CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
With Which insurance does Karnataka Bank inks the agreement recently?
A
HDFC Life Insurance
B
Life Insurance Corporation Of India
C
Bharti AXA Life Insurance
D
Edelweiss Tokio Life Insurance Company
Explanation: 

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. C) Karnataka Bank shall render necessary support for Policy/Claims related matters.

Detailed explanation-2: -IndiaFirst Life e-Term Plus Plan.

Detailed explanation-3: -Over the years the Bank grew with the merger of Sringeri Sharada Bank Ltd., Chitradurga Bank Ltd. and Bank of Karnataka.

Detailed explanation-4: -In September 2003, the bank shifted its head office from Kodialbail to Kankanady. In 2021, Karnataka Bank Limited operationalized its wholly owned non-financial subsidiary KBL Services Limited with its registered and head office at Bangalore.

There is 1 question to complete.