Under the pact, the private health insurer will offer the plan, 'Energy', to customers of the public sector lender.
"We are proud to be able to offer a first-of-its-kind solution to the millions suffering from diabetes in India. "Energy" will now be available for Canara Bank customers, as their banking channels will ensure deeper penetration of this much-needed insurance product," Apollo Munich Health Insurance Chief Executive Officer Antony Jacob said in a release here.
Canara Bank customers, who buy the plan, will have access to the vast network of Apollo Munich's hospitals and clinics for pre-policy check up, wellness tests and treatment.
To start with, the product will be available in eight big cities.
"We aim to help our customers take care of their health, in addition to providing appropriate wealth management tools that they can utilise over their entire life cycle.
"We believe that 'Energy' not only covers the medical conditions arising of this silent killer but also provides those suffering from Type 2 diabetes with a wellness tool to manage one's health condition," Canara Bank Chairman and Managing Director R K Dubey said.
The health insurer is a joint venture between India's Apollo Hospitals Group and Germany's Munich Health.