Read the terms before investing in FDs with insurance benefits
These FDs generally offer standard rates so, you will get the same deposit rate as offered on a normal deposit with no additional benefit
The interest rates on bank fixed deposits (FDs) are at historic lows. To attract more depositors, banks are offering FDs with additional benefits such as an insurance cover. DCB Bank launched an FD with health insurance benefits in November 2020. ICICI Bank also offers a bank FD which provides benefits, including health and life insurance covers under different variants.