Multiple choice general knowledge

Bank assurance means -.

  1. Assurance given by banks to Loanees

  2. Assurance to bank with one bank

  3. Assurance to repay loans

  4. Selling insurance products through banks
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Bancassurance (or bank assurance) is the partnership between banks and insurance companies where banks sell insurance products to their customers. The bank acts as a distribution channel, leveraging its customer base and branch network. It does NOT refer to loan repayment assurances or guarantees - it's specifically about insurance distribution through banking networks.

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