Star Health gains on partnering with PhonePe
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Star Health and Allied Insurance Company is currently trading at Rs. 563.65, up by 3.50 points or 0.62% from its previous closing of Rs. 560.15 on the BSE.
The scrip opened at Rs. 562.10 and has touched a high and low of Rs. 567.20 and Rs. 560.15 respectively. So far 11923 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 674.95 on 11-Sep-2023 and a 52 week low of Rs. 477.00 on 01-Mar-2024.
Last one week high and low of the scrip stood at Rs. 567.20 and Rs. 539.20 respectively. The current market cap of the company is Rs. 32966.22 crore.
The promoters holding in the company stood at 57.94%, while Institutions and Non-Institutions held 37.11% and 4.96% respectively.
Star Health and Allied Insurance Company (Star Health Insurance) has entered into a strategic partnership with PhonePe. Under the partnership, Star Health’s Comprehensive Health Insurance Policy will be available with a monthly and annual payment option exclusively on the PhonePe app, with coverage up to Rs 1 crore. This is a first-of-its-kind initiative in the industry.
The move empowers users to opt for quality health insurance coverage with convenient payment options, enabling access to quality healthcare across the country. Users can also opt to pay their premium with the UPI AutoPay mandate with a monthly EMI option and enjoy added convenience. With this, Star Health Insurance further expands the options available to customers. This move was driven by a critical insight that smaller monthly payments ease the financial burden for users while empowering and enabling them to opt for more extensive insurance coverage without stretching their finances.
Star Health and Allied Insurance Company is providing sterling services in health, personal accident and overseas travel insurance etc.
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