The News Scroll 17 June 2020  Last Updated at 9:45 pm | Source: PTI

Karnataka Bank launches COVID-19 health insurance in partnership with Universal Sompo

Karnataka Bank launches COVID-19 health insurance in partnership with Universal Sompo
New Delhi, Jun 17 (PTI) 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. PTI KPM RVK

Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI
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