BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Bank has entered into a corporate agency agreement with Bajaj Allianz General Insurance and Cholamandalam MS General Insurance for distribution of their insurance products recently?
A
Central Bank of India
B
Indian Overseas Bank
C
Punjab National Bank
D
Union Bank of India
Explanation: 

Detailed explanation-1: -Union Bank of India having the most diversified network of over 4200 branches has entered into Corporate Agency tie up with Bajaj Allianz General Insurance Co Ltd to offer its customers; quality general insurance products at competitive rates.

Detailed explanation-2: -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-3: -Punjab & Sind Bank (PSB), a public sector bank, and Bajaj Allianz Life Insurance Company (BALIC) have entered into a Corporate Agency Partnership.

Detailed explanation-4: -J Venkatramu, MD & CEO, India Post Payments Bank, said, “IPPB is committed to fulfilling varied financial needs of our customers with affordable and accessible solutions, and our strategic partnership with Bajaj Allianz will go a long way in helping us realize that vision.

Detailed explanation-5: -HDFC Bank has finalised a new bancassurance partner in Bajaj Allianz General Insurance Company, sources in the bank said.

There is 1 question to complete.