Pan Asia Bank launches Suwasavi Fixed Deposit with free family medical insurance

Pan Asia Bank has introduced yet another innovative product called ‘Suwasavi Fixed Deposit,’ which provides a free medical insurance cover for the depositor and his/her family.

The main idea behind introduction of this product is to enable every person who would want to provide the best healthcare to their loved ones, to do so without eroding the family’s future savings. In fact, with Suwasavi Fixed Deposits, customers continue to build their future savings by earning an attractive interest while being able to provide the best healthcare to their loved should the need arise.

When customers invest in a Suwasavi Fixed Deposit, they will automatically receive a free family medical insurance cover of up to 15% of the deposit value per annum. Also this cover will be valid right throughout the tenure of the deposit. For example, if a customer who is less than 65 years of age places a Suwasavi Fixed Deposit of Rs. 1,000,000 for five years, the customer and his/her family (husband, wife and two unemployed and unmarried children under 21 years) will be covered by a free medical insurance cove of Rs. 150,000 per annum for five years. In other words, the family can claim up to Rs. 150,000 during each of those five years.

Suwasavi Fixed Deposits can also be opened customers who are between ages of 66-75, and they too are entitled to receive a free medical insurance cover of 10% of the deposit value.

Another unique benefit of Suwasavi Fixed Deposit scheme is that unmarried customers can include their parents who are less than 65 years of age as his/her family unit and then they too will be covered by the medical insurance.

Medical insurance cover provided with Suwasavi Fixed Deposit allows customers to receive treatment from any private hospital. For certain Colombo based leading private hospitals such as Nawaloka, Durdans, Asiri, Hemas and Central, a cashless insurance card is issued which customers can just present to the hospital to receive insurance. For all other private hospitals and nursing homes across the country, customers can settle their bill and receive reimbursement under the insurance cover within a matter of few days.

The following areas are covered by the free family medical insurance cover provided with Suwasavi Fixed Deposits:

Private hospital room charges up to Rs. 15,000 per day

A maximum of Rs. 20,000 for lenses in the case of a cataract operation

Hospital and nursing home maintenance charges including admission fees

Medical and operational expenses for special treatment and nursing provided on the recommendation of a consulting specialist

Use of the operating theatre

Physiotherapy, X-ray, radiological and radium examination

Specialist services such as for surgeons, anaesthetists, consultants and specialists

Normal childbirth

Complications in pregnancy and complications arising as a result of pregnancy

Customers can open a Suwasavi Fixed Deposit with Rs. 100,000 or more and the deposit period should be one year or above. Suwasavi Fixed Depositors can receive attractive interest rates on a monthly basis or at maturity while receiving the highest level of security for the deposit. For more information on this product, customers can walk into any of Pan Asia Bank branches island wide or call (011)4667222.