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new Delhi17 days ago
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- At present DCB Bank and ICICI Bank are providing this facility.
- ICICI Bank is offering Critical Illness Benefits under its FD Extra option
Many banks are offering free health insurance on fixed deposits (FD) to attract customers. Currently, DCB Bank and ICICI Bank are providing this facility. DCB Bank is offering health insurance benefits with FD, while ICICI Bank is providing health and life insurance benefits on FD.
DCB Bank is offering OPD consultations on health insurance, medicines such as benefits within the prescribed limits. At the same time, ICICI Bank is offering Critical Illness Benefits under its FD Extra option. Today we are telling you about these FDs so that you can decide according to yourself whether it will be right for you or not …
Interest rate and tenure
Standard rates are often offered on these fixed deposits. Therefore, you will get the same interest on FDs that banks pay on normal deposits. Its tenure (duration) is fixed. For example, Health Plus FD of DCB Bank is available for 700 days only. At the same time, this scheme of ICICI Bank is for 2 years. You will not get this facility on fixed deposits of every tenure.
How much money will FD have to pay
In such FD in which you also get the benefit of insurance, you have to make a certain investment in it. For a health plus policy of DCB Bank, a minimum FD of Rs 10,000 will be required. At the same time, ICICI FD extras are getting health insurance facility at FDs of 2 lakh to 3 lakh rupees.
Milla Limited Cover
Health insurance available on FD gets limited cover. Health insurance up to a maximum of Rs 1 lakh is being provided by ICICI Bank for the treatment of critical illness. Apart from this, there is also an age limit. ICICI Bank FD should not be more than 50 years of age. In DCB Bank this limit is 70 years.
Should you invest in these FDs?
You will get the same interest on FDs that banks pay on normal deposits. In such a situation, if you want to invest the same period and amount on which insurance is benefiting, then it would be right for you to invest in such FD. Apart from this, if you are getting FD to take advantage of such a policy. So you should know carefully about all its terms and conditions. Click here for this FD of ICICI Bank Click here for this FD of DCB Bank