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Apis Partner, ICICI Ventures buys minority stake in Star Health Insurance
Apis Partner, ICICI Ventures buys minority stake in Star Health Insurance
MUMBAI: Apis Partners PE Fund Apis Growth Fund I , and ICICI Venture 's new PE Fund, India Advantage Fund Series 4 today acquired a minority stake in Star Health Insurance Company.The Chennai based standalone health insurance company had hired MAPE Advisory Group to find a buyer for small stake.Star Health a joint venture between ICICI Ventures, Sequoia Capital Alpha TC Holdings and Oman Insurance company UAE."We have raised this money to meet solvency requirement and grow our business as we are growing at 32-35% year-on-year," said V. Jagannathan, Chairman-cum-Managing Director of Star Health.The company, founded in 2006, had seen its solvency margin slip below the regulatory requirement of 1.5%.
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Democrats Want A Hearing On Plans To Jack Up Health Insurance Rates In Tennessee
Democrats Want A Hearing On Plans To Jack Up Health Insurance Rates In Tennessee
Hear the radio version of this story.Democratic lawmakers in the Tennessee legislature want a public hearing on plans to increase rates for some government-backed health insurance by as much as 62 percent.They say Insurance Commissioner Julie Mix McPeak hasn't done enough to show the spike is needed to keep the health insurance market afloat.
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Child Health Insurance
Child Health InsuranceCompare Child Health Insurance"Children Are the Future"It goes without saying that children, the next generation, are a vital link between us and the future.All parents want the best for their children – the thought that they may get unwell is a terrible thought.But we must consider this possibility, if we are to be prepared for it.
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Mark Farrah Associates Provides Insights into the Individual Health Insurance Market
Mark Farrah Associates Provides Insights into the Individual Health Insurance Market
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Apis Growth Fund, ICICI Venture invest Rs 320 crore in Star Health Insurance
Apis Growth Fund, ICICI Venture invest Rs 320 crore in Star Health Insurance
Apis Growth Fund, ICICI Venture invest Rs 320 crore in Star Health InsuranceT E Narasimhan |Apis Growth Fund-1 and ICICI Venture have acquired a minority stake in Star Health and Allied Insurance Company.The investors have infused Rs 320 crore into the company, which is valued at around Rs 2,000 crore.Apis Growth Fund-1, a private equity fund managed by Apis Partners LLP, and India Advantage Fund Series 4, a private equity fund managed by ICICI Venture, have acquired the stake, whose quantum was not disclosed.
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