Explanation:

• ICICI Bank has announced to launch a new Fixed Deposit (FD) scheme ‘FD Health’ that will offer the dual benefit of an FD along with free critical illness coverage with a sum assured of Rs 1 lakh. • The customers will be offered the insurance cover free of cost for the first year and thereafter, they can renew it. • This first-of-its-kind offering in the industry provides the customer with a complimentary critical illness cover of Rs. 1 lakh from ICICI Lombard General
Insurance Company on opening an FD of Rs. 2 lakhs to Rs. 3 lakhs for the tenure of at least two years.