CURRENT AFFAIRS

Detailed explanation-1: -Answer: Option D Explanation: City Union Bank (CUB) and Shriram General Insurance inked an agreement in a corporate setup to offer Shriram General Insurance’s insurance products.

Detailed explanation-2: -City Union Bank (CUB) and Shriram General Insurance, on Friday, signed a corporate agency agreement, where the bank will distribute the latter’s insurance products through its network of 727 branches across India.

Detailed explanation-3: -Shriram General Insurance is engaged in commercial and retail vehicle insurance, home insurance and travel insurance. It is a joint venture between Shriram Group and Sanlam. Shriram Financial Ventures is the holding company and promoter of Shriram Group’s financial services and insurance businesses.

Detailed explanation-4: -Shriram General Insurance has also achieved so many awards previously which are ‘’Best Product Innovation Non-Life Insurance Award 2022”, ‘’Best Claim Settlement Non-Life Insurance Award 2022”, ‘’Best General Insurance Company of the year 2019”, Amiable insurer in the Non-Life Insurance 2018”and many more.

Detailed explanation-5: -Union Bank of India having the most diversified network of over 4200 branches has entered into Corporate Agency tie up with Bajaj Allianz General Insurance Co Ltd to offer its customers; quality general insurance products at competitive rates.