Federal Bank entered into a tie up with Max Bupa in a bancassurance corporate agency arrangement to provide comprehensive health insurance plans of Max Bupa to 24 million households of the bank's clients across 1163 branches of the bank pan India.
 
Surendran A, head, retail and international banking, Federal Bank said, "We are delighted to enter into an arrangement with Max Bupa offering innovative health insurance solutions that would add value to the lives of our customers. Improving the quality of life of our clients has been our constant pursuit."
 
Shares of the bank gained Rs 1.55, or 1.66%, to trade at Rs 94.95. The total volume of shares traded was 38,641 at the BSE (11.41 a.m., Wednesday).