Rakesh Jhunjhunwala, an ace investor with compassion towards the society at large: Prakash, Star Health

  • IANS
  • Stock Market News
Rakesh Jhunjhunwala, an ace investor with compassion towards the society at large: Prakash, Star Health

"He wanted a new born baby to have an insurance cover from the day it was born without any waiting period. Jhunjhunwala also wanted the company's telemedicine facility to be available to all and not just for our policyholders. We also came out with an upgraded insurance policy for diabetic complications. We implemented all his suggestions," Dr. S.Prakash, Managing Director told IANS.

Prakash said Jhunjhunwala was a firm believer in making a social impact through insurance and wanted to invest in hospitals where people could be served.

At the board meetings, Jhunjhunwala will be very tough. He will read between and through the lines. But outside the boardroom, he was an affectionate individual, Prakash added.

According to Prakash, Star Health's association with Jhunjhunwala began seven years ago.

"He invested in the company during the financial year 2018-19. He had the highest confidence in the company. While talking over the phone, he would continue trading and would not miss out anything and would also ask questions," Prakash recalled.

According to Prakash, the one thing that Jhunjhunwala insisted on was to play fairly at the marketplace to scale industry heights.

"During the Covid-19 pandemic Jhunjhunwala insisted to do justice to all the policyholders," Prakash added.

(Venkatachari Jagannathan can be reached at v.jagannathan@ians.in)

--IANS
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