The collaboration shows Star Health’s commitment to customer service and its reputation of success, it said. With 100 branches in 42 cities, Standard Chartered Bank will serve as a one-stop destination for customers seeking comprehensive health insurance coverage.
The alliance will expand Star Health’s distribution network. As of June 2023, the company had more than 640,000 agents and 38 bancassurance partners for offering insurance products to bank customers.
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“By collaborating with Standard Chartered, a reputed international bank with a strong presence in key Indian markets, we not only expand the reach of insurance in these areas but also deliver top-tier services that align with the distinct needs of India’s affluent clientele,” said Roy.
“Health and protection are key needs today for clients managing their wealth, with Standard Chartered’s ‘Wealth Expectancy Report’ for 2022 revealing that over 54 per cent of respondents in India have prioritised health and wellness post the pandemic. We are pleased to partner with Star Health and bring their products and services to address the evolving health needs of our clients,” said Saurabh Jain, managing director and head, Wealth Management India, Standard Chartered Bank.