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Federal Bank and Star Health Insurance tie-up for bancassurance

Sumit Arora Last updated on December 13th, 2021 10:00 am Leave a comment

Federal Bank has entered into a Bancassurance partnership with Star Health and Allied Insurance Co Ltd as a corporate agent to provide health insurance products for the Bank’s 8.90 million customers across India. The Bank’s customers can avail benefits of Star Health’s retail products and group affinity products through the bank’s various distribution channels which help the customers to address their complete financial needs under one roof.

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What is Bancassurance?

It is a partnership between a bank and an insurance company that would enable them to offer insurance products to the bank’s customers.

Important takeaways for all competitive exams:

Federal Bank Establishment: April 23, 1931;
Federal Bank Headquarters: Aluva, Kerala;
Federal Bank Managing Director & CEO: Shyam Srinivasan;
Federal Bank Tagline: Your Perfect Banking Partner.

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About the Author

Sumit Arora

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As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.