BANKING GENERAL KNOWLEDGE
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Question
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Varanasi
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Patna
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Mumbai
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Pune
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Detailed explanation-1: -Bank of Baroda will acquire Union Bank of India’s 21% stake in IndiaFirst Life Insurance Company. Bank of Baroda will acquire Union Bank of India’s 21% stake in IndiaFirst Life Insurance Company. It is a joint venture between the Bank of Baroda, Union Bank of India, and Carmel Point Investments.
Detailed explanation-2: -1870: Bombay Mutual Life Assurance Society, the first Indian life insurance company started its business.
Detailed explanation-3: -If you have a regular or limited premium IndiaFirst Money Balance Plan and have paid your premiums for the first 5 years, you can apply for partial withdrawal after the 5th year. Similarly, for a single premium IndiaFirst Money Balance Plan, you can withdraw after completing the 5th policy year.