On Saturday, Corporation Bank entered into a memorandum of understanding with Universal Sompo General Insurance Co for offering personal accident death coverage to its savings bank account holders under Corp Signature, Corp Super and Corp Saral category.
In the presence of bank’s managing director and chief executive officer Jai Kumar Garg and Universal Sompo’s Head-Brandassurance, V.V. Vendhen. D.V. Subramanya Varma, the bank’s general manager, the MOU was signed.
Corporation Bank is offering 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 case of accidental death of the account holder, the nominee will get the benefit.