Karnataka Bank in association with its life insurance partner PNB MetLife has launched 'Met Loan & Life Suraksha' (MLLS), a single premium plan covering the loan liability of a customer. The new product is made available across all the 769 branches of the Bank for its borrower clients.
The Bank also introduced 'KBL MLLS' app exclusively for the KBL employees to instantly calculate the insurance cover and premium based on loan liability of their borrowers.
Karnataka Bank operates as a private sector bank. Its products and services include current account, demand, time, cumulative, cash certificates, insurance linked savings bank deposits, resident foreign currency accounts and senior citizens deposit schemes.