Suryoday Small Finance Bank (SSFB) has launched a “Health and Wellness Savings Account,” offering top-up health insurance of ₹25 lakhs, annual healthcare package and on-call emergency ambulance medical care services.

The Bank, in a statement, said: “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 Kms will be available at 102 locations across the country till March-end 2022. ”

A resident individual (18 years to 65 years) can open the “Suryoday Health and Wellness Savings Account” either singly or jointly.

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The criteria for opening the premium savings account include maintenance of average monthly balance of ₹3 lakh and being eligible as per the key health declaration form, the Bank said.

R Baskar Babu, MD & CEO, Suryoday Small Finance Bank, said: “Treatment for medical emergencies, can set one back financially. Hence, we decided to introduce “Suryoday Health and Wellness Savings Account” to cushion this impact.

“We want to be a part of holistic financial & health planning for the entire family, so that not only their wealth grows but we also ensure that they don’t go out-of-pocket in case of medical emergencies.”

Features

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 of ₹3 lakh. Existing Saving Account customers can upgrade to the Health and Wellness Savings Account.

Depending on the balance in the savings account, SSFB currently offers 4 per cent interest on balance up to ₹1 lakh, 6.25 per cent on balances above ₹1 lakh and up to ₹10 lakhs, and 6 per cent on balances above ₹10 lakhs.