; they're just an obvious characteristic of insurance:
<blockquote class="twitter-tweet">
<a href="https://twitter.com/jbarro">@jbarro</a> <a href="https://twitter.com/jbouie">@jbouie</a> ALL ins works that way-good drivers pay for bad drivers; living ppl pay for dead ppl (life ins); healthy pay for sick.
- RealTrumanDem (@RealTrumanDem) <a href="https://twitter.com/RealTrumanDem/statuses/401412574337437696">November 15, 2013</a></blockquote>

This objection is wrong, and it reflects a misconception that most people have about insurance. This misconception obscures a key policy difference between conservatives and liberals that drives the debate over health care.
All insurance is a transfer to people who experience losses from people who do not. <keyword id="6362363" type="ORGANIZATION" weightage="60" keywordseo="health-insurance">Health insurance</keyword> is special in that it is a transfer to people who have high expected losses from people who do not. Liberals think this special feature is desirable; conservatives are uneasy about it.
Let's look at a simple property insurance example. Imagine a state where 50% of homes are located on the ocean and 50% are not. The oceanfront homes have a 10% chance of storm damage in a given year and the other homes have a 1% chance. Storm damage always results in a loss of $50,000 and the insurer has a profit margin of 10%.
By my calculations, oceanfront homeowners in this state will pay property insurance premiums of $5,500 and non-oceanfront homeowners will pay $550.
This insurance market will, in any given year, transfer money to the homeowners hit by storms from the homeowners who escape storms. But it will not, in the long run, transfer wealth from low-risk homeowners to high-risk homeowners. Over time, homeowners on the ocean can be expected to pay 91% of all premiums and make 91% of all claims.
Health insurance does not work like this. A variety of subsidies, regulations and norms conspire to ensure that people with high expected health costs - the equivalent of the oceanfront homeowners - pay premiums that are less than their expected claims. Their claims costs are cross subsidized by healthy people - the equivalent of inland homeowners - who pay far more in premiums than they can be expected to make in claims.
There's a challenge with any insurance market like this: How do you get the healthy people (or the inland homeowners) to buy insurance that's a bad deal for them? In the case of health insurance, we use a pile of subsidies, regulations and norms to goad the low risks into overpaying so they can subsidize the high risks.
We give out generous tax subsidies to buy health insurance, require employers to offer group health insurance on roughly the same terms across their employee populations, provide direct government health insurance to the old and the poor, and (under Obamacare) add new subsidies and penalties to push people into insurance. This stuff is all enormously expensive, but it gets most everybody covered.
As insurance markets go, health insurance is totally weird. But it's not totally random. Health insurance has to be unlike other insurance for a few reasons:
<ul>
<li>People choose to live on the ocean; they don't choose to have a chronic health condition. So, it's a lot harder to say it's fair to charge higher premiums to people with higher expected costs. (Though, as an aside, this distinction doesn't stop lawmakers from hurricane-prone coastal areas from arguing that property insurance should be subsidized for their constituents.)</li>
<li>In the case of auto insurance, higher premiums for dangerous drivers are, among other things, a mechanism for encouraging people to drive safely. It's not obvious how much we want to try to induce better health by charging higher premiums to the sick, though employers are doing a little bit of this by charging higher rates to smokers or overweight people who do not engage in fitness programs.</li>
<li>People can face unexpected changes in health status that make annual insurance contracts less workable for health insurance than other kinds of insurance. Your home is not likely to be suddenly diagnosed with hurricane or earthquake risk. But if you're diagnosed with diabetes or HIV/AIDS or cancer, your expected lifetime path of medical claims will suddenly rise, and so will the premiums insurers would want from you. Current laws try to work around this with guaranteed renewability: Your insurer has to keep renewing your health insurance without a special premium increase even if your health status worsens. But this doesn't help you if you want to change insurers or have to move to another state. Addressing this problem requires some sort of redistribution toward the newly sick.</li>
</ul>
So, there are good reasons for health insurance to be weird, and to include transfers toward people with high expected losses. But conservatives are uneasy about using health insurance to shift the cost of expected losses for some valid reasons. 
<ul>
<li>There's a reason we don't prepay for most goods and services through insurance structures: It encourages people to overconsume, since they don't pay (or don't pay much) at the margin for what they do consume.</li>
<li>While health status isn't chosen, it's also not entirely a matter of luck. Should we worry that shielding people from health cost increases will encourage unhealthy behaviors like smoking and obesity?</li>
<li>How much do we really want to use public policy to shield people from losses due to factors beyond their control? For example, the ACA is designed to prevent premium variation between men and women, even though healthy women tend to have greater health care costs than healthy men. But often, similar variations go unaddressed or only partially addressed by public policy. Childbirth is more disruptive to women's careers than men's, and how much the government should do to compensate women for this is a topic of major policy contention in lots of countries. Short people make less money than tall people, but we don't have a program of fiscal transfers to the short. I think premium equalization for men and women is good policy, but it's not as obvious as liberals often make it out to be.</li>
</ul>

