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Fixed Deposit schemes I Banks offer Fixed Deposit (FD) with health insurance benefits. Should you buy them?

Updated Jan 08, 2021 | 06:10 IST
Several banks offer Fixed Deposit (FD) variants with health insurance benefits to lure customers with added advantages. But should you buy them?
Banks offer Fixed Deposit (FD) with health insurance benefits. Should you buy them? | Photo Credit: Getty
Fixed deposits (FDs) are the goto financial instruments of choice for millions in India for the simplicity and safety they promise. However, owing to historic low-interest rates, banks are offering additional benefits to attract customers.
Many banks such as DCB, ICICI, Yes Bank and many others offer similar products in different variants. For example, DCB Bank offers a fixed deposit along with free medical services and health insurance benefits. ICICI Bank also offers FD variants which provides health benefits. ....

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The bank is offering health insurance cover to customers on a fixed deposit, understand how appropriate it would be to invest in it here | બેંક ફિક્સ્ડ ડિપોઝિટ પર ગ્રાહકોને હેલ્થ ઈન્શ્યોરન્સ કવર આપી રહી છે, તેમાં રોકાણ કરવું યોગ્ય રહેશે કે નહીં અહીં સમજો

The bank is offering health insurance cover to customers on a fixed deposit, understand how appropriate it would be to invest in it here | બેંક ફિક્સ્ડ ડિપોઝિટ પર ગ્રાહકોને હેલ્થ ઈન્શ્યોરન્સ કવર આપી રહી છે, તેમાં રોકાણ કરવું યોગ્ય રહેશે કે નહીં અહીં સમજો
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