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  • High returns and maximum security for your deposit
  • A free Medical Insurance and a life insurance cover for you and your family (a family includes husband, wife and two unmarried, unemployed children under 21)
Age of the Depositor Family Medical Insurance Cover Life Insurance Cover (for primary deposit holder only)
18 – 64 Years 15% of the deposit value 25% of the deposit value or Rs 750,000 whichever is less
65 – 75 Years 10% of the deposit value 20% of the deposit value or Rs 400,000 whichever is less

For example, if a customer who is less than 65 years of age places a Suwa Savi Fixed Deposit of Rs. 1,000,000/-, the customer and his/her family will be covered by a free Medical Insurance cover of Rs. 150,000/- per annum for one year, or in other words, the family can claim up to Rs. 150,000/- during the one year period.

  • Unmarried depositors can include parents below 75 years as family members for the Medical Insurance
  • Available for customers between the ages of 18 to 74

Please refer the table below for hospitalization benefits

Hospital/Nursing home maintenance charges, including admission fees 40% of the Annual Limit
All other expenses necessarily incurred following hospitalization in an approved Hospital/Nursing Home and includes expenses for treatment/surgery, investigations, specialist fees/services and nursing provided on the recommendation of a consultant specialist 60% of the Annual Limit
Maximum Room Charges Per Day Rs. 6,000/-
Hospitalization in a non-paying ward of a Government Hospital up to a maximum of 10 days (for age limit 18 to 65 years) and up to a maximum of 21 days (for age limit 66 to 75 years) (Per Annum) Rs. 1,000/- Per Day
Expenses incurred on drugs purchased and tests, scans & X-rays undergone whilst being an in – patient in a non paying ward of a government hospital 20% of the Annual Limit
Emergency Transportation Fees – Ambulance only Rs. 5,000/-

What is the minimum value and tenure for a Suwasavi Fixed Deposit?

Any value between Rs. 100,000/- to Rs. 3,000,000/- for a period of one year. Expenses related to maternity will not be reimbursed under this scheme. For insurance details, please refer the insurance certificate provided when opening the account *Conditions apply