Star Health Launches its First ‘All Women Branch’ in Chennai !
Star Health Launches its First ‘All Women Branch’ in Chennai !
Initiative aims to encourage women to invest in Health Insurance
India, 01 February 2024: India’s first standalone health insurance, Star Health and Allied Insurance Co. Ltd., today announced the opening of its ‘All Women’s Branch’ at Chennai. Located at No.1, New Tank Street, Valluvarkottam High Road, Nungambakkam, the branch nicknamed as Pink Branch, will be run by an all women staff catering exclusively to the health insurance needs of women. It strengthens the organization’s inherent values of diversity and inclusion.
Through this endeavor, the company not only aims to increase the participation of women in the insurance sector but also encourage more women to invest in protecting their health and wellness. The pink branch will see a dedicated staff of 10 women employees consists of a branch manager, 7 sales manager, 1 officer & 1 sub staff. The premises is designed for women and includes well-lit corridors, , and CCTV surveillance and security guards. The company has implemented the whistle blower policy for women safety and also provided comfortable working hours till 5:30 PM, enabling safe travel.
Commenting on the launch, Mr. Anand Roy, MD & CEO of Star Health and Allied Insurance Co. Ltd., said, “I am thrilled to launch yet another All Women Branch, and this time at our homeland, Chennai. This is South Indiasr first Pink Branch in the city and it is an endeavor to empower women here, making them key drivers for sustainable growth. Being an equal opportunity employer, we plan to further promote women leadership, tapping into the vast talent pool they have to offer.”
About Star Health Insurance:
Star Health and Allied Insurance Co Ltd (BSE:543412 | NSE:STARHEALTH) commenced its operations in 2006 as India’s first Standalone Health Insurance Company with business interests in Health, Personal Accident and Overseas Travel Insurance. The company uses its vast resources to focus on service excellence and product innovation to deliver the best to its customers. Star Health has been providing innovative health insurance products to individuals, families and corporates, directly and through various channels – agents, brokers, online and digital channels like web aggregators, fintech, etc. Star Health is also a prominent Bancassurance player with long standing relationship with various banks.
As of 31st March 2023, Star Health had 835 branch offices spread across 25 states and 5 union territories in India. The company had 14,203 network hospitals pan India. In FY23, Star Health had a gross written premium of Rs. 12,952 crore and a net worth of Rs. 5,430 crore.
Star Health and Allied Insurance Company Limited is listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
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