2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bajaj Alliance
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LIC
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Bharti AXA
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Birla Sun lIfe
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Detailed explanation-1: -The combined entity shall have a market share of 8.6%* on pro-forma basis. Through this proposed transaction, ICICI Lombard General Insurance shall be able to augment its distribution strength with erstwhile Bharti AXA General Insurance’s existing distribution partnerships.
Detailed explanation-2: -The scheme of arrangement between Bharti AXA and ICICI Lombard came into effect on September 8, 2021.
Detailed explanation-3: -ICICI Lombard’s combined ratio - the sum of incurred losses and expenses divided by the premium earned - was at about 101% before the merger and has worsened to 104% after the Bharti takeover. The combined ratio is a measure of an insurance company’s profitability.
Detailed explanation-4: -Company Information ICICI Pru life offer products various Life Insurance by, one of the best Life Insurance companies in India. ICICI Lombard is among India’s leading general insurance companies. Explore the wide range of insurance policies for health, motor, travel, home & more.