.....and SBI Life Insurance came together and signed a bancassurance pact, to offer a holistic financial planning solution to consumers.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____and SBI Life Insurance came together and signed a bancassurance pact, to offer a holistic financial planning solution to consumers.

A	Punjab National Bank
B	Allahabad Bank
C	Canara Bank
D	Bank of Baroda

Explanation:

Detailed explanation-1: -Uco Bank as Corporate Agent In Bancassurance-Non-life Business, the Bank is a Corporate for Two General Insurance Companies under Corporate Agency tie-up arrangement and selling Insurance Products for these two Insurance Companies.

Detailed explanation-2: -SBI Life Insurance Company Limited (SBI Life) established in 2001 is a Joint Venture between State Bank of India (SBI) and BNP Paribas Cardif S.A. and is one of the leading life Insurance companies in India.

Detailed explanation-3: -SBI Life Insurance Company Limited was established in 2001, as a joint venture between State Bank of India and BNP Paribas Cardif S.A. SBI Life has an authorized capital of Rs 2, 000 crores and a paid-up capital of Rs 1, 000 crores.

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