BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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City Union Bank
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Karnataka Bank
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Kotak Mahindra Bank
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IDFC Bank
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Detailed explanation-1: -A) Karnataka Bank is a Corporate Agent and also a Master Policy Holder of KBL Suraksha. B) The Underwriting of risk, premium dues and payment of claims is as per the policy terms & conditions of the insurer.
Detailed explanation-2: -“KBL – Surkasha” is a unique Personal Accidednt Policy providing financial securities to the family members of our SB Account Customers. M/s Universal Sompo General Insurance Co Ltd, (M/s USGICL) is providing this insurance cover for accidental death.
Detailed explanation-3: -RULES FOR THE PRADHAN MANTRI SURAKSHA BIMA YOJANA (With effect from 1.6.2022) DETAILS OF THE SCHEME: PMSBY is an Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident. It would be a one-year cover, renewable from year to year.
Detailed explanation-4: -The Pradhan Mantri Suraksha Bima Yojana is a government-backed accident insurance scheme that covers accidental death, permanent disability, and partial disablement. Individuals between 18 years and 70 years are eligible to apply for this scheme.