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:
“KBL – Suraksha” is a unique Personal Accident Policy providing financial securities to the family members of our SB Account Customers. M/s Universal Sompo General Insurance Co Ltd,(M/s USGICL) is providing this insurance cover for accidental death. All the Bank’s SB account customers in the age group of 18 to 80 years can subscribe to this scheme by paying a nominal annual premium of Rs.300 (including GST) for Rs.10 lakh & Rs.150 (including GST) for Rs.5 lakh coverage and the policy can be renewed lifelong. Provision is also available for auto renewal of the policy with appropriate mandate facility. This novel scheme is in force since January 01, 2016.
Bank is a Corporate Agent for M/s Universal Sompo General Insurance Co Ltd and Master Policy Holder of the KBL Suraksha Policy. The underwriting of risk, premium charges, and payment of claims is as per the policy terms and conditions of the Insurer.
Information regarding KBL Suraksha Policy Renewal. Click here
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 ₹20. 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.