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Federal Bank has announced a unique insurance package “Federal Assurance Scheme”, for their resident Savings customers, in association with New India Assurance Co. Ltd. This is another innovative initiative from Federal Bank to enhance the value of its savings customers.
Through this insurance package, the account holders of the Bank will have a personal accident cover with add on benefits to cover against unforeseen eventualities such as natural calamities, fire, theft of household contents and loss of baggage, depending on the criteria decided by the Bank.
The Insurance cover will be for one year which can be renewed subject to terms and conditions on expiry of the policy, a release said.
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