Illicium Verum commonly called star anise, which is indigenous to northeast Vietnam and Southwest China. Illicium verum is one of the vital ingredients of Chinese medicinal herbs. Principal component (Trans-anethol) exhibits antimicrobial activity such as antiviral, anti-bacterial, antifungal and antiparasitic activities. Cholesterol, a waxy or fat like substance which is found in each and every cell of our body. Cholesterol helps our metabolism work efficiently, but if our body has too much cholesterol in blood, it causes several harmful effects. Anti-cholesterol drugs are useful in reducing the blood cholesterol level. Ethanolic extract of Illicium verum was found to be rich in phytochemicals such as Alkaloids, terpenoids and steroids. The ethanolic extract of illicium verum exhibited a significant antioxidant potential (Ic50 = 300 µg/ml) and anti-cholesterol potential (Ic50 = 400 µg/ml) as compared to standard drugs.