Chennai, March 18 (IANS) Standalone health insurer Star Health and Allied Insurance Company Ltd on Monday said it will offer non-resident Indian (NRI) focused insurance and also attract foreign inward reinsurance with its branch in the International Financial Services Centre, GIFT City, Gujarat from next fiscal.
The company said the GIFT City branch will start its operations by the end of this month.
“Star Health Insurance will also be able to attract foreign inward business as a reinsurer. The company will provide insurance for Indians going abroad and India’s growing international student community. The company plans to launch its international insurance product suite in a phased manner in FY25,” Star Health said in a statement on Monday.
The company said it has been granted registration by the IFSCA to establish an IFSC International Office (IIO) at Gujarat International Finance Tec-City (GIFT City).
“We are excited to mark another milestone in our journey towards qualitative growth. This is a pivotal step in our expansion strategy, extending our reach beyond Indian borders and providing seamless access to our health insurance offerings for Non-Resident Indians (NRIs) and the global Indian diaspora,” MD and CEO Anand Roy was quoted as saying in the statement.
–IANS
vj/vd
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
