Wednesday, July 2, 2014

Andhra Bank Launches 'AB Arogyadaan'-An Improved Health Insurance Scheme

Andhra Bank, a public sector lender, in association with state-run general insurer United India Insurance Company Ltd, has launched an improved health insurance scheme named 'AB Arogyadaan' to take care of health and wealth of the entire family of account holders, sources.

The new plan entails lesser premium rates for a maximum coverage of medical expenses up to Rs. 20 lac, said Andhra Bank Deputy General Manager Mr. D. Surendra Rao.

AB Arogyadaan is a Floater Health Insurance scheme with options of Plan I and Plan II. Under Plan I, family of four members, including spouse and two dependent children of prime Account Holder would be covered. Whereas, a family of six members would be covered under Plan II.

The minimum age to enter into the policy is 3 months, and the maximum is 65 years. The can be renewed lifelong.

Premium paid under this policy would be eligible for tax deduction under Section 80D of the Income Tax Act.


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