Karnataka Bank launches group Personal Accident Insurance Scheme named KBL Suraksha

Karnataka Bank launches group Personal Accident Insurance Scheme named KBL Suraksha

Karnataka Bank has launched has launched a group Personal Accident Insurance Scheme for all its Saving Bank(SB) Account holders. The insurance scheme is named “KBL Suraksha” and provides insurance cover for accidental death. All the SB Account holders within the age group of 18-70 years

can register themselves for the insurance scheme. The KBL Suraskha Scheme comes in two variants.

Plan A– provides an accidental insurance of Rs 5 lakh on payment of Annual premium of Rs 50(plus service charge). Plan B – provides an accidental insurance of Rs 10 lakh on payment of Annual premium of Rs 100(plus service charge). The maximum renewal age for the policy will be 75 years.KBL Suraksha

iv. Karnataka Bank has launched the insurance scheme in association with Universal Sompo General Insurance. The bank has launched a month-long campaign to promote its “KBL Suraksha” scheme.