Suryoday Small Finance Bank launches “health and wellness savings account”
Suryoday Small Finance Bank (SSFB) has launched a âhealth and wellness savings accountâ, offering additional health insurance of 25 lakhs, an annual health care package and emergency medical care services by ambulance.
The bank, in a statement, said: âThe supplementary health insurance and the health package are free for one year after opening the account. Free ambulance service up to a distance of 20 km will be available in 102 locations across the country until the end of March 2022. ”
A resident natural person (18 to 65) can open the âSuryoday Health and Welfare Savings Accountâ either alone or jointly.
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The criteria for opening the premium savings account include maintaining an average monthly balance of 3 lakh and eligibility according to the key health declaration form, the bank said.
R Baskar Babu, Managing Director and CEO of Suryoday Small Finance Bank, said, âTreating medical emergencies can lead to financial setback. Therefore, we decided to create a âSuryoday health and wellness savings accountâ to cushion this impact.
“We want to be part of holistic financial and health planning for the whole family, so that not only does their wealth increase, but we also make sure that they don’t pay out in a medical emergency.”
Some of the features of the new product include a RuPay âPlatinumâ secure chip debit card variant, a daily ATM withdrawal limit of 1.50 lakh, a daily point-of-sale usage limit of 3 lakh. Existing customers of the savings account can switch to the health and wellness savings account.
Based on the savings account balance, SSFB currently offers 4% interest on the balance up to 1 lakh, 6.25% on balances over 1 lakh and up to 10 lakh, and 6% on balances greater than 10 lakhs. .