Photo caption: (L-R): Bank of India MD & CEO Melwyn Rego, Star Health & Allied Insurance Co. Ltd Executive Director Dr. S. Prakash, Bank of India General Manager R. C. Baliarsingh and Executive Director R.P.Marathe during the signing of a MOU between Bank of India and Star Health & Allied Insurance Co. Ltd at Bank of India Head Office,Mumbai under the new IRDAI (Registration of Corporate Agents) Regulations 2015.
* Star Health Insurance ties up with Bank of India to offer Health Insurance products
* Star Health and Allied Insurance enters into Corporate Agency agreement with Bank of India
* Star Health and Allied Insurance products will now be available at all Bank of India branches
Mumbai, June 14, 2016: Star Health Insurance and Bank of India entered into a Corporate Agency agreement to market Star Health products across the Bank’s branches in the entire country. This tie-up will enable Star Health to leverage Bank of India’s network of all branches and huge customer base across the country.
Dr.S. Prakash, Senior Executive Director, Star Health and Allied Insurance, said, “We, at Star Health, constantly attempt to make our products and services easily accessible to customers, while trying to address the issue of low health insurance penetration in the country. The bank assurance channel has the potential to reach out to untapped sections of the market, which is the need of the hour. With the alignment of our brands, people and processes, we hope to create huge value for all our customers on a long term basis.”
Star Health has completed a premium of Rs 2,007 crore in the last financial year ‘15 – ‘16 and has maintained the top position among all the standalone health insurers & private health insurers.
