Star Health and Allied Insurance rises on signing corporate agency agreement with IDFC FIRST Bank

Star Health and Allied Insurance is currently trading at Rs. 515.75, up by 0.95 points or 0.18% from its previous closing of Rs. 514.80 on the BSE.

Star Health
Star Health

The scrip opened at Rs. 521.00 and has touched a high and low of Rs. 528.95 and Rs. 507.65 respectively. So far 14620 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. 507.65 on 28-Jun-2022.

Last one week high and low of the scrip stood at Rs. 611.70 and Rs. 507.65 respectively. The current market cap of the company is Rs. 29876.55 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 has signed a Corporate Agency agreement with IDFC FIRST Bank, for distribution of its health insurance solutions.

Under this strategic agreement, Star Health and Allied Insurance will offer its best in class health insurance products to the Bank’s customers using IDFC FIRST Bank’s state of the art digital platform and its wide distribution network.

IDFC FIRST Bank has a digital first approach and serves customers through its state-of-the-art net banking platform and an intuitive, user-friendly award winning mobile app, which complement its nationwide branches, ATMS and loan centres.

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

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