1 February 2018 12:00 am
Bank of Ceylon (BOC) shares the joy of a new beginning with a special gift scheme for BOC Ran Kekulu Grade 1 and preschool entrants to boost enthusiasm as they step into school.
The offer will be open till end of March 2018 to allow more children the opportunity. If your child is entering preschool or Grade 1 this year, you can visit any BOC branch to open a new account with Rs.250 as the initial deposit from the bank and the gift pack of two drawing books and a box of colour pastel.
For all existing Ran Kekulu account holding children who have entered preschool or Grade 1 this year, the bank will offer this gift pack to the existing balance.
This offer is yet another benefit that comes along with an array of benefits that are attached to the Ran Kekulu account. Ran Kekulu accounts always carry an additional 1 percent above the normal rate. This account is also linked with a free life insurance cover for the parent or guardian to a maximum of Rs.500,000 (minimum balance of Rs.5000 should be maintained for a period of six months or more prior to the incident).
Any parent or guardian who opens Ran Kekulu accounts for more than one child will be covered up to a maximum of Rs.1 million. The child will also get a free medical insurance cover up to Rs.100,000 per annum in the event of an accident or 10 specified critical illnesses requiring hospitalization in a private hospital for more than one night (minimum balance of Rs.5000 should be maintained for a period of six months prior to the incident/illness).
In case of being admitted to a government hospital requiring hospitalization for more than three nights the insurance cover would be Rs.600 per day, for a maximum period of 30 days (conditions apply).