CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which insurance company has partnered with ZestMoney to offer credit insurance?
A
Bajaj Allianz
B
Policybazaar
C
ICICI Lombard
D
Acko General Insurance
Explanation: 

Detailed explanation-1: -ICICI Bank has announced that it has partnered with digital EMI/pay-later platform ZestMoney, to expand its ‘Cardless EMI’ facility for purchases on retail and e-commerce platforms.

Detailed explanation-2: -Yes, ACKO General Insurance is a verified company as it is licenced and certified by the Insurance Regulatory and Development Authority of India (IRDAI), the regulator of insurance companies in India.

Detailed explanation-3: -The company’s platform uses artificial intelligence and machine learning technology for risk profiling of customers who opt for EMI payment options and works with financial institutions and non-banking financial companies to give loans, enabling clients to build their credit profiles easily.

Detailed explanation-4: -ZestMoney is the largest and fastest growing consumer lending fintech company in India founded by Lizzie Chapman, Priya Sharma and Ashish Anantharaman in 2015.

There is 1 question to complete.