IDBI Bank Launches ‘Aarogya Fixed Deposit’ with Assured Returns and Health Insurance Coverage up to Rs 15 Lakh

IDBI Bank, a leading public sector lender in India, on Monday announced the launch of its new 'Aarogya Fixed Deposit' scheme. It is a unique deposit product that combines assured returns with top-up health insurance coverage, reinforcing its commitment to customers' financial well-being and health security.

IDBI Bank Launches Aarogya Fixed Deposit with Health Insurance Cover

The newly introduced scheme allows customers to invest a fixed amount of Rs 7.50 lakh for a tenure of 370 days and receive health insurance coverage of up to Rs 15 lakh, along with applicable fixed deposit interest. The health insurance cover is provided through Care Health Insurance, the bank's identified insurance partner for the product.

The Aarogya Fixed Deposit is exclusively designed for resident individual customers aged between 18 years and 58 years 11 months.

Speaking on the launch, Shri Sumit Phakka, Deputy Managing Director at IDBI Bank, said the scheme reflects the bank's continued focus on innovation that puts customers first. He added that by combining assured returns with meaningful health insurance cover, the bank aims to offer a holistic solution that addresses both financial stability and health security.

Key Features of IDBI Bank Aarogya Fixed Deposit

Here are the major highlights of the scheme:

Investment Amount: Rs 7.50 lakh (fixed)

Tenure: 370 days

Insurance Cover: Up to Rs 15 lakh

Eligibility: Resident individuals aged 18-58 years 11 months

Insurance Partner: Care Health Insurance

Returns: Applicable FD interest rate along with insurance benefit

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