Star Health and Allied Insurance Company Limited announced that the Nomination and Remuneration Committee and Board of Directors in their meeting on June 26, 2023 have approved the appointment of Mr. Amitabh Jain, Chief Operating Officer as Key Managerial Personnel of the Company. Amitabh is a qualified engineer with post graduate qualification in Management and CFA. He has over 25 years of experience in the financial services industry with more than 20 years in the general insurance industry.

He joined the ICICI group in 1999 in the home loan business and moved into ICICI Lombard GIC as a founder member in 2001. Amitabh has worked across functions in Retail, Bancassurance and Corporate business of motor, health and allied products through multiple channels. The sales & distribution experience is complimented by more than 10 years' experience in underwriting, portfolio risk, P&L mgmt., product development and pricing, product launch including regulatory filings and approval, digital transformation, claims and provider management.

Over the years, he has been instrumental in building and scaling up businesses across functions. He had a pivotal role in building businesses from scratch; conceptualising, development and launch of new products and services including many industry firsts. He had a flair for leveraging technology for improving business outcomes and superior customer experience.

The latest being the launch and scaling up of IL Take care app ­ a one stop solution for insurance and wellness that has close to 5 million downloads and generating a revenue of more than INR 1,000 million In fiscal year 2023.