Correct Answer : Bank of Baroda and Andhra Bank
It is a joint venture between two of India’s public sector banks – Bank of Baroda (44%) and Andhra Bank (30%), and UK’s financial and investment company Legal & General(26%). It was incorporated in November, 2009. It has its headquarters in Mumbai.
Correct Answer : Premium
Insurance companies collect a fixed amount from their customers at a fixed interval of time. This amount is called Premium.
Correct Answer : Life Insurance Corporation of India
Life Insurance Corporation of India is the only public sector company among the life insurers.
Correct Answer : The Oriental Insurace Company
New India Assurance Company Limited, National Insurance Company Limited, The Oriental Insurance Company, United India Insurance, Agricultural Insurance Company of India are the major general insurance companies in India. Bajaj Allianz General Insurance, ICICI Lombard General Insurance, IFFCO-Tokio General Insurance, Reliance General Insurance, Royal Sundaram Alliance Insurance, TATA AIG General Insurance, Cholamandalam General Insurance, HDFC Ergo are the major general insurance private sector companies in India.
Correct Answer : Personal accident insurance
Whole life, Endowment, Term, Investment-linked, Life annuity plan, Medical and health are the main products of life insurance. Motor insurance, Fire/House owners/Householders insurance, Personal accident insurance, Medical and health insurance, Travel insurance are the main products of general insurance.
Correct Answer : 1750 BC
Correct Answer : Bharti AXA Life
Correct Answer : It insures a property of a married woma
Correct Answer : Reinsurance
Correct Answer : Indemnity
