Federal bank partners Star health insurance for Bancassurance
December 13, 2021
Federal Bank has joined hands with India’s first standalone health insurance company, Star health and Allied Insurance Co Ltd as a corporate agent to provide a wide range of innovative health insurance products for the Bank’s 8.90mn customers spread over 1291 bank branches across the nation.
The Bank’s customer can avail benefits of star health’s retail products and group affinity products through the Bank’s various distribution channels thus helping customer address their complete financial needs under one roof.
Commenting on the new partnership, Ms. Shalini Warrier, Executive Director & Business Head Retail, Federal Bank, said, “We are delighted to collaborate with Star Health Insurance, one of the market leaders in the standalone health insurance industry in the country. This is significant milestone for both Star health and Federal Bank. Through this collaboration, we will be in a position to offer our clients a vast range of affordable health insurance products. We look forward to partner with Star Health Insurance”.
Mr. Anand Roy, MD, Star Health & Allied Insurance co. ltd. said, “We at Star Health believe that health insurance is essential for every citizen. Our strategic partnership with Federal Bank will assist us to reach out to their customers and enable them to safeguard themselves from rising healthcare costs. It brings us great joy in announcing this partnership with Federal Bank, one of the prominent commercial banks in the private sector & we look forward to a long term, mutually beneficial partnership.