CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following public sector bank has signed a corporate agency agreement with Cholamandalam General Insurance Company for distribution of insurance products
A
Indian Bank
B
UCO Bank
C
Canara Bank
D
Oriental Bank
Explanation: 

Detailed explanation-1: -Chennai: Tamilnad Mercantile Bank (TMB) has tied up with Cholamandalam MS General Insurance Company Ltd and Max Life Insurance Company to offer insurance products through the bank.

Detailed explanation-2: -You can track your Chola MS mediclaim policy claim status by sending SMS “CHOLA” to 56677 . Similarly, you can check the policy details, like your claim number, and any other policy-related information.

Detailed explanation-3: -Promoted by M.A. M Arunachalam M V Murugappa and M V Subbiah on 17 August 1978 as a public limited company Cholamandalam Investment and Finance Company (CIFCL) belonging to the Murugappa Group commenced business on 22 Nov. ‘78. In 1986 Standard Chartered Bank (SCB) took up a 28% stake which was later increased to 30%.

There is 1 question to complete.