Mumbai, Feb 16: IDBI Bank today announced the launch of its ‘Aarogya Fixed Deposit’ scheme, a first-of-its-kind fixed deposit product that combines assured returns with comprehensive health insurance coverage, reinforcing the Bank’s commitment to customer well-being and financial security.
Under the Aarogya Fixed Deposit scheme, customers can invest a fixed amount of ₹7.50 lakh for a tenure of 370 days and receive a health insurance cover of up to ₹15 lakh, along with the regular fixed deposit interest. The health insurance cover is provided through Care Health Insurance, IDBI Bank’s chosen partner for this product.
The scheme is exclusively designed for resident individual customers aged 18 to 58 years 11 months, offering a holistic solution that addresses both financial stability and health protection.
Speaking on the launch, Shri Sumit Phakka, Deputy Managing Director, IDBI Bank, said:
“The Aarogya Fixed Deposit scheme reflects IDBI Bank’s continued focus on innovation that puts customers first. By combining assured returns with meaningful health insurance cover, we are offering a comprehensive solution that caters to both financial and health security.”
This product reinforces IDBI Bank’s commitment to innovative financial solutions that cater to evolving customer needs, providing peace of mind in uncertain times.