Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Canara Bank launches Corona Kavach Policy

Posted On: 2020-08-01 22:02:27


Due to the quick spread of highly-infectious Novel Corona virus Covid-19, panic-stricken people are feeling insecure and scrambling to take a health insurance cover. The steep rise in Covid cases has resulted the IRDAI to compel insurers to offer short-term Covid-specific health plans that will cover hospitalization expenses related to the treatment of COVID-19.

Keeping in view of the aforesaid, Canara Bank, a leading financial institution today proudly announces as a part of social commitment to indemnify the unprecedented expenses of Common Man, the launch of Corona Kavach policy by the following Insurance companies who have tied up with the bank.

1. M/s New India Assurance Company ltd. (M/s NIA)
2. M/s Bajaj Allianz General Insurance Co. ltd. (M/s BAGIC)
3. HDFC ERGO Health Insurance Co. ltd (M/s HEHI)

With the objective of providing insurance cover for individuals for COVID-19 pandemic related to health expenses, the Bank in association with the tied-up insurance companies has launched the Corona Kavach Policies at a very competitive premium structure, starting with as low as INR. 300/- only.

The salient features of the policies are:

- It can be purchased on individual basis and family floater basis.
- The minimum sum insured is INR 5000 and maximum is INR 5 lakh.
- Minimum 24 hours hospitalization is required.
- Maximum period of insurance will be of 285 days or 9 and half month.
- Initial waiting period will be of 15 days from the date of issuance.
- No capping on room rent.
- Home care treatment as per insurer policy maximum up to 15 days.
- Treatment expenses for pre-hospitalization of 15 days and post- hospitalization of 30 days are covered.
- Ayush treatment is available upto 100 % of sum insured.
- Co-morbid conditions also covered.
- Optional hospital cash covered.

The Policy features of the products seen along with the premium structure make them to be the best in the peer group.

For more details, please visit Canara Bank website - www.canarabank.com or contact the nearest Canara Bank Branch.

Stay safe and stay healthy.

Shares of CANARA BANK was last trading in BSE at Rs.101.8 as compared to the previous close of Rs. 99.3. The total number of shares traded during the day was 1243286 in over 4076 trades.

The stock hit an intraday high of Rs. 102.45 and intraday low of 98.4. The net turnover during the day was Rs. 124437734.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

UFO Moviez India Limited raises stake in Cinestaan Digital Pvt Ltd to 27.73%

Glenmark to divest select Anti-Allergy brands to Dr Reddy's in Russia, Ukraine, Kazakhstan and Uzbekistan in anticipation of its 'Ryaltris' Launch

Indiabulls Housing Finance Ltd has further sold part of stake in OakNorth Holdings Ltd for Rs. 93 crore

Unichem Laboratories receives ANDA approval for Atenolol and Chlorthalidone Tablets

KDDL Limited increases stake in Ethos Ltd to 74.80%

Dr. Reddy's to acquire select Anti-Allergy brands from Glenmark in Russia, Ukraine, Kazakhstan and Uzbekistan

India Grid Trust to acquire 74% stake in Parbati Koldam Transmission Company Limited from Reliance Infrastructure Ltd

Gufic Biosciences Limited granted Tigecycline patent by Eurasian Patent Office

Infibeam Avenues Limited receives NCLT approval for Composite Scheme of Arrangement

Transformers and Rectifiers India Ltd bags order of Rs. 98 crores from GETCO

Gayatri Projects Ltd receives LOA for Rs. 395.98 crore project in UP

Capital Trade Links Limited launches new loan application - UrgentCash

Hon'ble Prime Minister of India, Shri Narendra Modiji's inspiring presence at the Zydus Biotech Park

IRDAI approves swap of Mitsui Sumitomo's Max Life stake with its listed parent Max Financial Services

SRF Limited commissions resin plant on Nov 27, 2020

Fire incident at ITI Limited's Rae Bareli plant

Vaibhav Global's UK Subsidiary, Shop TJC, Launches TJC PLUS, a Membership Program Offering Free & Fast Delivery

AstraZeneca signs MoU with Indian Diabetes Research Society (RSSDI) to empower 1 Crore Indian Diabetic patients by 2023

Kolte-Patil completes final tranche payment of Rs. 70 crore for buy-out of ICICI Venture's 50% stake in Life Republic Township Project in Pune

Mphasis Granted U.S. Patent for Its Autocode.AI, which automates software code development

Vi unveils a collaborative program to offer a range of customer benefits for Learning & Upskilling, Health & Wellness, and Business Help

Burger King India Limited IPO to open on Wednesday, December 2, 2020

Hero MotoCorp appoints Michael Clarke as COO

Vaibhav Global's US Subsidiary, Shop LC, Named 2020 Business Champion Award Recipient by Austin Chamber of Commerce for Supporting Schools

Garware Technical Fibres Limited board approves buyback of 3,17,391 shares at Rs. 2300 per share

Groundbreaking ceremony of India's first pressmud to compressed biogas plant in Karnataka

Manappuram Finance Limited to raise funds through borrowings

Ashok Leyland Renames Optare Group Ltd as 'Switch Mobility' - Unveils Global Electric Vehicle plans

OMDC receives approval for disposal of undisposed stock of minerals from Bhadrasahi Iron & Manganese Mine

RBL Bank flags off the 7th edition of 'UMEED 1000' Cyclothon

G E Shipping contracts to sell its two oldest Suezmax Crude Carriers 'Jag Lateef' & 'Jag Laadki'

Sinclairs Hotels announces launch of Sinclairs Gangtok the 8th property in the Sinclairs chain

BHEL establishes new record with India's highest-rated Auto Transformer

ABB launches new series of high-output motors in India

TVS Motor Company unveils A.R.I.V.E App for customers

JTL Infra Ltd updates on supplies and orders of G.I. Pipes under Jal Jeevan Mission

Union Bank of India raises Rs. 1000 crore through Basel III Compliant Tier II bonds

Hitachi ABB Power Grids teams up with Ashok Leyland in e-bus pilot at IIT Madras campus

SJVN Ltd announces financial closure for 1320 MW Buxar Thermal Power Project

Adani Transmission completes acquisition of Alipurduar Transmission for an enterprise value of around INR 1300 Cr

Talbros Automotive Components Limited enters into Technical Assistance Agreement with Japan based 'Sanwa Packing Industry Co. Ltd'

Kalpataru Power Transmission Limited completes stake sale in Alipurduar Transmission Limited

Lakshmi Vilas Bank has written down bonds aggregating to Rs. 318.20 crore

Ujjivan Small Finance Bank Limited gets nod for shifting registered office to Bengaluru

CoSara Diagnostics Private Limited receives permission from CDSCO to manufacture COVID-19 test with two target genes

AU Small Finance Bank Limited makes equity investment in NPCI

MT Educare Limited announces financial results for the period ended June 30, 2020

NMDC bestowed with the National HR Best Practice Award by NIPM

Shri M V Iyer assumes charge as Director (Business Development), GAIL

SpiceJet launches dedicated cargo flights to Leh ensuring timely & seamless supply of essentials during winters



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019