CURRENT AFFAIRS

Detailed explanation-1: -PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience.

Detailed explanation-2: -Through its network, CSC will offer Tata AIA Life POS Smart Income Plus plan that provides the dual advantage of a life cover combined with savings.

Detailed explanation-3: -Life Insurance Corporation of India (LIC) is the most comprehensive government life insurance and Investment Corporation for insurance coverage needs.

Detailed explanation-4: -Tata AIA was the leader in Retail sum assured among private Life insurers. The Retail sum assured for Q3 FY22 is INR 102, 520 Cr, a growth of 148% over the same period last year and a market share of 25.4% against 13.1%.

Detailed explanation-5: -As per corporate shareholdings filed for December 31, 2022, tata aia life insurance co ltd publicly holds 18 stocks with a net worth of over Rs. 3, 248.9 Cr.