.....has signed a corporate agency agreement with Bank of Bahrain and Kuwait B.S.C (BBK)-to distribute its retail and group products to BBKs customers in India.

BANKING GENERAL KNOWLEDGE

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

____has signed a corporate agency agreement with Bank of Bahrain and Kuwait B.S.C (BBK)-to distribute its retail and group products to BBK’s customers in India.

A	Kotak Life Insurance
B	SBI Life Insurance
C	Reliance General Insurance
D	PNB MetLife

Explanation:

Detailed explanation-1: -Life insurance provider PNB MetLife has inked a corporate agency pact with Bank of Bahrain and Kuwait B.S.C (BBK). This collaboration will assist PNB MetLife in the distribution of its retail and group products to BBK’s customers in India.

Detailed explanation-2: -PNB Metlife India Insurance Company Limited. It was in 2011 that MetLife India launched bancassurance partnership with Punjab National Bank (PNB), and in 2013, Punjab National Bank (PNB) acquired 30% stake in MetLife India Insurance Co Ltd, making it PNB MetLife India Insurance Company Limited.

Detailed explanation-3: -Short title and commencement. (1) This Act may be called the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. (2) The provisions of this Act (except section 21, which shall come into force on the appointed day) shall be deemed to have come into force on the 19th day of July, 1969.

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