New India enters health insurance joint venture in Oman

Bank of Baroda and New India say the new scheme in Oman will introduce the concept of health insurance in India

Bank of Baroda (BoB) has joined forces with insurance firm New India Assurance company to launch a health insurance scheme in Oman. New India Assurance resident manager, J Ratnakumar and chief manager of Bank of Baroda, L Chandrasekaran signed the agreement in Muscat recently to launch the new deposit scheme, called Baroda Health Deposit. Mr Chandrasekaran said “It’s a moment of honour for Bank of Baroda. Bank of Baroda has been operating in Oman since 1976, and the new scheme, ‘Baroda Health Deposit’, we are sure, will benefit residents in Oman.”