Corporation Bank on Saturday entered into a memorandum of understanding (MoU) with Universal Sompo General Insurance Co., Ltd., for providing personal accident death coverage to its savings bank account holders under Corp Signature, Corp Super and Corp Saral category.
The MoU was signed in the presence bank’s managing director and chief executive officer Jai Kumar Garg and Universal Sompo’s Head-Brandassurance, V.V. Vendhen. D.V. Subramanya Varma, bank’s general manager, was present.
Death cover
Corporation Bank provides free personal accident death cover of Rs. 10 lakh to its Corp Signature and Rs. 5 lakh to its Corp Super account holders. In the event of accidental death of account holder, the nominee will get the benefit.
