Home Current Affair October 2019 ICICI Bank launched India's first FD with free health insurance

ICICI Bank launched India's first FD with free health insurance


  • ICICI Bank has launched a new Fixed Deposit scheme 'FD Health' that will offer the dual benefit of investment growth via FD and protection through critical illness coverage.
  • The customers will be offered the insurance cover free of cost for the first year and thereafter, they can renew it.
  • It provides the customer with a critical illness cover of Rs 1,00,000/- from ICICI Lombard General Insurance Company on opening an FD of Rs 2,00,000/- to Rs 3,00,000/- for a tenure of at least 2-years.
  • Those customers, whose ages are 18-50 years, get a complimentary insurance cover for a 1-year on 33 critical illnesses.
  • 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.

    About ICICI Bank
    i) Founded on 5th January 1994
    ii) HQ - Mumbai, Maharashtra
    iii) Chairman - Girish Chandra Chaturvedi
    iv) MD & CEO - Sandeep Bakhshi

Published On : 15 Oct 2019

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