[amp_mcq option1=”Two public sector banks and one general insurance company will be privatised” option2=”Initial Public Offering of Life Insurance Corporation will be implemented in the financial year 2021-22 as a mega IPO” option3=”Increase in PDI limits from 49 percent to 74 percent to help insurance companies to raise additional funds” option4=”All of the above” correct=”option3″]<\/p>\n
The correct answer is: C. Increase in PDI limits from 49 percent to 74 percent to help insurance companies to raise additional funds.<\/p>\n
The term “corporate agent” is used to describe a bank that distributes insurance products and insurance policies on behalf of an insurance company. In India, banks are allowed to act as corporate agents for insurance companies only if they have a valid license from the Insurance Regulatory and Development Authority of India (IRDAI).<\/p>\n
The IRDAI has recently increased the permissible limit for the participation of banks in the distribution of insurance products from 49 percent to 74 percent. This increase is expected to help insurance companies to raise additional funds and to expand their distribution network.<\/p>\n
The other options are not relevant to the question. Option A is about the privatization of two public sector banks and one general insurance company. Option B is about the initial public offering of Life Insurance Corporation of India. Option D is a combination of options A and B.<\/p>\n","protected":false},"excerpt":{"rendered":"
[amp_mcq option1=”Two public sector banks and one general insurance company will be privatised” option2=”Initial Public Offering of Life Insurance Corporation will be implemented in the financial year 2021-22 as a mega IPO” option3=”Increase in PDI limits from 49 percent to 74 percent to help insurance companies to raise additional funds” option4=”All of the above” correct=”option3″]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[699],"tags":[],"class_list":["post-33246","post","type-post","status-publish","format-standard","hentry","category-banking-and-financial-institutions","no-featured-image-padding"],"yoast_head":"\n