‘Business Kisht Suraksha’—HDFC Ergo General Insurance

Current Context: The HDFC Ergo General Insurance has launched ‘Business Kisht Suraksha’ insurance cover.

• ‘Business Kisht Suraksha’ is an insurance cover that offers financial protection to the balance sheets of Microfinance Institutions, financial institutions and banks in the case of any natural calamity or disasters.
• This insurance cover was launched with an aim to reduce the negative impacts on balance sheets which occur due to non-payment of EMIs by the borrower, or due to natural calamity like earthquake, cyclones and floods.
• This insurance cover will thus protect financial institutions against increasing NPAs due to natural calamities and disaster conditions.
• The insurance cover comes in a customised format for MFIs or financial institutions. It can also be customised based on the geographical status of the borrower, MFI or financial institutions i.e depending upon the climatic status of the area.
• The MFI or financial institutions can also select the number of EMIs for the insurance coverage depending upon the exposure of the lender.
• Static Part: 
• HQ of HDFC Ergo General Insurance: Mumbai

Question: 

Q.1 Which organisation launched ‘Business Kisht Suraksha’ insurance cover?
a. HDFC Ergo General Insurance
b. Bajaj Allianz General Insurance
c. The Oriental Insurance Company
d. Universal Sompo General Insurance Company