Bank of Baroda branches to now offer Star Health and Allied Health Insurance products
* Star Health and Allied Insurance enters into Corporate Agency agreement with Bank of Baroda
* Star Health and Allied Insurance products will now be available at all Bank of Baroda branches
* Over 2000 trained and certified Specified Persons of BOB to be involved in marketing Star Health products
* Tie up to help Star Health reach Bank of Baroda’s 60 million customers across 5000 branches
Mumbai, May 7, 2016: Star Health Insurance and Bank of Baroda entered into a Corporate Agency agreement today to market Star Health products across the Bank’s branches, across the country. This tie-up is likely to help BOB customers avail the best health insurance cover and services from Star Health and Allied insurance.
Mr. V. Jagannathan, CMD, Star Health and Allied Insurance, said, “The alliance with Bank of Baroda is an important milestone for us. We, at Star Health constantly attempt to make our products and services easily accessible to customers across the country. We also believe that this new association with the Bank of Baroda will help us in achieving Rs. 3000 crore worth of premium that is higher than our target of Rs. 2750 crore for the year. We are optimistic that this Corporate Agency arrangement will be a success and an enduring one.”
Star Health has completed a premium of Rs 2,008 crore in the last financial year 15 – 16 and has maintained the top position among all the standalone health insurers and number two position in retail business next only to New India among all general insurers.
On this occasion, Mr. P.S. Jayakumar, Managing Director and CEO, Bank of Baroda said, “BOB has more than 5,000 branches and has a customer base of around 60 million. Bank of Baroda has more than 2000 trained and certified Specified Persons of BOB who will be involved in marketing Star Health products.”
Mr. Mayank K Mehta, Executive Director, BOB said that their Bank is taking advantage of the Corporate Agency model and entering into multiple contracts with Life, General and Standalone Health Insurance Companies and these arrangements should help in increasing the insurance penetration in the country, especially in semi urban and rural areas.
![Bank of Baroda branches to now offer Star Health Insurance products]()
