2020
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which bank has announced a corporate agency agreement with Life Insurance Corporation of India (LIC) to distribute latter’s policies?
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SBI
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Union Bank of India
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Bank
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Andhra Bank
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Explanation:
Detailed explanation-1: -Life Insurance Corporation of India (LIC) and Union Bank of India, after its amalgamation with Corporation Bank and Andhra Bank, have announced a corporate agency agreement to distribute LIC policies.
Detailed explanation-2: -Axis Bank has entered into a corporate agency agreement with Life Insurance Corporation of India the largest public sector Life Insurance Company.
Detailed explanation-3: -Objectives Of LIC Spread Life Insurance widely and in particular to the rural areas and to the socially and economically backward classes with a view to reaching all insurable persons in the country and providing them adequate financial cover against death at a reasonable cost.
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