CURRENT AFFAIRS

2021

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

SBI General Insurance announced a tie-up with which one to increase insurance penetration in the rural markets?

A	LIC
B	SahiPay
C	PhonePe
D	Bandhan Bank

Explanation:

Detailed explanation-1: -SBI General Insurance, one of India’s leading General Insurance companies, inked a Memorandum of Understanding (MoU) with Maharashtra State Rural Livelihood Mission (MSRLM), Government of Maharashtra to boost insurance penetration in rural India.

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: -SBI General has received numerous accolades for its products, services, and CSR initiatives, including the FICCI Insurance Industry Awards, awards organized by Outlook Money, Business Today – Money Today, ICC Social Impact Awards and InsureNext Awards.

Detailed explanation-4: -Arogya Sanjeevani Policy, SBI General Insurance Company Limited. The policy is a budget-friendly family health insurance plan that offers coverage from ₹50, 000 to ₹10 lakh.

Detailed explanation-5: -With a market share of 4.15%, SBI General is the sixth-largest private general insurer (multi-line) in the country and tenth-largest (including public insurers, excluding standalone health insurers) overall.

There is 1 question to complete.