Canara Bank and Apollo Munich Health Insurance Enter Into a Bancassurance Tie Up

Bangalore, October 07, 2013: Taking advantage of the recent IRDA regulations pertaining to health insurance, Canara Bank and Apollo Munich Health Insurance today announced that they are joining hands to provide health insurance to Canara Bank customers across the country. Under the arrangement, Canara Bank will act as a Corporate Agent for selling Apollo Munich Health Insurance products.

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Shri R.K. Dubey & Dr. Prathap C. Reddy

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On the occasion, Dr. Prathap C. Reddy, Chairman, The Apollo Hospitals Group and Apollo Munich Health Insurance, stated, �My dream is to make quality healthcare affordable to all Indians. Health insurance globally has been shown to be the best way to fund healthcare. I am delighted that Apollo Munich is joining hands with a reputed institution like Canara Bank. With Canara Bank�s broad network of branches, I am sure that we will be able to ensure that Indians all across the country will have access to health insurance, and thereby, quality healthcare.�

Shri R.K. Dubey, Chairman and Managing Director of Canara Bank, said �Our tie up with Apollo Munich Health Insurance will ensure that Canara Bank�s 100 year legacy of trust that our customers have placed in us, will be strengthened. The health of our customers is of vital importance to us and we strongly believe that health insurance is an essential product to hold in one�s portfolio. With Apollo Munich, we feel very confident that we will be able to provide our customers with the right products that suit all their present & future healthcare needs.�

Ms. Shobana Kamineni, Director, Apollo Munich Health Insurance, said that �Apollo Munich is committed to work with Canara Bank to ensure excellent training, product support and smooth operational processes, so that Canara Bank customer�s enjoy uncomplicated health insurance products and services.�

Mr. Antony Jacob, Chief Executive Officer, Apollo Munich Health Insurance, said, �We have created a suite of unique products for Canara Bank in partnership with them. We are confident that our products today, and in the future, will be appreciated by the Bank�s customers. We are eager to get started.�

For further information, please contact:

Komal Kakkar, Apollo Munich Health Insurance

Manisha Chettri, PR Pundit