Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.431)

431. 

Which bank has signed a bancassurance deal with private life insurer HDFC Life Insurance Company?

[A]. Corporation Bank
[B]. Bank Of Baroda
[C]. United Bank of India
[D]. Andhra Bank

Answer: Option C

Explanation:

United Bank of India has signed a bancassurance deal with private life insurer HDFC Life Insurance Company. Through this partnership, United Bank's customers will be able to take advantage of HDFC Life's expertise in life insurance products, distribution and customer service. United Bank has a strong presence in rural and semi-urban areas, with over 2,000 branches and offices, while HDFC Life is India's largest non-bank-promoted private life insurer.

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