Federal Bank credit cards holder will receive up to ₹3 lakh in life insurance.

On monday federal bank launched sachet life insurance product 'Group Credit Shield' for federal bank credit card holders.

The Group Credit Shield insurance coverage is capped at a maximum of Rs. 3 lakh and is equal to the credit limit.

Innovative sachet life insurance product is a single premium plan that doesn't need any additional paperwork or medical checks.

Federal Bank credit card holder can purchase the insurance policy online in three minutes with a few simple clicks.

Federal Bank currently offers three different credit card models: Celesta, Imperio, and Signet in association with Visa, Mastercard and Rupay.

Customers can purchase a life insurance policy through Group Credit Shield to protect their credit expenditures and protect their loved ones.

LIC introduce dhan varsha single premium.