ICICI Bank launches ‘FD Health’

15 Oct 2019 Evaluate

ICICI Bank has launched ‘FD Health’, a Fixed Deposit (FD) offering the dual-benefit of investment growth via FD and protection through a critical illness coverage. The customers will be offered the insurance cover free of cost for the first year and thereafter, they can renew it.

This first-of-its-kind offering in the industry provides the customer a complimentary critical illness cover of Rs 1 lakh from ICICI Lombard General Insurance Company on opening an FD of Rs 2 lakh to Rs 3 lakh for tenure of at least two years. In addition to getting a competitive interest rate, the customers, who are in the age bracket of 18-50 years, get a complimentary insurance cover for a year on 33 critical illnesses.

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.


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