<?xml version="1.0" encoding="UTF-8"?>
<xbrli:xbrl xmlns:in-capmkt="http://www.bseindia.com/xbrl/2020-03-31/in-capmkt" xmlns:in-capmkt-ent="http://www.bseindia.com/xbrl/GeneralInsurance/2020-03-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.bseindia.com/xbrl/GeneralInsurance/2020-03-31/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.xbrl.org/2003/XLink">
<link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2020-03-31.xsd"/>
<xbrli:context id="OneD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period></xbrli:context>
<xbrli:context id="OneI"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2024-12-31</xbrli:instant></xbrli:period></xbrli:context>
<xbrli:context id="FourD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period></xbrli:context>
<xbrli:context id="FourI"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2024-12-31</xbrli:instant></xbrli:period></xbrli:context>
<xbrli:context id="OneOtherIncome01MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfOtherIncomeAxis">OtherIncome1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="OneOtherIncome02MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfOtherIncomeAxis">OtherIncome1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="OneOtherIncome03MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfOtherIncomeAxis">OtherIncome1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="OneOtherIncome04MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfOtherIncomeAxis">OtherIncome1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="FourOtherIncome01MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfOtherIncomeAxis">OtherIncome1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="FourOtherIncome02MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfOtherIncomeAxis">OtherIncome1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="FourOtherIncome03MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfOtherIncomeAxis">OtherIncome1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="FourOtherIncome04MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfOtherIncomeAxis">OtherIncome1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="OneOtherOperatingExpenses01MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfOtherOperatingExpensesAxis">OtherOperatingExpenses1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="OneOtherOperatingExpenses02MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfOtherOperatingExpensesAxis">OtherOperatingExpenses1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="FourOtherOperatingExpenses01MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfOtherOperatingExpensesAxis">OtherOperatingExpenses1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="FourOtherOperatingExpenses02MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfOtherOperatingExpensesAxis">OtherOperatingExpenses1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="OneShareholdersAccountOtherIncome01MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfShareholdersAccountOtherIncomeAxis">ShareholdersAccountOtherIncome1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="FourShareholdersAccountOtherIncome01MemberD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfShareholdersAccountOtherIncomeAxis">ShareholdersAccountOtherIncome1Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthRetailContextOneD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentRevenueAxis">in-capmkt:HealthRetailMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthGroupContextOneD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentRevenueAxis">in-capmkt:HealthGroupMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthRetailContextFourD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentRevenueAxis">in-capmkt:HealthRetailMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthGroupContextFourD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentRevenueAxis">in-capmkt:HealthGroupMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthRetailContextPremiumDefOneD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentPremiumDeficiencyAxis">in-capmkt:HealthRetailMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthGroupContextPremiumDefOneD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentPremiumDeficiencyAxis">in-capmkt:HealthGroupMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="UnallocatedContextPremiumDefOneD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentPremiumDeficiencyAxis">in-capmkt:UnallocatedMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthRetailContextPremiumDefFourD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentPremiumDeficiencyAxis">in-capmkt:HealthRetailMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthGroupContextPremiumDefFourD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentPremiumDeficiencyAxis">in-capmkt:HealthGroupMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="UnallocatedContextPremiumDefFourD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentPremiumDeficiencyAxis">in-capmkt:UnallocatedMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthRetailContextUnderwritingProfLossOneD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentUnderwritingProfitOrLossAxis">in-capmkt:HealthRetailMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthGroupContextUnderwritingProfLossOneD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentUnderwritingProfitOrLossAxis">in-capmkt:HealthGroupMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="UnallocatedContextUnderwritingProfLossOneD