In a first-of-its-kind initiative in the PSU banking sector, Indian Bank and Practo have joined hands to empower the bank’s employees, both existing and former, and their family members with Practo’s signature corporate health and wellness plans during this pandemic. Indian Bank is one of India’s first financial institutions to adopt a digital-first approach in strengthening its employee initiatives amid the COVID-19 crisis, by opting for Practo’s round-the-clock healthcare services.
More than 74,000 present and retired staff members of the bank will benefit from these health plans that provide specialities convenient, affordable, and 24*7 access to high-quality care. From online consultations with verified doctors across 23+ specialties (including General Physician, Dermatology, Gastroenterology, Gynaecology, Pediatrics, and Psychiatry) and preventive health check-ups to meeting pharmaceutical needs and conducting general healthcare sessions, these health plans are specially crafted keeping in mind the demands of working professionals.
Shri Shenoy Vishwanath V, ED HRM, Indian Bank said, “Employees are our most invaluable resources who are at the centre of our business, driving our vision of delivering excellence in financial services and acting as our brand ambassadors. Amidst this pandemic, it is our duty to stand by our employees, both serving and retired, and their family members, and ensure they have access to quality healthcare from the comfort of their homes. We are looking forward to strengthening our employee welfare measures by opting for this first-of-its-kind initiative, Practo’s round-the-clock healthcare services.
Siddhartha Nihalani, VP - Product Growth, Practo, said, “Instant access to speciality care from anywhere in the country is the future of healthcare in India. And this partnership with Indian Bank further amplifies Practo’s vision to make quality healthcare affordable for a billion+ citizens. We are happy to associate with an Indian bank, as it will help provide timely medical assistance to 2L+ employees and their family members. During the COVID-19 outbreak, a number of organizations opted for Practo’s corporate health and wellness plans, making them an integral part of employee benefits. Supported by a team of more than one lakh doctors, Practo is committed to increasing medical access for more Indians.”
This partnership underpins the government’s vision to take the country and its people towards a digital future that fosters greater connectivity and a more efficient healthcare system. By enabling an omnichannel approach to delivering care, more people can be taken into the fold of quality advanced medical care. To successfully drive this initiative and help ensure optimal outcomes, Practo will be closely working with Indian Bank and its support through different stages - from onboarding to sharing utilization insights.
About Indian Bank:
Established The government in 1907, Indian Bank is a premier Public Sector Bank with a dominant Pan-India presence. Government of India owns 88.06% of the shareholding. It is the First Public Sector Bank to install ATM at Harbour, Madras in 1989. The Bank has a vast branch network with 6004 branches, 5428 ATMs & BNAs, 9095 BCs, overseas branches in Colombo and Singapore in addition to over 225 overseas correspondent banks.
The government of India had announced the Amalgamation of Allahabad Bank – a bank with 155 years legacy – into Indian Bank in 2019. Indian Bank commenced its operation as an amalgamated entity from 1st April 2020. The integration of CBS systems of both the Banks was completed on 14th February 2021. Indian Bank has constantly thrived to adopt the latest technology and modify its techniques.
Apart from various initiatives undertaken by Indian Bank, one of the out-of-the-box initiatives was the launch of MSME Prerana – an Online Business Mentoring Programme for MSME entrepreneurs launched by Smt. Nirmala Sitharaman, Minister of Finance, Govt. of India on 6th October 2020. It is a Pan-India Programme in vernacular languages (in all states / UTs), presently running in UP and Tamil Nadu. To strengthen this initiative, Indian Bank also launched Ind SpringBoard, financing for Startups and entered into MOU with IIT Madras - Incubation Cell, IISc Bangalore and M/s. The Chennai Angels for identifying the eligible Startups for bank finance.
Over the years, Indian Bank has set new benchmarks in providing efficient banking services to its different client groups and has also emerged as a front–runner in delivering excellent customer service.
Practo, the country’s leading integrated healthcare company, connects the entire health ecosystem together – patients, doctors, clinics, hospitals, pharmacy, diagnostics, and other partners, to generate exceptional value and service for all, especially the end consumers. It integrates different parts of the patients’ healthcare journey so they can have one seamless experience, right from finding and booking an appointment with verified doctors, consulting verified doctors online with ETA as low as 60 seconds, getting medicine and lab tests at the doorstep, and accessing insightful health articles authored by verified doctors. Practo also makes software products that help healthcare providers ranging from small clinics to large hospitals digitize and deliver more efficient and higher quality healthcare to millions of patients around the world.
As technology becomes an integral part of healthcare, Practo has also become an essential enabler in helping doctors understand the nuances of managing and securely storing all health data. Practo encrypts all data with 256-bit encryption, uses HIPAA compliant data centres, and is one of the few healthcare companies to be ISO 27001 certified. Practo is present in 20 countries, helps 18 crore+ patients a year and connects patients with 1 lakh+ verified doctor partners.