Star Well being launches UPI QR code cost choice for insurance coverage purchases. How does this work?

Star Well being and Allied Insurance coverage on Thursday introduced a major transfer in the direction of remodeling the insurance coverage cost panorama with the launch of its dynamic UPI QR code-based cost choice for coverage purchases and renewals. The custom-made resolution simplifies the shopper buy expertise with just a few clicks. Star Well being additionally launched customized UPI cost intent hyperlinks to boost buyer ease. This cutting-edge initiative, enabled by the Nationwide Funds Company of India (NPCI), represents a paradigm shift within the adoption of contemporary technology-driven cost options. 

“We’re delighted to introduce our dynamic QR code & intent link-based UPI cost choices. At Star Well being, we prioritize the protection and comfort of our prospects, and the adoption of custom-made UPI cost options displays our dedication to offering seamless, environment friendly, and safe cost experiences,” stated Anand Roy, MD & CEO of Star Well being & Allied Insurance coverage Co. Ltd.

“Embracing UPI funds aligns completely with the Authorities’s ‘Make in India’ imaginative and prescient and IRDAI’s transformative targets for the Insurance coverage sector,” added Chitti Babu, Chief Innovation Officer, Star Well being & Allied Insurance coverage Co. Ltd

“Unified Funds Interface (UPI) has gained important reputation as probably the most most popular modes of cost within the nation, owing to its comfort and large acceptability. We’re delighted that prospects of Star Well being and Allied Insurance coverage will now have swift entry to UPI-based cost choices for his or her insurance-related transactions,” stated Kunal Kalawatia, Chief of Merchandise, NPCI.

How can prospects make funds by way of UPI QR-based Funds?

-With a easy scan of the custom-made code, prospects could make funds inside just a few seconds, making certain a hassle-free, error-free, and environment friendly expertise.

-Upon clicking the hyperlink, the UPI app launches promptly, and in instances the place a number of UPI apps are current, prospects are prompted to decide on their most popular app. 

-The cost particulars, together with the premium quantity, are routinely loaded into the chosen app, and prospects can authenticate the cost utilizing their UPI PIN, culminating in a seamless buy expertise.




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Up to date: 14 Sep 2023, 01:04 PM IST


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