Star Health, a prominent health insurance company based in India, has announced plans to broaden its services to cater to Non-Resident Indians (NRIs). The extension comes as part of a larger strategy to extend its customer base, reaching out to the extensive Indian diaspora around the world.
Several new insurance schemes, tailored to the needs of non-resident Indians, will be launched. This initiative is designed to ensure their health interests are covered, recognizing their location is no barrier to the need for high-quality healthcare.
The expansion is led by the introduction of a new scheme known as the Gupta International Financial Trust (GIFT), scheduled to launch on March 19, 2024. GIFT aims to revolutionize the company’s operations with a blend of growth-focused financial solutions, set to attract a wider customer base.
Seeking to tap into the potential market within the NRI segment, the company is optimistic about providing extensive health insurance solutions to those currently lacking comprehensive healthcare coverage. Star Health has strategic campaigns in the works to raise awareness about their specialized policies for NRIs, to meet the distinct needs of the Indian diaspora living overseas.
The firm’s GIFT initiative is developed to foster financial stability among the global Indian population. It aims to integrate with the healthcare systems of NRI-host countries, creating a significant safety net for this unique community. Collaboration with healthcare systems in these countries is a fundamental part of their strategy.
Apart from its NRI-focused approach, strategic investment is high on Star Health’s agenda. The company anticipates that investments in small-cap stocks and diversifying into real estate and commodities may yield significant profits. By proactively evaluating each investment, it aims to safeguard its long-term growth.
In its drive towards personal finance empowerment, Star Health encourages investors to utilize financial calculators for insights into their investments. Moreover, it stresses the benefits of systematic investment plans (SIPs), public provident funds (PPF), fixed deposits (FD), national pension schemes (NPS), and mutual funds. The company plans to launch webinars and guides for an in-depth understanding of these platforms, fostering smarter investing habits.
In summary, Star Health’s broadened service approach stands as a testament to their commitment to serving the Indian diaspora, offering comprehensive health coverage solutions and encouraging wise investment practices.
