CURRENT AFFAIRS

Detailed explanation-1: -Through the cooperation, SBI Life’s assortment of protection, wealth development, credit life, annuity, and savings products will be made available at all Paschim Banga Gramin Bank branches throughout West Bengal, therefore enhancing the region’s access to life insurance solutions.

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: -SBI Life is an Indian life insurance company which was started as a joint venture between State Bank of India (SBI) and French financial institution BNP Paribas Cardif. SBI has a 55.50% stake in the company and BNP Paribas Cardif owns a 0.22% stake. Other investors are Value Line Pte.

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

Detailed explanation-5: -SVC Bank ties up with SBI General Insurance as bancassurance partner | EquityBulls.