Star Health Insurance Partners with Himachal Pradesh State Cooperative Bank to Enhance Health Insurance Penetration in the State

Star Health and Allied Insurance Company Limited (Star Health Insurance), India’s largest retail health insurance company, today announced a strategic corporate agency agreement with Himachal Pradesh State Cooperative Bank (HPSCB), the leading bank of Himachal Pradesh. Through this partnership, Star Health Insurance aims to enhance access to health insurance across the region, particularly in rural areas where the bank holds a significant presence.
 
Anand Roy, MD & CEO, Star Health Insurance said, “Our partnership with Himachal Pradesh State Cooperative Bank showcases our commitment to enhance insurance penetration in rural regions. We look forward to strengthen our reach and distribution across Himachal Pradesh. Together, we would enhance financial inclusion in the region by ensuring quality health insurance is accessible to rural Bharat. 94% of the Cooperative banks reach lies in rural India and thus through this partnership we aim to provide every corner of Bharat with our innovative and customer-centric health insurance products."

Commenting on the partnership Sharwan Manta, Managing Director, HP State Cooperative Bank said, “One of the primary advantages of partnering with Star Health Insurance for customers is convenience. Through this partnership we can offer health insurance products alongside our existing banking services. This means that our customers can access a wide range of insurance options within the familiar environment of their bank. The extensive hospital network of over 14,000 hospitals and one of the largest agent networks in the country that Star has will help customers access healthcare in the remote areas of HP.”