CURRENT AFFAIRS

2020

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

IRDAI has approved the proposal of which bank to continue with its 30% holding in IndiaFirst Life?

A	Punjab National Bank
B	UCO Bank
C	Union Bank of India
D	Indian Overseas Bank

Explanation:

Detailed explanation-1: -Bank of Baroda to acquire 21% stake of Union Bank of India in IndiaFirst Life Insurance. Bank of Baroda will acquire a 21% stake in Union Bank of India in IndiaFirst Life Insurance Company Limited.

Detailed explanation-2: -India First Life insurance Company Limited Post amalgamation of eAB and eCB with Union bank of India, Union Bank is now distributing the products of India First Life Insurance Co. Ltd.

Detailed explanation-3: -1818: Oriental Life Insurance Company, the first life insurance company on Indian soil started functioning. 1870: Bombay Mutual Life Assurance Society, the first Indian life insurance company started its business.

There is 1 question to complete.