Karnataka Bank Launches COVID-19 Health Insurance in Partnership With Universal Sompo
- Karnataka Bank on Wednesday said it has launched a health insurance policy for COVID-19 in a tie-up with Universal Sompo General Insurance Company.
- To protect the health of common man, Karnataka Bank has launched a special health insurance policy to cover the uncertainties posed by COVID-19 pandemic, it said in a release.
- “With the objective of providing insurance cover for individuals for COVID-19 pandemic related health expenses, the bank in association with Universal Sompo General Insurance Company Ltd has launched this health policy,” Karnataka Bank MD and CEO Mahabaleshwara M S said.
- The private sector bank said the health cover can be availed at a nominal premium of Rs 399, inclusive of all taxes.
- The policy will cover in-patient hospital expenses up to Rs 3 lakh, outpatient treatment expenses of Rs 3,000, and will also provide a sum of Rs 1,000 per day towards expenses incurred towards 14 days of quarantine at a government or military hospital, it said.
- The validity of this policy is for a period of 120 days.
- The policy is available to all the customers of the bank in the age group of 18-65 years, the release said.
- “General public who are not existing customers of the bank will also be eligible to buy this policy immediately after establishing a banking relationship with our bank,” Mahabaleshwara said.
About Karnataka Bank-
Karnataka Bank Limited is India’s twelfth largest private sector bank. It is an ‘A’ Class Scheduled Commercial Bank based in Mangaluru in Karnataka, India. Karnataka Bank Limited has a network of 848 branches, 1540 ATMs and 442 e-lobbies/mini e-lobbies across 22 states and 2 union territories.
- Founded – 18th February 1924
- Headquarters– Mangalore, Karnataka
- MD & CEO– Mahabaleshwara M.S.
About Universal Sompo General Insurance Company–
Universal Sompo General Insurance Company Limited is a private public joint venture in general insurance where two nationalized banks, namely Allahabad Bank and Indian Overseas Bank, one private sector bank namely Karnataka Bank Ltd, one FMCG namely Dabur Investment Corp and a leading general insurer from Japan namely Sompo Japan Nipponkoa Insurance Inc have formed a general insurance company. It is India’s first Public – Private Partnership in General Insurance Industry.
- Founded – 2007
- Headquarters– Mumbai, India
- MD & CEO– Sharad Mathur
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