ICICI Bank introduces an FD with free health insurance : FD Health gives you a critical illness insurance cover of Rs 1 lakh against 33 types of critical illnesses covered under the policy. If you are diagnosed with one of the listed critical illnesses, you will be eligible to make claim without liquidating the fixed deposit.
ICICI Bank introduces ‘FD Health’; India’s first fixed deposit with critical illness insurance. The protection plan comes with insurance coverage of Rs. 1 lakh for investments made above Rs. 2 lakh.
How the ICICI Fixed Deposit Insurance Polic cover works?
FD Health gives you a important illness protection insurance cover of Rs 1 lakh against 33 kinds of basic diseases and illness secured under the arrangement. In the event that you are determined to have one of the recorded basic ailments, you will be qualified to make guarantee without exchanging the fixed store. “With the special double recommendation offered by FD Health, one can remain secured against medicinal costs without breaking one’s investment funds,” says Sanjeev Mantri, Executive Director, ICICI Lombard General Insurance. The basic sicknesses that are secured under the strategy incorporate indicated severities identified with malignancy, lung malady, kidney disappointment, liver infection and amiable mind tumor, Alzheimer’s illness and Parkinson’s ailment.
What are ICICI Fixed Deposit Insurance Policy Eligibility criteria?
The bank offers the complimentary basic illness cover of Rs 1 lakh from ICICI Lombard General Insurance Company on opening a FD of Rs 2 lakh to Rs 3 lakh for residency of in any event two years. This alternative is accessible to just those contributors who are in the age section of 18 years to 50 years.
Should you go for ICICI Fixed Deposit Complimentary Insurance Policy ?
The financing cost offered by the ICICI Bank on FDs with untimely withdrawal choice for sum underneath Rs 2 crore is at present 7 percent for a residency of two years and its 6.9 percent for a residency of more than two-three years. The financing cost offered by the bank is aggressive among enormous banks. Go for this FD dependent on your money related arranging and resource distribution necessity, not as a result of an extra element.