SBM Bank Bancassurance Partnership Revealed
SBM Bank India established a strategic bancassurance partnership agreement.
- Partner Company: The partnership was formed with ICICI Prudential Life Insurance Co. Ltd.
- Timing: This agreement was entered into in May 2025.
- Objective: Bancassurance involves banks distributing insurance products, leveraging the bank's customer base.
This collaboration allows SBM Bank India to offer life insurance products from ICICI Prudential Life Insurance to its customers.
Important Questions from Banking Affairs
As per the provisions of Union Budget 2021-22, how many public sector banks have been lined up for disinvestment?
What is the repo rate given by the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) as on 7 April 2021?
On 25 September 2020,_________ announced that they will launch a contactless debit card-based payment facility through phones called 'Safe Pay', allowing transactions up to ₹20,000 per day.
In November 2020, India and _________ jointly launched Phase 2 of the Rupay card.
In November 2020, the Union Cabinet of India approved the merger of capital-starved Lakshmi Vilas Bank (LVB) with _______________.