Here's Why Health Insurance Is So Weird

Introduced by the Prime Minister Narendra Modi, the health insurance scheme with a grand vision is named as <keyword id="6199405" type="UNKNOWN" weightage="20" keywordseo="ayushman-bharat">Ayushman Bharat</keyword> providing the subscribers a medical expenses cover of up to Rs 5 lakh. Here is what you must know about the scheme and the eligibility criteria that will help you benefit from the scheme. Called by other names such as the National Health Protection Mission (AB-NHPM) or Modicare, this government-sponsored health insurance scheme offers free coverage of up to Rs 5 lakh per family per year for medical care availed of at any government hospital or an empanelled medical care facility in India. The scheme is meant only for poor families and the economically deprived segments of the society. The scheme aims to cover about 10.74 crore beneficiary families and around 50 crore Indian citizens. Key aspects of <keyword id="6199968" type="UNKNOWN" weightage="20" keywordseo="Ayushman-Bharat-scheme">Ayushman Bharat scheme</keyword> The medical insurance cover will provide a maximum of about Rs 5 lakhs per family per year on secondary as well as tertiary medical care availed of from medical facilities. Eligibility is strictly based on the Socio-Economic Caste Census (SECC) database and those that are eligible will be covered by the program automatically without having to register for it. If a person from an eligible family is hospitalized, the family need not spend on the treatment when they visit a government or an empanelled private hospital for treatment. The policy covers all kinds of diseases and the benefit offers coverage both for pre and post hospitalization expenses. Unlike other kinds of medical insurance schemes, there is no waiting period for pre-existing ailments. Though Aadhaar card is not a mandated requirement for availing of the medical care under the Ayushman Bharat scheme, the beneficiaries will have to produce a prescribed ID at the hospital to receive free treatment. Eligibility criteria for Ayushman Bharat scheme in rural areas 1. Families inhabiting a single room or a domicile with “kuchcha walls and kuchcha roof" 2. Families in which there is no adult member in the age group 16 and 59 3. Family headed by a female with no adult male member belonging to the 16-59 age group 4. Families in which there is at least one disabled member and no able-bodied adult member 5. SC/ST households 6. Landless households making a majority of their earnings from manual casual labour 7. Extremely poor and those individuals surviving on alms 8. Families of manual scavengers 9. Families belonging to primitive tribal groups Eligibility criteria for Ayushman Bharat scheme in urban areas As per the guidelines issues as part of the Ayushman Bharat scheme, the following 11 occupational categories of workers are included in the list automatically. 1. <keyword id="6470258" type="UNKNOWN" weightage="20" keywordseo="Domestic-worker">Domestic worker</keyword> 2. Street vendor, cobbler, hawker, and other service providers working on the streets 3. Construction worker, plumber, mason, labour, painter, welder, security guard, coolie and other head-load workers 4. Sweeper, sanitation worker, and gardener 8. Home-based worker, artisan, handicrafts worker, and tailor 9. Transport worker, driver, conductor, helper to drivers and conductors, cart puller, and rickshaw puller 10. Shop worker, assistant, peon in small establishment, helper, delivery assistant, attendant, and waiter 11. Electrician, mechanic, assembler, and repair worker 12. Washer-man, and chowkidar 13. Homeless people

What is Prime Minister health insurance scheme?

