BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Bajaj Allianz General Insurance has entered into a bancassurance deal with____Bank and this corporate agency agreement will enable distribution of Bajaj Allianz General Insurance products through the bank’s network of 2, 129 branches across the country.
A
Vijaya Bank
B
Bank of Baroda
C
ICICI Bank
D
Axis Bank
Explanation: 

Detailed explanation-1: -NEW DELHI: Punjab & Sind Bank (PSB) and Bajaj Allianz Life Insurance have announced a partnership for distribution of the latter’s life goals-based product suite to the bank’s customers.

Detailed explanation-2: -Bajaj Allianz Life Insurance and Punjab & Sind Bank have partnered to offer protection and savings life insurance plans to the bank’s customers.

Detailed explanation-3: -HDFC Bank has finalised a new bancassurance partner in Bajaj Allianz General Insurance Company, sources in the bank said.

Detailed explanation-4: -J Venkatramu, MD & CEO, India Post Payments Bank, said, “IPPB is committed to fulfilling varied financial needs of our customers with affordable and accessible solutions, and our strategic partnership with Bajaj Allianz will go a long way in helping us realize that vision.

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