Mangaluru: Karnataka Bank has launched a month long campaign of ‘KBL Suraksha’ on Monday which will be in force till January 31. KBL Suraksha is a Group Personal Accident Insurance Scheme extended by the Bank to its Savings Bank (SB) account holders, in association with Universal Sompo General Insurance Co. Ltd. The scheme provides coverage against all types of accidental death.

All the Bank’s SB account customers in the age group of 18 to 70 years can subscribe to this scheme by paying a nominal annual premium of Rs 100 for Rs 10 lakh and Rs 50 for Rs 5 lakh coverage. The policy can be renewed upto the age limit of 75 years.

Bank’s privileged SB account holders (SB-Money Platinum, SB-Money Ruby, SB-Money Sapphire and KBL-Vanitha) will get this insurance coverage upto a limit of Rs 10 lakh at free of cost. The claim procedures are also simplified.

“We not only expect an overwhelming response from our existing SB account holders, but also a significant increase in new SB accounts. Public at large can avail of this unique personal accident insurance cover at a nominal annual premium” said P Jayarama Bhat, MD, CEO of the Bank, on the occasion of launching the campaign.

Mahabaleshwara M S, Chief General Manager, officials N Upendra Prabhu, Dr. Meera Aranha, Raghurama and others of the bank were present on the occasion of the launch of the new scheme.