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A ‘bancassurance’ pact was signed between which bank and SBI Life Insurance to sell the policies of the insurer in over 3,200 branches of the bank, on 31st December 2018?
  • a)
    Allahabad Bank
  • b)
    State Bank of India
  • c)
    Canara Bank
  • d)
    Federal Bank
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
A ‘bancassurance’ pact was signed between which bank and S...
On 31st December 2018, a ‘bancassurance’ pact was signed between State-owned Allahabad Bank and SBI Life Insurance to sell the policies of the insurer in over 3,200 branches of the Allahabad Bank. The agreement is considered as one of the largest Bancassurance partnerships in the country. The agreement was signed in the presence of Allahabad Bank Managing Director (MD) and Chief Executive Officer (CEO) Mallikarjuna Rao and SBI Life MD & CEO Sanjeev Nautiyal.
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A ‘bancassurance’ pact was signed between which bank and SBI Life Insurance to sell the policies of the insurer in over 3,200 branches of the bank, on 31st December 2018?a)Allahabad Bankb)State Bank of Indiac)Canara Bankd)Federal Banke)None of theseCorrect answer is option 'A'. Can you explain this answer?
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