2019
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Star Health Insurance
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Max Bupa
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Max Life Insurance
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Apollo Munich Health Insurance
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Detailed explanation-1: -SBI Life Insurance with the state-owned Indian Bank has tied up to enter into a. This will enable them to offer solutions to financial plannings that are holistic to the customers of the Indian Bank.
Detailed explanation-2: -10. Birla Sun Life - The first bancassurance policy in India was sold by Birla Sun.
Detailed explanation-3: -Mumbai: Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Ltd (ABCL), on Wednesday announced a bancassurance partnership with Bharat Co-operative Bank (Mumbai) Ltd.
Detailed explanation-4: -Definition: Bancassurance means selling insurance product through banks. Banks and insurance company come up in a partnership wherein the bank sells the tied insurance company’s insurance products to its clients.
Detailed explanation-5: -Bancassurance is an arrangement between a bank and an insurance company, through which the insurer can sell its products to the bank’s customers. The insurance company benefits from increased sales and a broader client base without having to expand its sales force.