Federal Bank Offers Health Insurance Cover for its Savings Account Customers

Federal Bank in association with Max Bupa announced an exclusive Health Cover offer of Rs 1.00 Lakh for all new Savings Bank account opened from April 16, 2015  for a premium of Rs 1000/- per account. The cover provides for Inpatient treatment, all day care procedures upto the sum assured.

Speaking on the occasion, Mr. Babu K A, Head –Retail Business said: “Health insurance has emerged as the most essential requirement as it covers those unpredictable moments in life. We are delighted to launch this unique offering in association with Max Bupa for our new SB customers. The offering is best in the industry in terms of features and pricing. The premium for 1.00 Lakh (Rupees One lakh only) health cover is less than Rs 3 per day. It has always been our endeavor to provide the best product and services. This unique offer exhibits our commitment and concern on the health of our customers as well as wealth”.

About Federal Bank:
Federal Bank is a leading Private Sector Bank with a branch network of 1247 branches and 1,485 ATMs spread across the country. The Bank’s total business mix (deposits + advances) stands at Rs 1.03  Lakh  Crore as at March 31, 2014and it has earned a net profit of Rs 838.89 Crore.  Its Capital to Risk weighted Ratio (CRAR) stood at 15.14% at the end of March 31.  Federal Bank has its Representative Office at Abu Dhabi that serves as a nerve centre for NRI customers in the UAE. Federal Bank is transforming itself, keeping its principles intact, into an organization that offers services beyond par. It has a well defined vision for the future as a guidepost to its progress.