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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • The economic survey falls in step with the BJP’s election manifesto

    It’s always tough to find something wrong with the annual economic survey as it only articulates the government’s desire to set its house in order

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Arun Nigavekar

Why higher education needs innovation

India is such a great country that it creates complexity ...

Zehra Naqvi

We must overcome the fear of death

It is the biggest irony that the only thing that’s ...

Dharmendra Khandal

Jawai leopards and locals can coexist peacefully

At first glance, the Jawai landscape seems like a large ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture