The insurance coverage cowl on this card is accessible just for as a lot because the credit score restrict of Rs. The credit score restrict of this card is most Rs 3 lakh. Accordingly, cardholders are getting free life insurance coverage of Rs 3 lakh. The time period of life insurance coverage is 1 12 months.
Federal Bank launched new bank card
Federal Bank has launched a brand new type of Credit Card has been launched. The title of this card is Group Credit Shield, through which many sorts of services are being out there concurrently. The largest function is the free life insurance coverage. The one who takes this bank card will get a free life insurance coverage cowl of Rs 3 lakh. That is, on the dying of the dying holder, his nominee will get Rs 3 lakh as cowl. Another particular function is that the shopper is getting a credit score restrict of as much as Rs 3 lakh on this card.
Federal Bank has tied up with Aegis Federal Life Insurance for this bank card. Federal Bank stated in a press release, Group Credit Shield Credit Card provides unique cowl to its prospects. In this, the insurance coverage cowl is accessible just for as a lot because the credit score restrict of Rs. The credit score restrict of this card is most Rs 3 lakh. Accordingly, cardholders are getting free life insurance coverage of Rs 3 lakh. The time period of life insurance coverage is 1 12 months.
bank card options
Other options of this bank card embrace the ability with none paperwork or medical examination. This implies that you’ll not want to supply any paperwork to take this bank card and the life insurance coverage cowl out there on it. This is a single premium plan which is greatest for these prospects who need ease of service with comfort. According to Federal Bank, this particular service of bank cards is being supplied with full safety.
The Group Credit Shield plan may be availed in simply 3 seconds. For this, you simply should do a number of clicks in your smartphone or laptop. Federal Bank at the moment provides three bank card variants which embrace Celesta, Imperio and Signet. These three playing cards are operated on Visa, GraspCard and RuPay networks respectively. Federal Bank has stated that prospects are being given the safety of life with the liberty to spend on this card. In case of premature dying of the bank card holder, the members of the family won’t be able to repay the mortgage quantity as a life insurance coverage cowl of Rs 3 lakh is being given. Federal Bank believes that with the assistance of Group Credit Shield Card, it can assist it to extend its buyer base.
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