Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1367)

2020-03-22 Banking

1367.

Which bank has introduced a 1 year-long Covid-19 Protection Cover?

HDFC

ICICI

RBI

SBI

Answer: Option

Explanation:

ICICI (Industrial Credit and Investment Corporation of India ) Lombard, a private sector non-life insurance company has introduced a 1 year-long "COVID-19 Protection Cover" at a premium of Rs. 149. Launched in group insurance mode, this policy will pay 100% of the sum insured to the COVID-19 positive individual, irrespective of hospitalization expenses.