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‘Health and Wellness Savings Account’—Suryoday SFB

Published on August 05, 2021
Current Context: The Suryoday Small Finance Bank (SSFB) launched the ‘Health and Wellness Savings Account’.
‘Health and Wellness Savings Account’—Suryoday SFB
  • The account offers top-up health insurance of Rs 25 lakhs, an annual healthcare package and on-call emergency ambulance medical care services.
  • The user between the age group of 16 to 65 years can opt for the account either as a joint or single account.
  • The user will have to maintain the average monthly balance of Rs 3 lakhs to open the premium savings account and must be eligible as per the key health declaration form norms.
  • The account includes the Platinum RuPay Secure Chip Debit Card variant, the ATM withdrawal limit of Rs 1.50 lakh daily basis is set for the account.
  • The daily POS usage limit of Rs 3 lakh is set with the account. Depending on the balance in the account, the interest is associated with the bank.
  • The 4% of interest is associated with the balance upto Rs 1 lakh and 6.25% of interest is associated with the balance above Rs 1 lakh to Rs 10 lakhs and 6% of interest is associated with the balance above Rs 10 lakh.
  • To bank has collaborated with Manipal Cigna Health Insurance and Vhealth Aetna for providing top-up health insurance and annual healthcare package respectively.
  • Also, to provide ambulance on-call services, the bank collaborated with Ziqitza Healthcare.
  • Static Part: 
    • HQ of Suryoday SFB: Mumbai
    • MD and CEO of Suryoday SFB: Baskar Babu Ramachandran

Question: 

Q.1 Which SFB launched ‘Health and Wellness Savings Account’ which offers top-up health insurance of Rs 25 lakhs, an annual healthcare package and on-call emergency ambulance medical care services?
a. Equitas SFB
b. Janalakshmi SFB
c. Utkarsh SFB
d. Suryoday SFB

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