Jharkhand State Cooperative Bank Limited (JSCBL) has forayed into health insurance business for account holders of cooperative bank. The bank plans to sell insurance policy through its 105 branches spread across the State.

The Bank has joined hand with health insurance giant Religare Healthcare Insurance Company (RHIC) to sell its schemes in the State. The bank and RHIC has launched ‘Grameen Care’ with policy amount of Rs 50,000 to Rs 5, 00,000 with premium of Rs. 1800 to Rs.8172.

JSCBL president Abhaykant Prasad along with JSCBL, Managing Director, Sushil Kumar and RHIC Director, Chandrakant Mishra along with RHIC Business Head, Jharkhand, Sushil Kumar jointly unveiled the insurance policies here on Monday.

The Bank had signed Memorandum of Understanding (MOU) with RHIC in last month of the year. RHIC has signed MoU with around 2000 hospitals.

Addressing the gathering on the occasion JSCBL president, Abhaykant Prasad said that this is going to add a new feather in the cap of cooperative movement in the State. “The bank will sell the products with its 105 branches spread across the State. All the customers and the related persons with the bank will be covered under the healthcare policies in very low cost and it will reach remote areas of the State,” he added.

Speaking on the occasion RHIC, Director, Chandrakant Mishra said that health insurance policy is very useful tool at the present time and everybody needs it. “The company is working in the field since last six years and through this new joint venture it will try to reach every corner of the State,” he added.

On the occasion the bank has given detailed information about its new venture.