CURRENT AFFAIRS

Detailed explanation-1: -Through this alliance the customers of SBM Bank India will be empowered with protection and comprehensive financial planning solutions from the product portfolio of Bharti AXA Life Insurance.

Detailed explanation-2: -Detailed Solution. The correct answer is Bharti AXA Life Insurance. Bharti AXA Life Insurance has entered into a bancassurance partnership with Shivalik Small Finance Bank.

Detailed explanation-3: -The partnership will provide AU Small Finance Bank’s diverse customers access to ICICI Lombard’s portfolio and enhance penetration across India. The entire suite of products will be offered across 980+ banking touchpoints spread over 20 States and 2 Union Territories.

Detailed explanation-4: -Uco Bank as Corporate Agent In Bancassurance - Non-life Business, the Bank is a Corporate for Two General Insurance Companies under Corporate Agency tie-up arrangement and selling Insurance Products for these two Insurance Companies.

Detailed explanation-5: -CHENNAI: Tata AIA Life Insurance Co Ltd and City Union Bank (CUB) have announced an alliance to offer life and health insurance solutions to the bank’s consumers.