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentUnderwritingProfitOrLossAxis">in-capmkt:UnallocatedMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthRetailContextUnderwritingProfLossFourD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentUnderwritingProfitOrLossAxis">in-capmkt:HealthRetailMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthGroupContextUnderwritingProfLossFourD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentUnderwritingProfitOrLossAxis">in-capmkt:HealthGroupMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="UnallocatedContextUnderwritingProfLossFourD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentUnderwritingProfitOrLossAxis">in-capmkt:UnallocatedMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthRetailContextOperatingPLOneD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentOperatingProfitOrLossAxis">in-capmkt:HealthRetailMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthGroupContextOperatingPLOneD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentOperatingProfitOrLossAxis">in-capmkt:HealthGroupMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="UnallocatedContextOperatingPLOneD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentOperatingProfitOrLossAxis">in-capmkt:UnallocatedMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthRetailContextOperatingPLFourD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentOperatingProfitOrLossAxis">in-capmkt:HealthRetailMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthGroupContextOperatingPLFourD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentOperatingProfitOrLossAxis">in-capmkt:HealthGroupMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="UnallocatedContextOperatingPLFourD"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2024-10-01</xbrli:startDate><xbrli:endDate>2024-12-31</xbrli:endDate></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentOperatingProfitOrLossAxis">in-capmkt:UnallocatedMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthRetailContextTechLiabilityOneI"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2024-12-31</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentTechnicalLiabilitiesUnexpiredRiskReserveNetAxis">in-capmkt:HealthRetailMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthGroupContextTechLiabilityOneI"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2024-12-31</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentTechnicalLiabilitiesUnexpiredRiskReserveNetAxis">in-capmkt:HealthGroupMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="UnallocatedContextTechLiabilityOneI"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2024-12-31</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentTechnicalLiabilitiesUnexpiredRiskReserveNetAxis">in-capmkt:UnallocatedMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthRetailContextTechLiabilityIBNEROneI"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2024-12-31</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentTechnicalLiabilitiesUnexpiredClaimsReservesIncludingIBNRAndIBNERAxis">in-capmkt:HealthRetailMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
<xbrli:context id="HealthGroupContextTechLiabilityIBNEROneI"><xbrli:entity><xbrli:identifier scheme="http://www.nseindia.com/NSESymbol">STARHEALTH</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2024-12-31</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:SegmentTechnicalLiabilitiesUnexpiredClaimsReservesIncludingIBNRAndIBNERAxis">in-capmkt:HealthGroupMember</xbrldi:explicitMember></xbrli:scenario></xbrli:context>
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<in-capmkt:DescriptionOfOtherIncome contextRef="OneOtherIncome03MemberD">(ii) Towards remuneration of  MD/CEO/WTD/Other KMPs SH</in-capmkt:DescriptionOfOtherIncome>
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<in-capmkt:DescriptionOfOtherIncome contextRef="FourOtherIncome02MemberD">(b) Contribution from Shareholders' Account</in-capmkt:DescriptionOfOtherIncome>
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<in-capmkt:DescriptionOfOtherIncome contextRef="FourOtherIncome03MemberD">(ii) Towards remuneration of  MD/CEO/WTD/Other KMPs SH</in-capmkt:DescriptionOfOtherIncome>
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<in-capmkt:DescriptionOfOtherOperatingExpenses contextRef="OneOtherOperatingExpenses01MemberD">Advertisement and publicity</in-capmkt:DescriptionOfOtherOperatingExpenses>
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<in-capmkt:DescriptionOfOtherOperatingExpenses contextRef="FourOtherOperatingExpenses01MemberD">Advertisement and publicity</in-capmkt:DescriptionOfOtherOperatingExpenses>
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<in-capmkt:ShareholdersAccountOtherIncome contextRef="OneShareholdersAccountOtherIncome01MemberD" unitRef="INR" decimals="-5">1000000.00</in-capmkt:ShareholdersAccountOtherIncome>
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<in-capmkt:IncomeFormInvestments contextRef="HealthRetailContextOneD" unitRef="INR" decimals="-5">1882000000.00</in-capmkt:IncomeFormInvestments>
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<in-capmkt:IncomeFormInvestments contextRef="HealthGroupContextOneD" unitRef="INR" decimals="-5">117500000.00</in-capmkt:IncomeFormInvestments>
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<in-capmkt:IncomeFormInvestments contextRef="HealthRetailContextFourD" unitRef="INR" decimals="-5">5323400000.00</in-capmkt:IncomeFormInvestments>
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</xbrli:xbrl>