CURRENT AFFAIRS

2019

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
With which of the following company SBI Life Insurance signs corporate agency agreement to provide SBI Life’s range of products to its customers?
A
Bajaj Finserv
B
Repco Home Finance
C
LIC Housing Finance
D
PNB Housing Finance Limited
Explanation: 

Detailed explanation-1: -SBI Life Insurance on Tuesday said it has signed a corporate agency agreement with city-based Repco Home Finance Ltd to offer the company’s range of products to RHFL 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: -Our Company was incorporated at Mumbai on October 11, 2000 as SBI Life Insurance Company Limited, a public limited company under the Companies Act, 1956 and received a certificate of commencement of business on November 20, 2000.

Detailed explanation-4: -To address this well and live up to our brand that resonates with “trust”, we have derived the tagline - Security and Trust, both which in Hindi reads as – Suraksha and Bharosa, Dono.”

Detailed explanation-5: -SBI Life Insurance (’SBI Life’ / ‘The Company’), one of the most trusted life insurance companies in India, was incorporated in October 2000 and is registered with the Insurance Regulatory and Development Authority of India (IRDAI) in March 2001.

There is 1 question to complete.