The Federal Bank and Aditya Birla Health Insurance Co. Limited (ABHICL) entered into a Bancassurance Partnership. As a part of this alliance, Federal Bank will provide to its customer’s innovative health insurance solutions offered by ABHICL. Customers of Federal Bank will have facilities like Day 1 cover for asthma, high blood pressure, high cholesterol, diabetes, coaching on nutrition etc.
Customers will have access to ABHICL’s industry-first innovative solutions such as, Day 1 cover for asthma, high blood pressure, high cholesterol, diabetes; wellness coaching on nutrition and fitness; counselling on mental health; incentivized wellness benefits of up to 100% Health Returns TM (health premiums) and chronic management program, etc. Consumers can avail of benefits of various retail and group affinity products through the Bank’s various distribution channels.
Important takeaways for all competitive exams:
- Federal Bank Founded: 23 April 1931;
- Federal Bank Headquarters: Aluva, Kerala;
- Federal Bank MD & CEO: Shyam Srinivasan;
- Federal Bank Tagline: Your Perfect Banking Partner.