ICICI Bank Fixed Deposit Health offer introduced, includes free medical insurance

Banking and financial services major, ICICI Bank announces the launch of ‘FD Health’, a Fixed Deposit (FD) offering the dual benefit of investment growth via FD and protection through a critical illness coverage.

Initially, the customers will be offered the insurance cover free of cost for the first year and thereafter, they can renew it.

Insurance Cover:
This first-of-its-kind offering in the industry provides the customer with 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.

Additional benefits:
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. 

Critical illness cover:
The list of critical illnesses under the policy includes specified severities related to cancer, lung disease, kidney failure, liver disease and benign brain tumor, Alzheimer’s disease and Parkinson’s disease.

This is the latest addition to the Bank’s bouquet of innovative fixed and recurring deposits under the umbrella of ‘FD Xtra’ which are designed to help its discerning customers to meet various needs and goals at different stages of life.