Star Health zooms on partnering with CSC to make health insurance accessible in rural India

Star Health and Allied Insurance Company is currently trading at Rs. 570.80, up by 18.40 points or 3.33% from its previous closing of Rs. 552.40 on the BSE.

Star Health
Star Health

The scrip opened at Rs. 555.00 and has touched a high and low of Rs. 573.60 and Rs. 555.00 respectively. So far 67892 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 940.00 on 10-Dec-2021 and a 52 week low of Rs. 469.05 on 01-Jul-2022.

Last one week high and low of the scrip stood at Rs. 573.60 and Rs. 473.00 respectively. The current market cap of the company is Rs. 32878.04 crore.

The promoters holding in the company stood at 58.90%, while Institutions and Non-Institutions held 37.08% and 4.02% respectively.

Star Health and Allied Insurance and Common Services Centers (CSC), under Ministry of Electronics & Information Technology, have partnered to provide over 5 lakh CSCs access to a select range of Star Health insurance products, specially designed to meet the needs of rural customers, across tier-II, tier-III cities and rural markets pan India.

The CSCs will provide a host of special features to the rural customers, including a large bouquet of e-services though a single delivery platform, localized help-desk support, and sustainability of VLEs through a maximum commission sharing model of operation.

A self-sustaining network of over 5 lakh CSCs in Gram Panchayats that are managed by Village Level Entrepreneurs (VLEs) will enable easy access to health insurance products at the last mile. Through its network, CSC will offer a series of beneficial products for the rural markets like Family Health Optima Insurance Plan, Accidental Care Individual Policy, Star Micro Rural and Farmers Care, and other such products to meet the health insurance needs in these regions.

The company is providing sterling services in health, personal accident and overseas travel insurance etc.

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