CURRENT AFFAIRS

Detailed explanation-1: -Star Health and Allied Insurance said on June 27 it has signed a corporate agency agreement with IDFC First Bank, for distribution of its health insurance solutions.

Detailed explanation-2: -Star Health and IDFC FIRST Bank joined together to offer Bancassurance. For the distribution of its health insurance options, the insurer and IDFC FIRST Bank have inked a corporate agency agreement with a focus on going digital.

Detailed explanation-3: -Bancassurance in simple terms means marketing of insurance products under the same roof of a Bank branch. It thus facilitates a customer to carry out all his financial and investment needs with just a visit to his bank branch.

Detailed explanation-4: -The correct answer is Federal Bank. Federal Bank partnered with Star Health and Allied Insurance Co Ltd as a corporate agent to provide health insurance products to the bank’s customers.