Aarogya Fixed Deposit
Overview
Introduction of FD Product with in-built health insurance – Aarogya Fixed Deposit
Bank has Introduced one of the Unique term Deposit Product branded as “ Aarogya Fixed Deposit “ which offers in-built health insurance to the customer without paying any premium for the insurance. Insurance cover under this product will be taken care by our identified insurance partner .This exclusive product goes beyond traditional saving by recognizing that good health and financial stability go hand in hand. By introducing Aarogya Fixed Deposit bank has again reaffirmed its commitment towards customers for not only safeguarding their Deposit with us but also overall well-being of our valuable customers without any extra cost .
The Salient features of Aarogya FD are given as under:
| Particulars | Product Features |
|---|---|
| Name | Aarogya Fixed Deposit |
| Eligibility | Any resident individual jointly or singly (only primary A/c holder will be covered under Aarogya Plan). Not allowed for NRI, senior citizens, HUF, minors. Not Allowed for non-individuals like proprietor, corporation , trust, society, company, association, etc. |
| Min/ Max Amount | Rs. 7.50 Lakh ( Fixed ) |
| Min/ Max period | 370 Days ( Fixed Special Bucket ) |
| Age (Years ) | 18 yrs. to 58 yrs 11 months |
| Applicable Interest Rates | As decided by ALCO from time to time . |
| Health Insurance Cover | (To be Provided by Insurance Partner) Health insurance cover of Rs. 15.00 lakhs for in-patient hospitalisation treatment subject to first Rs 2.00 lakhs deductible from customer side. (The customer is required to bear the first Rs. 2.00 lakhs of hospitalization expenses as a deductible amount. The insurance cover becomes applicable only for eligible expenses exceeding Rs. 2.00 lakhs in a policy year). |
| Premium Payment | To be paid by the Bank. |
| Premature Closure | Allowed as per extant Policy. However, in case of premature closure, health insurance cover will be immediately discontinued. |
| Premature Closure Penalty | Allowed as per extant Policy |
| Auto Renewal | Auto Renewal not allowed under this product . |
* For detail terms & condition Pls visit nearest IDBI Bank Branch
