CURRENT AFFAIRS

Detailed explanation-1: -India Post Payments Bank (IPPB) is offering the product in partnership with Bajaj Allianz Life Insurance Company Ltd. (BALIC).

Detailed explanation-2: -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-3: -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.

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: -Tamilnad Mercantile Bank (TMB) has entered into a strategic alliance with Bajaj Allianz Life Insurance to sell term, annuity and other value-packed products of the private life insurer across its over 500 branches. An agreement to this effect was signed by the bank’s MD & CEO S.