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

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.


Source: Economic Times