Federal Bank has brought a distinct insurance product for its new NRI customers by the name of “Fed Oriental Pravasi Insurance”, in association with Oriental Insurance Company.
The insurance scheme is customized to primarily cover hospitalization expenses of NRI customers. It provides cash-less treatment facility at more than 3000 hospitals all across India and covers unexpected contingencies like accidents and repatriation.
The scheme is applicable to all new NRI customers having a minimum balance of Rs. 5000 in their account. Medical cover of Rs. 10 lakh is available for whole family in the event of death or disability of the insured person. The policy also provides an economy class airfare for a dependent in case of an accident or airlifting along with the patient.
Treatment abroad in accredited hospitals for an amount up to Rs. 75000 per year is also covered under the scheme.
Federal Bank is listed on BSE, London Stock Exchange and NSE. It is one of the leading private sector banks in India. It is the 4th largest bank in India in terms of capital base.
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