Which bank announced that it had entered into agreements with private insurers Cigna TTK and Reliance General Insurance to provide health and general insurance services to its customers?

Tamilnadu Mercantile Bank

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Bank of Baroda

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Maharashtra Bank

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Andhra Bank

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None of these

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Solution

The correct option is D Andhra Bank
Andhra Bank announced that it had entered into agreements with private insurers Cigna TTK and Reliance General Insurance to provide health and general insurance services to its customers.

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Y Ltd. is a bank, functioning in India. It is planning to diversify into the insurance business. Lately, the Government of India has allowed the private sector to gain entry in the insurance business. Previously, it was the prerogative of LIC and GIC to do insurance business. But now with a liberalisation of the economy and to make the field competitive other companies have been given licences to start the insurance business under the regulation of 'Insurance Regulatory and Development Authority'. Y Ltd. plans to recruit high-quality employees and agents and exercise effective direction to capture a substantial part of life and non-life insurance business.

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Which bank announced that it had entered into agreements with private insurers Cigna TTK and Reliance General Insurance to provide health and general insurance services to its customers?

The correct option is D Andhra BankAndhra Bank announced that it had entered into agreements with private insurers Cigna TTK and Reliance General Insurance to provide health and general insurance services to its customers.

The correct option is D Andhra Bank
Andhra Bank announced that it had entered into agreements with private insurers Cigna TTK and Reliance General Insurance to provide health and general insurance services to its customers.