CURRENT AFFAIRS

2019

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which banks signs a bancassurance pact with SBI Life Insurance to offer a comprehensive financial planning solution to its customers?

A	Punjab National Bank
B	IDBI Bank
C	Corporation Bank
D	Syndicate Bank

Explanation:

Detailed explanation-1: -The agreement was signed in the presence of Syndicate Bank MD and CEO Mrutyunjay Mahapatra and MD and CEO of SBI Life, Sanjeev Nautiyal, a bank release said. Syndicate Bank and SBI Life Insurance announced that they have signed a bancassurance pact to offer a comprehensive financial planning solution to its customers.

Detailed explanation-2: -Uco Bank as Corporate Agent In Bancassurance - Non-life Business, the Bank is a Corporate for Two General Insurance Companies under Corporate Agency tie-up arrangement and selling Insurance Products for these two Insurance Companies.

Detailed explanation-3: -ICICI Lombard enters into bancassurance tie-up with AU Small Finance Bank | Business Standard News.

Detailed explanation-4: -Mayank Bathwal, chief executive, Aditya Birla Health Insurance, said, “ This bancassurance partnership will help further strengthen our distribution and unlock growth opportunities through the Bank’s wide network.

There is 1 question to complete.