Karnataka Bank has launched a health insurance policy in association with Universal Sompo General Insurance Company with the objective of providing insurance cover for individuals for COVID19 pandemic related health expenses.
The policy will cover inpatient 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. 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 to 65 years.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.
