On June 17, 2020 Karnataka Bank in partnership with Universal Sompo General Insurance Company has launched a health insurance policy. The policy aims to cover the individuals’ COVID-19 pandemic related health expenses.
Gist about the health cover
Price– The health cover can be availed at a nominal premium(current price without taking inflation or other factors into account) of Rs 399, inclusive of all taxes.
- It will cover-in-patient hospital expenses up to Rs 3 lakh, outpatient treatment expenses of Rs 3000.
- The policy will provide Rs 1000 per day against the expenses incurred towards 14 days of quarantine in a government or military hospital.
Validity– The validity period of the policy is 120 days.
Availability– The policy is available to all customers of the bank, between the ages of 18-65.
Eligibility for nonexistent customers– The nonexistent customers of the bank will be also be eligible to buy this policy as soon as they establish a banking relationship with the bank.
About Karnataka Bank:
Headquarters– Mangaluru(Mangalore), Karnataka
Managing Director(MD) & Chief Executive Officer(CEO)– Mahabaleshwara M.S.,
About Universal Sompo General Insurance Company:
MD & CEO– Sharad Mathur