Star Health Insurance Settles Rs 3,330 Crore in Claims in AP, Telangana
By : DC Correspondent
Update: 2024-11-28 09:58 GMT
Hyderabad: Star Health Insurance, India’s largest standalone retail health insurance company, has solidified its position in Andhra Pradesh & Telangana with close to 100 branches, a strong network of over 76,000 agents covering over 8.17 lakh lives and more than 1350 employees. The Company has impressively paid out over ₹3330 crore in claims in the last 5 years in AP & TG, demonstrating its mission of delivering comprehensive and accessible healthcare solutions to its diverse population. The Company targets to double business in the next 4 years in the state of AP & TG.
Commenting on Star Health’s continued focus in Andhra Pradesh & Telangana, Mr. Sanath Kumar, Executive President of Star Health Insurance, said, “The States of Andhra Pradesh & Telangana are both critical to our business operations at Star Health Insurance. Its diverse population and advanced healthcare ecosystem provide an ideal platform for us to deliver comprehensive insurance solutions. We have adopted the state of AP to drive insurance penetration and awareness, which has resulted in deeper penetration in the last 1 year at the gram panchayat level. We introduced innovative solutions including the Home Healthcare Service, a Braille policy for visually impaired individuals, free telemedicine, and a comprehensive vaccination campaign. These initiatives reflect Star Health's commitment to flexible, inclusive insurance solutions tailored to Andhra Pradesh & Telangana’s diverse healthcare needs.”
Star Health Insurance’s commitment to the states of AP&TG is also reflected in the ₹920 crore worth of claims paid in FY24 and ₹ 3330 crore settled claims in the last five years. Since its inception, Star Health Insurance has paid out over 1.1 crore claims, amounting to a total of ₹ 52,000 crore. The company processes ₹ 25 crore worth of claims daily, approving 4 claims every minute.
Adopted State of AP
In line with IRDAI’s mission of ‘Insurance for All’ Star Health Insurance has adopted the state of Andhra Pradesh for the penetration and awareness of insurance. The state insurance awareness drive has so far covered a total of 4035 Gram Panchayats, touching thousands of lives interms of insurance awarenessand organised multiple health camps. The Company has recently launched CSR initiative “Star Arogya Digi Seva” will build abridge between the healthcare gaps in rural India by combining telemedicine with Mobile Health Units to offer doorstep healthcare services and is targeting at 2 aspirational districts of Andhra Pradesh i.e. Visakhapatnam andVizianagaram. The program will focus on non-communicable diseases, drive awareness of diabetes, hypertension management and iron nutrition awareness.
Star Health Insurance launched its Home Healthcare Service in AP & TG, currently available in Hyderabad, Secunderabad, Vijayawada, Visakhapatnam, Guntur, Kakinada, Tirupati and Nellore. This service allows customers to access affordable, high-quality healthcare from the comfort of their homes, ensuring seamless claims.
Star Health Insurance has many innovative products and services, namely the "Special Care Gold" policy in Braille, designed specifically for individuals with 40% or more disability, ensuring that visually impaired individuals can independently access vital information about their health insurance. The Free telemedicine, preventive health care and wellness programs will address the overall wellbeing of customers and lead to a healthier Bharat.
As Star Health continues to grow its footprint in the state, the company remains committed to delivering innovative, inclusive, and community-centric healthcare solutions that transform the lives of millions across Andhra Pradesh & Telangana.