Star Health Insurance Sets Benchmark with Over 100 NHCX Claim Transactions

Star Health and Allied Insurance has set new industry standards by processing over 100 claim transactions through the National Health Claims Exchange (NHCX) system. This milestone highlights the firm's commitment to efficient service and innovation in the health insurance sector, underlining its leadership in providing rapid claim settlements.

Star Health and Allied Insurance, India's largest retail health insurance company, has achieved a significant milestone by processing over 100 claim transactions through the National Health Claims Exchange (NHCX) system. This accomplishment showcases Star Health's dedication to efficient customer service and rapid claim settlement.

Mr. Anand Roy, MD and CEO of Star Health Insurance, emphasized that this milestone represents a transformative step in serving customers, setting a new standard in the health insurance industry. Roy noted that by embracing digital innovation, Star Health is not only streamlining processes but also reshaping the role of insurance in society. Customers can now enjoy unprecedented speed, transparency, and efficiency in claim settlements.

Star Health executed its first transaction on the NHCX platform in July 2024 and has since scaled up operations, handling over 10 claim transactions within the first two days and now surpassing 100. The NHCX platform, part of the Ayushman Bharat Digital Mission (ABDM), standardizes health claim processing and enhances information exchange between insurers, healthcare providers, and policyholders.

(With inputs from agencies.)