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Home / Money / Personal Finance /  Suryoday Bank launches health and wellness savings account. Know the 5 benefits

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

Existing savings account customers of Suryoday Small Finance Bank can upgrade to the health and wellness savings account. Photo: Mint

  • The account includes top-up health insurance of 25 lakh, annual healthcare package and on-call emergency ambulance medical care services.

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.

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.

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.

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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.

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