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NSDL Payments Bank partnered with HDFC ERGO

Published on November 25, 2020
Current Context: The NSDL Payments Bank Limited has entered into a partnership with HDFC ERGO General Insurance Company.
NSDL Payments Bank partnered with HDFC ERGO
  • They have entered into a partnership with an aim to offer general insurance products to customers through NSDL Jiffy, which is a mobile bank application. 
  • This partnership will help to integrate NSDL Payment Bank’s network and HDFC’s innovation pipeline which will contribute to the financial inclusion in the country.
  • This partnership will offer financial protection under one roof with complete financial security. 
  • The partnership will be the one-stop-shop platform for all banking and insurance transactions for the customers. 
  • Static Part: 
    • HQ of NSDL Payments Bank Limited: Mumbai
    • Chairman of NSDL Payments Bank Limited: G V Nageswara Rao
    • HQ of HDFC ERGO General Insurance Company: Mumbai
    • Chairman of HDFC ERGO General Insurance Company: Deepak Parekh

Question: 

Q.1 With whom NSDL Payments Bank Limited has entered into a partnership to offer general insurance products to customers through NSDL Jiffy?
a. ICICI Lombard
b. HDFC ERGO General Insurance Company
c. Tata AIG General Insurance Company Limited
d. Max Bupa Health Insurance Company Limited
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