A model which includes a loan scheme to meet a shortfall of hospital expenditure, state-owned Canara Bank on Wednesday launched a slew of new products.

There is a healthcare-focused loan product called Canara Heal which is devised with the focus at meeting the shortfall of hospitalization expenditure. Also,  the bank also said in a statement that this concept will also focus on settling through TPA healthcare insurance claims of self-and/or dependents.

This promising loan to meet hospital expenses will be available at 11.55 percent per annum on a floating basis and 12.30 percent at fixed interest rate basis.

So, the customers whose treatment bull exceeds the insurance limit, the healthcare loan facility would be available to these kinds of individuals.

Furthemore, Canara bank has also introduced a customized savings account dedicated to women called Canara Angel. This account boasts various unique features which includes cancer care policy, pre-approved personal loan Canara ReadyCash and online loan against term deposit product.

Additionally, the bank has also stated that it is free of cost for women at the time of opening a savings account, adding that existing women customers can upgrade their accounts to avail these features.

The bank also showcased 'Canara UPI 123PAY ASI' which is a user-friendly payment interface, and 'Canara HRMS Mobile App for Staff.' This mobile app is a robust HR management solution for the bank's employees. Also, by collaborating with Reserve Bank Innovation Hub, Canara Bank has also become the first bank to offer seamless doorstep digital services to self-help groups (SHGs).

Lastly, the bank has said that the Digital SHG will help the customers to get instant digital credit in their accounts.