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.