Karnataka Bank has launched a month-long campaign to promote a group personal accident insurance scheme for savings bank account-holders. ‘KBL Suraksha’, which was launched on January 2, will be in force till January 31.
Launched in association with Universal Sompo General Insurance, KBL Suraksha provides coverage against all types of accidental deaths.
According to a press release, all savings bank account-holders of the bank in the age group of 18-70 years can subscribe to this scheme by paying an annual premium of ₹100 for ₹10 lakh and ₹50 for ₹5 lakh coverage.
Quoting P Jayarama Bhat, MD and CEO, the release said the bank expects a significant increase in new savings bank accounts during the campaign period.