<ul><li>Star Health and Allied Insurance IPO has not been fully subscribed till the last day of the IPO and hence the issue has been extended till 7 p.m.</li><li>The IPO has been subscribed 79% as of 4 p.m., on December 2</li><li>The health insurer is looking to raise ₹7,249 crore through the public issue of shares.</li><li>The grey market premium of the company’s shares stood at ₹15 over the upper price band of ₹900.</li></ul>Rakesh Jhunjhunwala-backed Star Health and Allied Insurance initial public offering (IPO) has received a not-so-good response from investors in the three days of IPO bidding process. The issue has only been subscribed 79% as of 4 p.m., on December 2. Following this, the issue has been extended till 7 p.m., on December 2, for retail and eligible employees. For non-institutional investors the deadline has been extended till 6 p.m. Note that the IPO bidding time is usually from 10 a.m. to 5 p.m. The poor demand for the health insurer’s IPO is because analysts feel that the IPO is overvalued. Non-institutional investors and employees of the company have given a huge miss to the IPO as seen in the subscription figures. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.03 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.18 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.08 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Employees </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.08 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Overall </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.79 times </td></tr></tbody></table> Most mutual funds also avoided the IPO in the anchor allotment round as <a href="https://economictimes.indiatimes.com/mf/mf-news/mfs-give-star-health-ipo-a-miss-on-pricey-valuations/articleshow/88019603.cms">reportedly </a>the valuations seemed too expensive. The IPO received bids for 3.5 crore equity shares as against 4.4 crore shares available for subscription. In line with the weak subscription status, shares of the company are demanding a premium of just ₹15 in the grey market. The IPO consists of a fresh issue of shares worth ₹2,000 crore and an offer for sale of 5.83 crore shares by existing promoters and shareholders. <div type="image" title="star profit" height="900" width="1200" msid="88053209" hostid="261"></div> SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/auto/news/new-electric-scooter-bounce-infinity-launched-in-india/slidelist/88050215.cms">Bounce Infinity electric scooter launched — Here are the details on price, range, subsidies and more</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/sbis-former-chairperson-rajnish-kumar-joins-oyos-board-ahead-of-ipo/articleshow/88052541.cms">SBI’s former chairperson Rajnish Kumar joins OYO’s board ahead of IPO</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/whatsapps-grievance-officer-quits-within-six-months-and-facebook-is-looking-for-a-replacement/articleshow/88049265.cms">EXCLUSIVE: WhatsApp’s Grievance Officer in India quits within six months</a>

Star Health Insurance IPO subscribed only 79% on last day; issue extended till 7 p.m.

<ul><li>Star Health and Allied Insurance IPO has been subscribed only 0.20 times in the first two days of IPO bidding process.</li><li>The health insurer’s IPO is looking to raise ₹7,249 crore through the public issue of shares.</li><li>The grey market premium of the company’s shares rose to ₹15 from ₹10 earlier over the upper price band of ₹900.</li></ul>Ongoing initial public offering (IPO) of Rakesh Jhunjhunwala-backed Star Health and Allied Insurance has received poor response from investors in the first two days of the bidding process. The health insurer’s IPO has been struggling to get bids for ₹7,249 crore IPO. Analysts believe shares of the company are priced at expensive valuations and hence recommend avoiding the IPO. Manoj Dalmia, founder and director at Proficient equities, said that the IPO price is overvalued. He recommended waiting for the last day of the IPO and to invest only if the subscription crosses 100 times. In line with the weak subscription status, shares of the company are demanding a premium of just ₹15 in the grey market. Although the premium rose to ₹15 from ₹10 earlier over the upper price band of ₹900. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Investor category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription status </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.07 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.02 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.89 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Overall </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.20 times </td></tr></tbody></table> The IPO consists of a fresh issue of shares worth ₹2,000 crore and an offer for sale of 5.83 crore shares by existing promoters and shareholders. Rajnath Yadav from Choice Broking thinks the IPO could have been cheaper. “At a higher price band of ₹900, Star Health is demanding a market cap-to-net premium earned multiple of 10.3 times, which is at premium to the peer average. Moreover, the demanded valuations are at elevated premium to recent capital issuance,” said the analyst. The private health insurer has a market share of 15.8% in the Indian health insurance market as of financial year 2021. As of September 30, 2021, it has a distribution network of 779 health insurance branches spread across 25 states and 5 union territories in India. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/personal-finance/news/here-is-how-you-can-link-your-pan-before-applying-for-the-lic-ipo/articleshow/88032810.cms">Do you own an LIC policy? 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