Suryoday Bank launches health and wellness savings account. Know the 5 benefits

Suryoday Small Finance Bank (SSFB) has launched a 'Suryoday Health and Wellness Savings Account' to help customers grow their wealth and also take care of their family's health amid the covid-19 pandemic.

The account offers an attractive interest rate and comes with three major benefits for a family of four -- top-up health insurance of ₹25 lakh, annual healthcare package and on-call emergency ambulance medical care services.

Top-up health insurance and healthcare package are free of charge for one year after opening the account. Free ambulance service up to a distance of 20 km will be available at 102 locations across the country till March-end 2022.

For opening the savings account, customers will need to maintain an average monthly balance of ₹3 lakh and have to be eligible as per the key health declaration form.

Key Benefits of health and wellness savings account

• Complementary top-up health insurance plan of ₹25 lakh with a deductible amount of ₹5 lakh
• Top-up health insurance plan covers self and family (self , spouse, and up to 2 children) for hospitalisation/medical emergencies.
• Complementary health care package for up to four members, including free online doctor consultations, free health check-ups, online pharmacy vouchers, network discount card.
• Complementary ambulance services for family in case of any unfortunate medical emergency.
• Attractive rate of interest on health and wellness savings account with interest payable monthly.

Some of the features of the new product include a “Platinum” RuPay Secure Chip Debit Card variant, daily ATM withdrawal limit of ₹1.50 lakh, daily POS usage limit (value of the transaction) of ₹3 lakh. Existing savings account customers can upgrade to the health and wellness savings account.

Depending on the balance in the savings account, Suryoday Bank currently offers 4% interest on balances up to ₹1 lakh, 6.25% on balances above ₹1 lakh and up to ₹10 lakh, and 6% on balances above ₹10 lakh.

The bank has tied up with Manipal Cigna Health Insurance for providing top-up health insurance, with Vhealth Aetna for providing annual healthcare package and with Ziqitza Healthcare for providing ambulance on-call services.