Understanding general insurance
General insurance is the financial backbone that supports you when unforeseen events strike. We have a broad range of policies designed to protect your valued assets and lifestyle. From the car you drive (motor insurance) to the home you cherish (fire and home insurance), each policy is tailored to safeguard against specific risks. Investing in protecting the things that matter to you means you are immune to financial disruptions and are able to participate in the adventure of life to the fullest. This also extends to specialized fields with engineering and marine insurance, catering to precise industry needs.
Types of general insurance
Health insurance
Travel insurance
Motor insurance
Fire insurance
Liability insurance
Marine insurance
Personal accident insurance
Engineering insurance
Why choose general insurance
A safety net for your material assets
Long-term policies with the option for lifelong renewability
Tailored insurance options fit for individual requirements
Mitigate potential risks with strategic insurance policies
KBL Suraksha
KBL Suraksha is a unique personal accident policy providing financial security to the family members of Karnataka Bank’s SB Account customers.
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Pradhan Mantri Suraksha Bima Yojana (PMSBY) scheme was launched in 2015 with an aim to create social security among public. The PMSBY scheme covers death due to accident or handicapped for life due to accident cases, subject to the scheme conditions.Bank has tied up with New India Assurance Company for PMSBY scheme
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Pradhan Mantri Jeevan Jyoti Bima Yojana is a Govt. Sponsored Life Insurance Scheme. The scheme is a one year cover Term Life Insurance Scheme, renewable from year to year, offering life insurance cover for death due to any reason.
Explore other insurance products
Advantage
- Monthly average balance:
₹25,000 - Unlimited Online Doctor Consultations across all specialties.
- Free NCMC Rupay International Platinum Debit Card.
Signature
- Monthly average balance:
₹5000 - Health Checkup Vouchers (4 Vouchers - 250 each)
₹1000 - Free NFC Classic Visa / NCMC Rupay Domestic Debit Card
Got questions? We’ve got answers.
Insurance acts as a safety net that financially protects you and your assets from losses due to accidents, theft, or other unforeseen events. It's a crucial step in safeguarding your financial future.
Consider the value of the asset, the risks you face, and your financial ability to handle potential losses. It's often beneficial to consult with an insurance advisor to find a policy that matches your specific needs.
Liability insurance provides protection against claims resulting from injuries and damage to people and property. It covers legal costs and payouts for which the insured party would be responsible if found legally liable.
Travel insurance is essential as it covers you for unforeseen medical expenses, trip cancellations, lost luggage, and other losses incurred while traveling. It's a layer of protection that can save you from unexpected costs.
The 'sum insured' is the maximum amount the insurer will pay in case of a claim during the policy term. In this policy, you can choose a sum insured ranging from ₹1 lakh to ₹50 lakh, based on your healthcare needs and budget.
Protect your assets and peace of mind with our general insurance solutions. Whether it's property, automobile, or travel, our general insurance policy options are designed to cover the broad spectrum of your general insurance needs. Choose from a variety of general life insurance options to safeguard your valuables.
In the context of insurance, interest rates are more relevant to the returns offered by certain life insurance policies like endowment plans or ULIPs (Unit Linked Insurance Plans). The returns on these policies depend on the type of policy and the underlying investments for ULIPs. Traditional life insurance policies offer guaranteed returns, while ULIPs provide market-linked returns, which can vary. Understanding the projected rate of return and the risk involved is crucial in selecting the right policy that aligns with your financial goals.
Do thoroughly assess your insurance needs based on your lifestyle, financial obligations, and health conditions. Research and compare different policies to find the one that best suits your requirements. Be transparent about your medical history and lifestyle habits when applying for insurance. Don't overlook the policy details, especially the coverage, exclusions, premiums, and terms of renewal. Avoid letting your policy lapse, as reinstating it can be costly and complicated. Regularly review and update your insurance to keep pace with life changes, such as marriage, parenthood, or changes in health.
