The Improvement Credit score Financial institution (DCB) final week re-introduced its fastened deposit (FD)<\/strong><\/a> schemes with complimentary life covers. Different banks, resembling HDFC, even have such combo packages.<\/p>\n Eighteen per cent of India\u2019s complete monetary wealth is being held in FDs, in accordance with a report titled \u2018Way forward for Fintech July 2022\u2019, printed by Boston Consulting Group (BCG).<\/p>\n FDs are widespread amongst Indians, however does it make sense to spend money on them once they come bundled with insurance coverage? Let\u2019s discover<\/p>\n DCB financial institution has partnered with Aditya Birla Solar Life Insurance coverage Restricted for providing a bundled FD-Insurance coverage product known as \u2018Suraksha FD with a hard and fast three-year time period and an rate of interest of seven.84 per cent yearly.<\/p>\n The life cowl might be up the utmost FD quantity of Rs 10 lakh. In a press launch, the financial institution additionally stated \u201cno medical check\u201d could be required to acquire the life cowl.<\/p>\nHow Do They Work?<\/strong><\/h2>\n