Corporation Bank has signed a memorandum of understanding (MoU) with Universal Sompo General Insurance for providing accident death coverage to its savings bank account holders under Corp Signature, Corp Super and Corp Saral category. The bank will be provide personal accident death cover of Rs 10 lakh to its corp signature and 5 lakh to its corp super account holders.
Corporation Bank is a Mangalore-based mid-sized public sector bank which was established in 1906. Government of India is the majority shareholder holding 59.82% stake in the bank. Overall, the Bank has a wide network of over 9,000 centres across India, including 2,061 branches, 2,599 ATMs and 4,349 branchless banking units.
