Insurance firm AIA Group Ltd has decided to increase its stake in Tata AIA Life Insurance Co Ltd, a joint venture owned by Tata Sons Ltd and AIA Group from 26 per cent to.....per cent.

BANKING GENERAL KNOWLEDGE

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

Insurance firm AIA Group Ltd has decided to increase its stake in Tata AIA Life Insurance Co Ltd, a joint venture owned by Tata Sons Ltd and AIA Group from 26 per cent to____per cent.

A	51 percent
B	100 percent
C	74 percent
D	49 percent

Explanation:

Detailed explanation-1: -Tata AIA Life Insurance Company (Tata AIA Life) is a joint venture between Tata Sons and AIA Group (AIA).

Detailed explanation-2: -20 to 45 years (in multiples of 5 years).

Detailed explanation-3: -This rider provides coverage for various unforeseen events and risks, such as death, disability due to accident, a wide range of critical illnesses, or terminal illness to name a few. This ensures that we protect our family against life’s uncertainties, no matter what they may be.

Detailed explanation-4: -AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients.

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