Mysore/Mysuru: The State Bank of India has introduced Premium-free Personal Accident Insurance for Karnataka State Road Transport Corporation (KSRTC) employees who have their salary account in the bank.
If the beneficiaries of the insurance die of accident, the family members will receive Rs. 50 lakh as compensation and their children will get Rs. 5 lakh for degree education and for the girl children, if any, they will get Rs. 5 lakh assistance for their marriage. For those beneficiaries who will be permanently or partially disabled after the accident will receive a compensation of Rs. 10 lakh.
