Star Health and Allied Insurance and South Indian Bank announce Bancassurance tie-up.
South Indian Bank has joined hands with India’s leading standalone health insurance company, Star Health and Allied Insurance Co. Ltd., as a corporate agent to provide a slew of innovative health insurance products for the Bank’s more than 6.5 million customers spread over 923 branches across the country.
The Bank’s customers can avail benefits of Star Health’s retail insurance products and group affinity products through the Bank’s various distribution channels thus helping customers address their health insurance needs under one roof.
Commenting on the new tie-up, Mr. Murali Ramakrishnan, MD & CEO, South Indian Bank,said, “As South Indian Bank enters into 93 years of existence, partnering with Star Health is the continuing tradition of building trust with our customers. With Health Insurance getting paramount importance especially during the pandemic, South Indian Bank’s strong customer connect and Star Health Insurance products’ suite and expertise, will ensure that our customer is getting the best in class health insurance solutions on offer“.
“We, at Star Health, believe that health insurance is essential for every citizen. Our strategic tie-up with South Indian Bank will help us reach out to their customers and enable them to financially safeguard themselves from rising healthcare costs. It brings us great joy in announcing this tie-up with South Indian bank, one of the prominent banks in the southern region and we look forward to a long-term, mutually beneficial relationship,”said Mr. Anand Roy, Managing Director, Star Health and Allied Insurance Co. Ltd.