The Federal Bank and Star Health Insurance join forces for bancassurance

The Federal Bank has partnered with India’s leading independent health insurance company Star Health and Allied Insurance Co Ltd as a corporate agent to provide a wide range of innovative health insurance products to the 8.90 million customers of the Bank in 1,291 points of sale across the country.

Bank clients can enjoy the benefits of Star Health retail products and group affinity products through the Bank’s various distribution channels, helping clients meet all of their financial needs under one. roof.

Commenting on the new merger, Ms. Shalini Warrier, Executive Director and Business Leader – Retail, Federal Bank, said: “We are delighted to partner with Star Health Insurance, a leading player in health insurance. autonomous. in India. This is a significant milestone for Star Health and Federal Bank. Through this partnership, we will be able to offer our customers a wide range of affordable health insurance products. We look forward to the alliance with Star Health Insurance ”.

“At Star Health, we believe health insurance is essential for every citizen. Our strategic partnership with the Federal Bank will help us reach their customers and protect them against rising health care costs. It is a great joy for us to announce this. with Federal Bank, one of the leading private sector commercial banks and we look forward to a long term and mutually beneficial partnership, ”said Mr. Anand Roy, Managing Director of Star Health and Allied Insurance Co Ltd. .

Federal Bank Limited shares were last trading in the BSE at Rs. 90.80 from the previous close of Rs. 90.40. The total number of shares traded during the day was 667,853 in over 4,056 trades.

The action hit an intraday high of Rs. 91.40 and an intraday low of 90.10. The net turnover during the day was Rs. 60542272.00.