Which Insurance companies are jointly partnered with Standard Chartered Bank in August 2023?

Today General Knowledge(GK)

Life Insurance Corporation and ICICI Lombard

ICICI Lombard and New India Assurance

Star Health and Allied Insurance

New India Assurance and Max Life Insurance

Correct Answer : Option (C) - Star Health and Allied Insurance

Star Health and Allied Insurance (Star Health), a standalone health insurer, has entered into a strategic corporate alliance with Standard Chartered Bank (SCB).

Under this tie-up, SCB will offer Star Health’s insurance products through their extensive branch network across India. SCB currently has 100 branches spread across 42 cities.

With this branch network, SCB will serve as a convenient one-stop destination for its customers seeking comprehensive health insurance coverage.

Bancassurance is an insurance distribution model where insurance companies partner with banks to sell policies. Both the bank and the insurance company get to benefit from this arrangement. While the bank earns a commission from the insurance company, the insurer gains from the bank’s distribution network.

This strategic alliance will enhance Star Health’s distribution network. As of June 30, 2023, the standalone health insurer had over 6.4 lakh agents and 38 bancassurance partners.

Anand Roy, MD and CEO, Star Health and Allied Insurance Co. Ltd., said, “Our health insurance policies are crafted to cater to the varied health insurance requirements of individuals, offering holistic protection for every customer.

By collaborating with Standard Chartered, we not only expand the reach but also deliver top-tier services that align with the needs of India’s affluent clientele.”

Saurabh Jain, MD & Head, Wealth Management India, Standard Chartered Bank, said, “Health and protection are key needs today for clients managing their wealth, with Standard Chartered’s Wealth Expectancy Report for 2022 revealing that over 54 per cent of respondents in India have prioritised health and wellness post-pandemic. We are pleased to partner with Star Health and bring their products and services to address the evolving health needs of our clients.”

The escalating healthcare costs in India have resulted in an unprecedented surge in the demand for health insurance. Customers now require comprehensive policies that cater to their medical requirements, encompassing benefits such as OPD Care, Hospi Cash, and Critical Illness Coverage.

This partnership will help increase insurance penetration in India and contribute to Star Health’s endeavor to make quality health insurance accessible to everyone in every part of the country..

Source : The Hindu Businessline

Published On : August 8, 2023

Category : Insurance and Finance

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NIPFP Forecasts India’s FY25 GDP Growth at____.

5.8%

6.3%

6.7%

7.1%

Correct Answer : 7.1%

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Q .

Where is the Archery World Cup 2024 being organized?

China

India

Malaysia

South Korea

Correct Answer : China

The Archery World Cup 2024 has begun 23rd April 2024 in Shanghai, China. India’s Jyothi Surekha Vennam finished second in the women’s compound qualification round at Stage I.

The 27-year-old Asian Games gold medallist shot a score of 711 to finish behind Andrea Becerra of Mexico, who had a score of 713.

Meanwhile, the reigning world champion from India, Aditi Swami, finished eighth in the qualification round with a score of 704. The other two Indians, Parneet Kaur (703) and Avneet Kaur (696) finished 14th and 23rd, respectively.

The Indian women’s team, comprising top three scorers Vennam, Swami, and Parneet, finished as the best team in the qualification round with a total score of 2118. The Indian women’s team will, thus, start as the top seeds in the competition, ahead of South Korea (2117) and Mexico (2116). The teams are ranked by adding the individual scores of the top three archers from the country.

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Source : AIR

Published On : April 25, 2024

Category : Sports

Q .

Who has been appointed as the brand ambassador of ICC Men's T20 World Cup 2024?

MS Dhoni

Lionel Messi

Usain Bolt

Sachin Tendulkar

Correct Answer : Usain Bolt

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* In the 2008 Beijing Olympics, Bolt won gold in the men’s 100-metre, 200 metres and 4x100 metres. He created a new world record in all three events.

* At the 2012 London Olympics, he again won gold medals in the 100 metres, 200 metres and 4x100 metres.

* Finally, in the 2016 Rio Olympics, he won gold in 100 metres, 200 metres and 4x100 metres.

* Bolt currently holds world records in the 100 metres, 200 metres and 4x100 metres with times of 9.58 seconds, 19.19 seconds and 36.84 seconds, respectively.

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Published On : April 25, 2024

Category : Sports