BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

Name the insurance company that has entered into a bancassurance deal with Vijaya Bank recently?

A	Aegon Life Insurance Company
B	IDBI Federal Life Insurance
C	Aviva India
D	Bajaj Allianz General Insurance

Explanation:

Detailed explanation-1: -This corporate agency agreement will enable distribution of Bajaj Allianz General Insurance products through bank’s extensive network of 2, 129 branches across the country.

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: -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-4: -HDFC Bank has finalised a new bancassurance partner in Bajaj Allianz General Insurance Company, sources in the bank said.

Detailed explanation-5: -Bajaj Allianz General Insurance Company Limited is a joint venture between Allianz SE, the world’s leading insurer, and Bajaj Finserv Limited. The Company received the certificate of registration from IRDA on 2nd May 2001 to conduct general insurance business in India.

There is 1 question to complete.