Multiple choice

Which among the following banks had entered into a ‘Bancassurance’ tie-up with Bajaj Allianz General Insurance Company for selling general insurance products through its network of offices?

  1. SBI

  2. HDFC

  3. ICICI

  4. UTI

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Bancassurance refers to banks selling insurance products through their distribution networks. UTI Bank entered into a bancassurance partnership with Bajaj Allianz General Insurance to distribute insurance products through its branch network, a common business model in banking.