Correct Answer :   Bandhan Life Insurance

Bandhan Life Insurance, formerly known as Aegon Life Insurance, has rebranded itself with the tagline ‘Bharat Ki Udaan, Bandhan Se’, reflecting its commitment to empowering the aspirations of India. Under the ownership of Bandhan Financial Holdings, the company is embarking on an aggressive growth strategy, aiming to recruit 1,000 new employees and expand its customer base.

Transition and Vision :

Satishwar B., MD and CEO of Bandhan Life, emphasizes the transformative nature of this transition as the company joins the renowned Bandhan Group. With a vision set for the next five years, Bandhan Life aims to emerge as a leading multi-channel insurance provider, focusing on digital innovation, robust distribution, and service excellence.

Enhanced Offerings and Brand Identity :

The revamped product names, such as Bandhan Life iTerm Prime, signal a shift towards a more comprehensive and customer-centric approach. The new logo, depicting a growing bud, symbolizes the company’s dedication to nurturing the dreams and aspirations of India. Customers are encouraged to explore these enhanced offerings on the company’s website, reflecting Bandhan Life’s commitment to providing value across all relevant product categories.

Correct Answer :   SBI Life Insurance

SBI Life Insurance has inaugurated IdeationX, a groundbreaking initiative aimed at fostering life insurance innovation. This initiative encourages future leaders from top B-Schools to devise unconventional solutions that cater to evolving consumer needs in the insurance sector.

Engaging B-Schools for Innovation :

IdeationX targets students from prestigious B-Schools nationwide, urging them to think creatively and present innovative life insurance solutions.

Inaugural Edition Success :

The inaugural edition witnessed participation from over 1000 students representing renowned B-Schools such as NIA, NIRMA, SIES, KJ Somaiya, IMI, BML Munjal, IMT, and XIME. Following rigorous screening, 320 students advanced to the final round, comprising eight teams of five.

XIME-Bangalore Emerges Victorious :

The triumphant team from XIME-Bangalore clinched the esteemed title of SBI Life IdeationX winner, showcasing exceptional creativity and problem-solving skills.

Visionary Insights from SBI Life :

Mr. Subhendu Bal, Chief Actuary & Chief Risk Officer at SBI Life Insurance, expressed gratitude for the overwhelming response to IdeationX. He emphasized the importance of nurturing early problem-solving skills among management students to cultivate future industry leaders.

Shaping the Future of Insurance :

Mr. Bal underscored the significance of inspiring future leaders to envision universal insurance coverage by 2047. He praised the passion and dedication of the participants, highlighting their potential to reshape the life insurance landscape and contribute to the socio-economic development of the nation.

Correct Answer :   Policybazaar

ICICI Lombard has teamed up with Policybazaar to leverage its digital platform and reach 10 million customers with a range of insurance products, including motor, health, travel, home, and business insurance. This partnership aims to enhance insurance accessibility and distribution across India.