Categories: Agreements

Star Health and IDFC FIRST Bank joined together to offer Bancassurance

For the distribution of its health insurance options, the insurer and IDFC FIRST Bank have inked a corporate agency agreement. In accordance with this strategic partnership, Star Health and Allied Insurance Company will use IDFC FIRST Bank‘s cutting-edge digital platform and extensive distribution network to offer its best-in-class health insurance products to the Bank’s customers.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

KEY POINTS:

  • With a focus on going digital, IDFC FIRST Bank provides customer service through its mobile app and net banking platform, which supplement its network of branches, ATMs, and lending centres.
  • As the first independent health insurance provider in India, Star Health and Allied Insurance Company began doing business in 2006. It specialises in health, personal accident, and international travel insurance.
  • On June 27, 2022, shares of Star Health dropped 3.49 percent to Rs 514.80.

Important Takeaways for All Competitive Exams:

  • MD and CEO of IDFC FIRST Bank: V. Vaidyanathan
  • MD of Star Health: Prakash Subbarayan

Find More News Related to Agreements

Madhavi Gaur

Recent Posts

Indian Navy Conducts Largest Coastal Defence Exercise, ‘Sea Vigil-24’

The Indian Navy will conduct the fourth edition of its nationwide coastal defence exercise, Sea…

17 mins ago

India International Trade Fair 2024 Returns to Pragati Maidan

The 43rd India International Trade Fair (IITF) is back at Pragati Maidan, Delhi, from November…

23 mins ago

GK Quiz on Pandit Jawaharlal Nehru, Questions and Answers

Jawaharlal Nehru was India's first Prime Minister and an important leader in the country's fight…

34 mins ago

RBI’s New Framework for Converting FPI Holdings to FDI

The Reserve Bank of India (RBI) has introduced a new framework that allows Foreign Portfolio…

44 mins ago

Swami Vivekananda Vidya Mandir Opens in Silvassa, Inaugurated by President

President Droupadi Murmu inaugurated the Swami Vivekananda Vidya Mandir school at Zanda Chowk in Silvassa…

46 mins ago

Professional Golf Tour of India Welcomes Amandeep Johl as CEO

The Professional Golf Tour of India (PGTI) announced that Amandeep Johl will take over as…

54 mins ago