CURRENT AFFAIRS

Detailed explanation-1: -Bajaj Allianz, Punjab & Sind Bank enter into corporate agency partnership. Public sector lender Punjab & Sind Bank and Bajaj Allianz Life Insurance on Wednesday entered into corporate agency partnership, under which bank customers can avail insurance products of the life insurer.

Detailed explanation-2: -Punjab & Sind Bank (PSB), a public sector bank, and Bajaj Allianz Life Insurance Company (BALIC) have entered into a Corporate Agency Partnership.

Detailed explanation-3: -CHENNAI: Tamilnad Mercantile Bank (TMB) and Bajaj Allianz Life Insurance have announced a partnership for bancassurance. Through the tie-up, the bank will sell term, annuity and other value-packed products of the life insurer in more than 500 branches.

Detailed explanation-4: -Bajaj Allianz General Insurance Company Limited is a joint venture between Allianz SE, the world’s leading insurer, and Bajaj Finserv Limited. The Company received the certificate of registration from IRDA on 2nd May 2001 to conduct general insurance business in India.

Detailed explanation-5: -Bajaj Allianz Life Insurance Company Limited is a Non-govt company, incorporated on 12 Mar, 2001. It’s a public unlisted company and is classified as’company limited by shares’.