CURRENT AFFAIRS

Detailed explanation-1: -Union Bank of India operates through over 4200+ branches across the country.

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

Detailed explanation-3: -About SUDLife. Founded in 2009, Star Union Dai-ichi Life Insurance (SUD Life) is a joint venture between two of India’s leading public sector banks, Bank of India and Union Bank of India, and Dai-ichi Life Holdings, a leading life insurance company in Japan.

Detailed explanation-4: -Axis Bank Limited has entered into a corporate agency agreement with ICICI Lombard General Insurance Company Limited in the year 2021.

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.