Mahila Bank ties up with New India; launch 3 health schemes

Tags: Mahila Bank, News
Bharatiya Mahila Bank (BMB), the first all-women bank, today tied with New India Assurance to launch health insurance products for women account holders of the bank.

These policies, BMB Sakhee, BMB-Nirbhaya and BMB-Parivar Suraksha provide customised package of health insurance policies from New India assurance, its chairperson Usha Ananthasubramanian said here.

While Sakhee Policy aimed at rural women, offers covers up to Rs 50,000, the Nirbhaya schemes offers cover limit up to Rs 5 lakh.

At the same time, Parivar Suraksha offers family floater facilities, she said.

These products would be available on portals for the bank, to create more efficiencies and ease of use, she added.

The bank, a pioneering initiative to empower women, was launched in November last year with a corpus of Rs 1,000 crore to function as a universal bank.

Coinciding with the 96th birthday of late Indira Gandhi, Prime Minister Manmohan Singh inaugurated the first of seven branches of the bank in the presence of UPA Chairperson Sonia Gandhi in Mumbai on November 19, 2013.

The idea of an exclusive lender for women was mooted at the Jaipur Congress plenary 2012.

EDITORIAL OF THE DAY

  • Government must wake up to the woes of electricity generators

    India is not staring at a power crisis yet, but an estimated 46,000 mw of power capacities are at risk today.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Nigavekar

Moocs will not replace traditional education

I am revisiting the topic of massive open online course ...

Zehra Naqvi

Minimalism: declutter your life

When you imagine an ideal place to live, you think ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture