CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
ICICI Lombard has decided to sell insurance products with the help of which bank?
A
SBI
B
BoB
C
Corporation Bank
D
Karur Vysya Bank
Explanation: 

Detailed explanation-1: -ICICI Lombard General Insurance is entering into a bancassurance tie-up with AU Small Finance Bank. The partnership will provide the bank’s diverse customers access to the insurer’s portfolio and enhance penetration across India.

Detailed explanation-2: -Established in 2001, ICICI Lombard General Insurance Company is a joint venture between ICICI Bank- India’s second largest bank and Fairfax Financial Holdings Limited- a financial services company based in Toronto.

Detailed explanation-3: -ICICI Bank on Thursday said ICICI Lombard General Insurance has ceased to be its subsidiary, as shareholding of the bank has come down to 48% after the merger of Bharti AXA with the insurer.

Detailed explanation-4: -Bhargav Dasgupta. Mr. Bhargav Dasgupta is the Managing Director and CEO of ICICI Lombard General Insurance Company Limited since May, 2009, the largest private sector general insurance company in India.

There is 1 question to complete.