CURRENT AFFAIRS

Detailed explanation-1: -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-2: -SBI General Insurance Company Limited commenced its operations as a joint venture between State Bank of India (SBI) and Insurance Australia Group (IAG).

Detailed explanation-3: -General Insurance : SBI General Loan Insurance Policy. SBI General Insurance has launched Loan Insurance Policy that provides protection to an individual against three unfortunate events: loss of employment, critical illness (CI) and personal accident (PA). It covers 13 CIs with need to survive for 28 days or more.

Detailed explanation-4: -Answer: Option D Explanation: A bancassurance agreement has been reached between the Paschim Banga Gramin Bank and SBI Life Insurance.