Mumbai: Kerala-based private lender Federal Bank has partnered with Oriental Insurance Company to launch a mediclaim policy for the NRI community, 'Fed Oriental Pravasi Insurance'.
The scheme will offer NRIs a cover for normal hospital expenses and unforeseen events such as repatriation and accidents. The policy also includes a legal/litigation cover, hospitalisation cover, personal accident cover and a medical floater cover for family members, besides maternity benefits.
"This amalgamation will help us achieve our growth objectives and also provide our existing clientele with better investment alternatives. This step will enable us to make the most of the strategic opportunities offered by a dynamic and evolving market," Federal Bank Managing Director and Chief Executive Shyam Srinivasan said in a statement.