Bank is tied up with two major general insurance company to service our customer general insurance needs. They are :
The glimpses of the General Insurance Products offered are:
At Karnataka Bank, we look at Insurance as a means to the total protection of your family and your assets.A step towards providing financial security to the family members of Savings Bank (SB) customers, Bank has launched Group Personal Accident Insurance Scheme under the scheme name “KBL Suraksha” which provides insurance cover for accidental death. All the Bank’s SB account customers between the age group of 18 to 70 years can subscribe to this scheme by paying a nominal annual premium of ₹125 for ₹10 lakh & ₹62 for ₹5 lakh coverage and the policy can be renewed upto the age limit of 75 years. Provision is also available for auto renewal of the policy with appropriate mandate facility. This novel scheme is effective from January 01, 2016.
Pradhan Mantri Suraksha Bima Yojana (PMSBY) scheme was launched by the Honourable Prime Minister on 9th May 2015 with an aim to create social security among public. Accordingly, Bank introduced the social security scheme to its customers.
The PMSBY scheme covers death due to accident or handicapped for life due to accident cases, subject to the scheme conditions. Any Individual between the age group of 18 to 70 can enrol into the scheme by paying a nominal annual premium amount of ₹12. The enrolled customers are eligible for Sum Assured of either of ₹200000 or ₹100000, subject to the scheme conditions. Bank has tied up with New India Assurance Company for PMSBY scheme.
For further details, please contact our nearest Branch