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Canara Bank offers diabetes health cover

Canara Bank, in collaboration with Apollo Munich Health Insurance has introduced a health insurance plan to help improve lives of people affected with diabetes across the country. It is estimated that diabetic people deal with 2.3 times higher medical expenditure compared to people without this condition. A WHO (World Health Organization) report shows that a low-income Indian family spends nearly 25% of its earnings to take care of a diabetic patient. The Energy Health Insurance Plan will offer customers of Canara Bank pre-policy check-up, wellness tests and treatments at Apollo Munich’s hospitals and clinics in any part of the country. Antony Jacob, CEO, Apollo Munich Health Insurance said the company is able to offer a first-of-its-kind solution to the millions suffering from diabetes in India and the insurance and wellness ecosystem the company has built will help those with diabetes control it much better, and lead a ‘close-to-normal’ lifestyle. Though the insurance product has been available from the end of 2013, it’s only this week that Canara Bank made it available for its customers. Apollo Munich is a joint venture of Apollo group of hospitals in India and the Germany-based Munich Health. The health insurance company offers cashless hospitalisation in nearly 4,500 hospitals in 800 Indian cities.

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