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Star Health Insurance launched its ₹ 7,249 crore (US$980.68 million) initial public offering (IPO) in December 2021. [6] [7] [8] After the issue was undersubscribed, it reduced the IPO size to ₹ 6,400 crore (US$865.82 million). [9]
Payors evaluate claims by verifying the patient's insurance details, medical necessity of the recommended medical management plan, and adherence to insurance policy guidelines. [4] The payor returns the claim back to the medical biller and the biller evaluates how much of the bill the patient owes, after insurance is taken out.
Starr is an insurance and investment organization with a presence on six continents; through its operating insurance companies, Starr provides property, casualty, and accident and health insurance products, as well as a range of specialty coverages, including aviation, marine, energy and excess casualty insurance. [1]
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Star Union Dai-ichi Life Insurance is an insurance company with headquarters in Mumbai, India. It was founded in 2007 and began operations in 2009 as a joint venture between Bank of India , Union Bank of India , and Dai-ichi Life , a Japanese life insurance firm. [ 1 ]
Stop-loss insurance reimbursements are made if the claims costs exceed the catastrophic claims levels in the policy, but if a stop-loss carrier became defunct or simply breached the contract, there would be nothing alleviating the self-funded plan from responsibility for the full amount of claims.
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