2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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HDFC
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ICICI
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SBI
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RBI
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Detailed explanation-1: -ICICI Bank launched a fixed deposit scheme called FD Health, that comes with an in-built critical insurance policy.
Detailed explanation-2: -For investors in FD Health, ICICI Bank will offer the insurance cover free of cost for the first year and thereafter, they can renew it. ICICI Bank’s FD Health provides investors a complimentary critical illness cover of *1 lakh from ICICI Lombard General Insurance Company on opening an FD of Rs. 2 lakh to Rs.
Detailed explanation-3: -Features. HDFC Bank HealthCover FD is a unique investment product that offers both - the benefits of a Fixed Deposit & the safety of a Health Insurance cover. A Health Insurance Cover which includes Hospital Cash Cover for the first year will be provided on booking an HDFC Bank HealthCover FD.
Detailed explanation-4: -To apply for ‘FD Health’ deposits, customers can visit the nearest ICICI Bank branch.
Detailed explanation-5: -The ICICI FD Xtra is a range of five different fixed deposit options offered by ICICI Bank. These FD schemes offer attractive interest rates that ensure good returns along with growth and security as well. Interest rates range from 5.15% p.a. to which is based on the tenure for each scheme .