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