Karnataka Bank launches health insurance to cover COVID-19 Pandemic

Entire world is going through a tough time fighting the dreaded corona virus. Leading private sector bank, Karnataka Bank as part of its social commitment to protect the health of common man has launched a special health insurance policy to cover the uncertainties posed by COVID -19 pandemic.

Speaking about the said group insurance policy, Mr. Mahabaleshwara in.S, MD & CEO of Karnataka Bank said "With the objective of providing insurance cover for individuals for COVID-19 pandemic related health expenses, Bank in association with Universal Sompo General Insurance Company Ltd has launched this health policy. At a nominal premium of Rs 399/- inclusive of all taxes, one can avail health cover for COVID-19 under this policy. This policy will cover in-patient hospital expenses up to Rs 3.00 1akh, outpatient treatment expenses of Rs 3000/- and will also provide a sum of Rs 1000/- 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 18-65 years. 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. In this regard, customers/general public are requested to contact our nearest branch for more details. It is my earnest appeal to all to subscribe to this health policy which was envisaged primarily with a social commitment to protect you and your family from the risks of COVID -19 and live peacefully without being concerned about the financial uncertainties posed by this dreaded virus."

Shares of KARNATAKA BANK LTD. was last trading in BSE at Rs.40.15 as compared to the previous close of Rs. 40.65. The total number of shares traded during the day was 294223 in over 1456 trades.

The stock hit an intraday high of Rs. 40.75 and intraday low of 38.8. The net turnover during the day was Rs. 11839945.

Source : Equity Bulls

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