ICICI Bank has renewed its agreement with the army offering specially created benefits to the army personnel and pensioners through its 'defence salary account' by adding accidental insurance cover of Rs 1 crore on death and Rs 30 lakh for total or partial disability across all ranks.
The service includes a bouquet of benefits including a zero balance account, preferential allotment of lockers and waiver on processing fees on home, auto and personal loans for Gallantry award winners and up to Rs 1 lakh of financial assistance for higher education. The bank also offers unlimited free ATM transactions.
ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.
