Current Affairs - Finance - Discussion

Discussion Forum : Finance - Latest Current Affairs (Q.No. 164)

2024-03-04 Finance

164.

What type of insurance broker license did Policybazaar Insurance Brokers receive approval for from IRDAI?

Life Insurance

General Insurance

Composite Insurance

Health Insurance

Answer: Option

Explanation:

Policybazaar Insurance Brokers, a subsidiary of PB Fintech, received approval from IRDAI to transition to a composite insurance broker. This allows Policybazaar to offer a combination of reinsurance, general insurance, and life insurance products, broadening its scope in the insurance market.