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HealthCover FD

More benefits than ever before

Protection Benefits

  • Enjoy hospital cash cover of up to ₹1,000/day for 15 days.

Growth Benefits

  • Earn guaranteed returns with the same interest rates as a Regular Fixed Deposit.

Flexibility Benefits

  • Choose a tenure from 1 to 10 years with multiple payout options.

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Additional Benefits

Wondering if you are eligible?

  • Resident individuals falling in the age group - 18 to 59 years can book the HealthCover FD.
  • The Fixed Deposit should be of ₹5 lakhs and above (max 2.99 crore) & for a tenure of 1 to 10 years.
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Documents required to apply

Identity proof

  • Passport
  • Aadhaar card
  • Voter ID  
  • Driving licence  
  • PAN card  
  • Passport size photographs         

Address proof

  • Utility bills (electricity, water, gas, or telephone)  
  • Rental agreement  
  • Passport  
  • Aadhaar card  
  • Voter ID   

Income proof

  • Salary slips (for salaried individuals)
  • Income tax returns (ITR)
  • Form 16
  • Bank statements

Frequently Asked Questions

HDFC Bank HealthCover FD is a unique investment product which offers both - the benefits of a Fixed Deposit & the safety of Hospital Cash Cover. On opening a HealthCover fixed deposit, Hospital Cash cover for the first year will be provided. For FD amount 5 lakhs to < 10 lakhs, Hospital Cash cover of ₹500 per day for 15 days & for an amount >=10 lakhs to 2.99 crores, Hospital Cash Cover of ₹1000 per day for 15 days.

Interest on HDFC Bank HealthCover FD is same as offered on Regular Fixed Deposit

Yes, monthly/quarterly interest payout option is available on HealthCover FD. However, rate applicable on monthly payout will be discounted over the standard deposit rate

Residents falling in the age group 18 to 59 years can avail of the HDFC Bank HealthCover FD

HealthCover FD can be booked for a minimum amount of ₹ 5 lakhs & Maximum amount of ₹2.99 crores.

HealthCover FD can be booked for a minimum tenure of 12 months & maximum tenure of 120 months.

Yes. However, if the Fixed Deposit is liquidated fully or partially i.e. (>=50% of original principal value) within a year, then the Health insurance cover will be de-activated with immediate effect

TDS will be applicable on the HealthCover FD as per the extant guidelines

HealthCover FD is a unique product proposition which offers Hospital Cash Cover valid for 1 year on opening of the FD.

Hospital Cash cover on the Fixed Deposit investment, for FD amount 5 lakhs to < 10 lakhs, Hospital Cash cover of ₹500 per day for 15 days & for amount >=10 lakhs to 2.99 crore, Hospital Cash Cover of ₹1000 per day for 15 days is given for the 1st year on a minimum FD of ₹5 lakhs & max ₹2.99 crore.

FD should be of ₹5 lakhs and above (max 2.99 crore) and of minimum tenure of 1 year. Age of customer investing in HealthCover FD should be between 18 and 59 years and the customer should be in good health

The Hospital Cash Cover will be valid for one year.

Customer does not have to pay any premium for the first year.

Customers can write to below ids for claim process & documentation:

Or

Please click here for detailed terms and conditions for Hospital Cash Cover.