Banking News – Kumari Bank Limited’s Gaumul Branch has handed over an insurance claim of Rs. 1 million to a beneficiary under its Family Protection Savings Account (PSBK) insurance scheme.

The insurance claim was provided to Mrs. Bana Devi Bohara following the tragic accidental death of her husband. After completing the required claim verification process under the Family Protection Savings Account, the bank transferred the Rs. 1 million insurance benefit to the beneficiary.

The bank said the financial assistance is expected to provide much-needed support to the bereaved family during a difficult time.

Kumari Bank stated that it continues to prioritize the financial security of its customers and their families by offering attractive insurance benefits through various savings products. The insurance coverage provided under the Family Protection Savings Account is designed to offer financial relief to families affected by unforeseen events while strengthening their long-term financial security.

The bank added that such initiatives are particularly aimed at expanding access to financial services and insurance protection in rural and remote areas, thereby promoting greater financial inclusion and providing timely financial support to customers and their families when needed.

Kumari Bank has been providing banking services in Nepal for the past 25 years. The bank currently serves millions of customers through a nationwide network of 285 branches, 41 extension counters, 302 ATMs, and 40 branchless banking outlets, while continuing to expand access to secure, convenient, and high-quality banking services across urban, semi-urban, and rural areas of the country.