India-based commercial lender Karur Vysya Bank (KVB) has inked a bancassurance deal with Star Health and Allied Insurance.
As a part of this agreement, Star Health will offer its health insurance solutions to the bank’s customers.
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Customers of the bank will be able to digitally purchase health insurance plans offered by Star Health and Allied Insurance.
Moreover, the insurer will also provide customers access to value-added services like ‘Star Wellness’ and telehealth consultation via ‘Talk to Star’.
Commenting on the partnership, Star Health and Allied Insurance managing director Anand Roy said: “The Covid-19 pandemic has brought to the fore the need for a health insurance cover for all.
“We are happy to tie up with Karur Vysya Bank and offer a wide variety of need-based health insurance policies for the bank’s customers.”
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By GlobalDataFounded in 1916, the Tamil Nadu-headquartered bank has 780 branches across the country.
The bancassurance solutions will be available through all these branches.
KVB customers can also purchase the insurance solutions through IRDAI-certified and trained personnel appointed by the bank across its branch network.
Karur Vysya Bank president and COO J. Natarajan said: “Karur Vysya Bank is happy to partner with Star Health & Allied Insurance. As the first standalone health insurance company in India, they bring a lot of value with their products.
“We are sure that they will provide both cost-effective insurance products and quick settlement of claims to our customers.”
