Page 24 - Banking Finance November 2019

PRESS RELEASE

ICICI Bank adds new features to international student travel card

Speaking on the initiative, Mr. Sudipta Roy, Head –
Unsecured Assets, ICICI Bank said, “ICICI Bank is pleased to
offer a specialised and enhanced travel card for students
who travel abroad to pursue higher studies. With a steady
increase in the number of students heading abroad for
higher studies, the student travel card has been equipped
with added benefits and features. We believe that these
enhanced features will comprehensively assist students and
their parents in meeting their various payment needs. Also,
this gives parents a convenient and hassle free way of
sending money to their children for their expenses. This is
in line with the Bank's philosophy of providing innovative
ICICI Bank recently announced the launch of an enhanced and relevant solutions for our customers."
version of its ‘ICICI Bank Student Travel Card’. The new Key benefits offered by the ICICI Bank Student
multicurrency card offers enhanced benefits to the students Travel Card:
worth up to Rs. 5,000 and is now available in 15 currencies. Y Available in 15 currencies
The card, previously available in five currencies namely
Y 40% discount on excess courier baggage as well as 20%
USD, EURO, GBP, AUD and CAD, can also be availed in SGD,
discount on overall courier service by DHL
AED, CHF, JPY, SEK, ZAR, SAR, THB, NZD and HKD.
Y Croma shopping voucher
The card offers a convenient, safe and hassle-free way to
manage education related expenses to students, who are Y Card Protection Plus insurance worth Rs 1,600
going abroad for higher studies and their parents who will Y Lost card/Counterfeit card liability coverage up to Rs
reload money digitally from India. While it helps the 5,00,000
students to pay for expenses such as application fee,
Y Replacement card in the event of loss/damage of
university admission fee, other course related fee, hostel
primary card
fee and day-to-day living expenses, their parents can
seamlessly and digitally reload the card from India. The card International Student Identity Card (ISIC) membership. The
enables students to withdraw money from ATMs across the ISIC card is the only internationally accepted proof of bona
globe in the local currency. fide student status and offers exclusive discounts and offers
at over 1,50,000 merchant outlets across over 130
Also, students get the added benefits of free comprehensive
countries
travel insurance, lost card liability insurance, Croma
shopping voucher, 40% discount on excess courier baggage The card has a validity of five years and can be applied for
as well as 20% discount on overall courier service by DHL using the Bank’s mobile banking platform, iMobile or from
and a replacement card which can be activated instantly any foreign exchange- enabled ICICI Bank branch. Anyone,
in the event of loss/damage of the primary card. including non-customers of the Bank, can apply for this card.

24 | 2019 | NOVEMBER | BANKING FINANCE