Nippon Life Insurance has signed definitive agreements to invest Rs 2, 265 crore (US$ 332.32 million) in order to increase its stake in Reliance Life Insurance from 26 percent to 49 percent. Nippon Life Insurance based in

BANKING GENERAL KNOWLEDGE

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

A	Germany
B	Japan
C	Canada
D	USA

Explanation:

Detailed explanation-1: -The company holds Claim Settlement Ratio of 98.7% as on March 31, 2022.

Detailed explanation-2: -10.1 Guaranteed Surrender Value is equal to 30 percent of the total amount of premiums paid, excluding the premiums for the first year, premiums paid for the rider premiums and extra premium paid, if any less Money back benefits paid, if any.

Detailed explanation-3: -An insurer is only as good as its ability to service claims at the time of need and its solvency ratio remains the key to its financial health. We at RNLIC, have maintained a solvency ratio of 235% in FY22 which is significantly higher than the regulatory requirement of 150%.

Detailed explanation-4: -Call us at our Claims Care Number-1800-102-1010 between 9.00AM to 6.00PM (Monday to Saturday) Visit your nearest RNLIC branch. Email us at rnlife.claimsrelianceada.com. To submit your bank details, reply to our BITLY SMS.

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