Federal Bank joins hands with Oriental Insurance Company Ltd
Posted on: 17/Oct/2011 6:53:08 AM - No. of views : (2169)
Federal Bank, the Kerala based private bank announces its tie up with the Oriental Insurance Company Ltd to launch the �Fed Oriental Pravasi Insurance policy�. This scheme comes with a wide range of benefits and provides its NRI customers cover for not just the normal hospital expenses but also unforeseen eventualities such as repatriation, accidents etc.
Fed Oriental Pravasi Insurance policy provides its NRI customers a host of covers which include Repatriation Cover, Legal/litigation cover, Hospitalization cover, Personal accident cover, Medical floater cover for family as well as maternity benefit
Speaking on this occasion, Mr. Shyam Srinivasan, MD and CEO, Federal Bank said, �We look forward to this fruitful association. This amalgamation will help us significantly to achieve our growth objectives and also provide our existing clientele with better investment alternatives. This is an exciting step and will enable us to make the most of the strategic opportunities offered by a dynamic and evolving market.�
Fed Oriental Pravasi Insurance Policy offers its NRI customers unique features which are highlighted below:-
� All new SB NRE customers of the bank possessing a minimum balance of just Rs 5000/- onwards are eligible for the scheme
� Provision of cashless treatment facility over in over 3000+ hospitals pan India
� Premium for the first year will be borne by Federal Bank
� The documentation procedure itself its highly convenient wherein the NRI customer can submit a simple proposal form with blanket insurance formalities along with the NRE � account opening form
� The emigrant customer can go to any of the listed hospitals along with Pravasi Insurance card , Federal bank A/c No and passport for availing the facility
� The medical floater cover for family is available in the event of death or disability of insured
Commenting on this occasion, Mr K.T Joshy Sr Divisional Manager Oriental Insurance Company says, �We are delighted with this alliance. Federal Bank�s strong foothold in the Indian and overseas market will help us strengthen our existing presence, propel our business forward by acquiring more clients.�
