Karnataka Bank Settles Rs 5 Lakh Insurance Claim Under KBL Suraksha Scheme

Claim Settlement Ceremony
The claim amount was presented to P. Rammohan Reddy, husband and nominee of the late D. Mamatamma from Koulepalli village. The handover took place at Karnataka Bank’s Kadiri branch, led by Branch Manager Rajashekar Reddy. The event was attended by Universal Sompo General Insurance Cluster Manager B. Ramakrishna, Relationship Manager Vara Prasad, and Financial Literacy Counsellors Veeramaruthi, Narayana, and Neeraja.

About KBL Suraksha
KBL Suraksha is a unique personal accident insurance scheme offered to Karnataka Bank savings account holders. It provides financial protection in case of accidental death, with coverage options up to Rs 10 lakh. The scheme is designed to ensure peace of mind for families, offering affordable premiums and additional benefits such as teleconsultations and preventive health checkups.

Community Impact
The timely settlement of claims under KBL Suraksha highlights Karnataka Bank’s commitment to customer welfare and financial security. Such initiatives strengthen trust among account holders and provide crucial support to families during unforeseen circumstances.

Key Highlights

• Rs 5 lakh claim handed over to nominee
• Nominee: P. Rammohan Reddy of Koulepalli village
• Event held at Karnataka Bank Kadiri branch
• Attended by bank and insurance officials
• Part of KBL Suraksha personal accident insurance scheme

Sources: The Hans India, Karnataka Bank official site