Home   »   Banking Current Affairs 2023   »   Canara Bank Launches Healthcare Loans and...

Canara Bank Launches Healthcare Loans and Savings Accounts for Women

In a bid to bolster healthcare accessibility and financial empowerment for women, Canara Bank introduced two innovative financial products.

Canara Heal: Healthcare Loans

  • Aimed at covering hospitalization expenses and addressing shortfalls in healthcare insurance claims.
  • Designed to cater to the medical needs of individuals and their dependents.
  • Exchanged MoUs with MediAssist Healthcare Services Ltd and Bajaj Allianz General Insurance Company Ltd. to enhance healthcare affordability.

Canara Angel: Savings Account for Women

  • Tailored specifically for women with unique features such as Cancer Care policy.
  • Offers pre-approved personal loans and online loan against term deposit product.
  • Aims to empower women financially and provide them with comprehensive banking solutions.

Other Noteworthy Launches

  • Canara UPI 123PAY ASI: A user-friendly payment interface introduced to streamline transactions.
  • Canara HRMS Mobile App for Staff: An HR management solution for the bank’s employees to enhance operational efficiency.
  • Digital SHG Initiative – Canara SHG e-MONEY: Launched in collaboration with RBIH to offer seamless doorstep digital services to Self-Help Groups (SHGs), marking a significant milestone in financial inclusivity.

Canara Bank Launches Healthcare Loans and Savings Accounts for Women_4.1