IndiaFirst Life Insurance and Star Health Insurance join hands to offer combi plans

Mumbai, June 29, 2016: IndiaFirst Life Insurance, a joint venture between Bank of Baroda, Andhra Bank and Legal& General (UK), announced their collaboration with Star Health Insurance Ltd., to introduce Star First Combi Plans – combination of health and life insurance plans.

The StarFirst Combi Plansare a suite of five plans that provide unique combined benefits of health and life cover under a single offering.

Speaking on this occasion, RM Vishakha, MD & CEO, IndiaFirst Life Insurance said, “We are pleased to partner with Star Health Insurance, to offer integrated health and life insurance solutions. Together, we intend creating value for the customer – for a lifetime and beyond – through a single offering.”

“We are happy to have launched this unique combi plan that, in simple words ensures a happy tomorrow. If somebody falls sick, health takes care and if somebody goes to the hospital and something goes wrong, life cover takes care.” said V Jagannathan, Chairman and Managing Director of Star Health Insurance.

Rushabh Gandhi, Director, Sales & Marketing said, “The launch of StarFirst marks a milestone in the Indian insurance industry. Protecting your family from any uncertainties of life has seen a shift from being an option to a basic need. StarFirst Combi Plan offers a combination of Life and Health cover under a single roof. Now, one can ensure that no untoward event upsets the well- being of their loved ones, not only in their absence but also in their presence.”

Anand Roy, Joint Executive Director, Star Health Insurance said, “We are pleased to launch Star First product and join hands with IndiaFirst Life Insurance. Both these entities will leverage their respective distribution strengths to ensure full protection to the insured.”

Notes to Editor

StarFirstCombi Plans will be available in 5 variants – StarFirst Comprehensive, StarFirst Classic, StarFirst Care, StarFirst Delite and StarFirst Optima.

Key features of the product

· Life cover for the policyholder along with a health cover (for self as well as family).

· The sum assured ranges from INR 1 Lac to 15 lacs for Health cover and from 3 Lacs to 9 Lacs for Life cover.

· Covering 400+ day care procedures

· Benefit of automatic restoration of the Health sum insured up to 100% upon exhaustion of the basic sum insured and bonus.

· Bonus upto 100% of the sum insured following claim free year.

· Hospital Cash for each completed day at hospital.

· Dental / Ophthalmic cover on OPD basis.

· Cover for delivery and new born baby.

· In-built personal accident benefit equal to the health sum insured.

· Tax benefit under section 80 (D) and 80 (C) on the premiums.

Corporate Comm India (CCI Newswire)