IRDAI imposes 3.39 cr penalty on Star Health Insurance

The Insurance Regulatory and Development Authority of India has imposed a penalty of ₹3.39 crore and issued a warning to Star Health and Allied Insurance Company for violations below IRDAI Information & Cyber Security Guidelines, 2023.

The regulator, nevertheless, didn’t elaborate on the violations in its July twenty fifth communication.

On Saturday (July 26, 2025), intimating the inventory alternate of the motion, Star Health stated the penalty has been levied with respect to sure facets pertaining to safeguard of knowledge and cyber safety. It stated the monetary affect is restricted to the penalty quantity and no affect is anticipated on the operation or different actions of the corporate. The choices accessible for addressing the matter are being evaluated, together with interesting towards the order of IRDAI to SAT.

The standalone insurer was within the highlight final yr after it got here below a cyber assault during which private information of shoppers received breached.

The firm’s management had in October confirmed the cyber assault and pointed to the way it responded swiftly and decisively. In the wake of the assault it was working very intently with cyber safety consultants, regulatory and regulation enforcement authority to completely examine the breach. It had additionally succeeded in taking down the information uncovered, a senior government stated. The insurer stated it was fortifying its programs with superior safety measures and controls to forestall any future incidents.