Star Health Insurance ties up with Shivalik Co-operative Bank

Star Health Insurance today tied up with Shivalik Mercantile Co-operative Bank for health insurance product distribution through the bank's branches.

This is the first ever bancassurance tie-up of the insurer and this partnership will provide access to a customer base of 21 lakh, Star Health Insurance Senior Vice President Anand Roy told reporters here.

The tie-up will help the insurer cater to western Uttar Pradesh market and also promote insurance penetration in the region.

The standalone health insurer recorded 34 per cent growth in gross written premium at Rs 1,472 crore for fiscal ended March, 2015 as against Rs 1,093 crore in the previous fiscal.
 

Star Health is a joint venture between Oman Insurance Company of UAE and leading NRIs and Indian business houses.