Correct Answer : Life Insurance Corporation of India
Life Insurance Corporation of India (LIC) has received approval from the Reserve Bank of India to increase its stake to 99% in IndusInd Bank of the total issued and paid-up capital of the private sector lender. The approval will be valid for 1 year i.e., up to December 8, 2022. At present, LIC holds a 4.95% stake in the IndusInd Bank. Recently, LIC had also received a similar kind of approval from RBI to increase its stake in Kotak Mahindra Bank to 9.99%.
Correct Answer : Bajaj Allianz General Insurance
Correct Answer : HDFC Life Insurance
The Competition Commission of India (CCI) has approved the accquisition of 100% shareholding in Exide Life Insurance Company Limited by HDFC Life Insurance Company. The acquisition has been approved under Section 31(1) of the Competition Act, 2002.
Correct Answer : AIIB, ADB
Beijing-based multilateral development bank Asian Infrastructure Investment Bank (AIIB) and the Asian Development (ADB) will co-finance a USD 2 billion loan for India to procure COVID-19 vaccines under ADB’s Asia Pacific Vaccine Access Facility (APVAX).
Correct Answer : C.K. Mishra
The International Financial Services Centres Authority (IFSCA) has constituted an Expert Committee to recommend approach towards development of Sustainable Finance Hub at IFSC. The expert committee will be chaired by Shri C.K. Mishra, Former Secretary to Government of India, Ministry of Environment, Forest & Climate Change.
Correct Answer : PRAGATI
Correct Answer : LIC
Life Insurance Corporation of India recently launched a mobile app called “Ananda mobile app” for its agents and intermediaries in order to onboard the prospective customers. ANANDA stands for Atma Nirbhar Agents New Business Digital Application(ANANDA). ANANDA is the paperless solution for new business processes.
Correct Answer : Key-Person Insurance
Key person insurance is simply life insurance on the key person in a business. In a small business, this is usually the owner, the founders or perhaps a key employee or two.
Correct Answer : Renewable Term Insurance
Renewable Term is a clause in a term insurance contract that allows the beneficiary to extend the coverage term for a set period of time without having to re qualify for coverage.
Correct Answer : Unit Linked Investment Policies
