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Karnataka Bank inks pact with HDFC Life to distribute life insurance products

Published on November 20, 2023
Current Context: Karnataka Bank signed a pact with HDFC Life Insurance Company Limited to distribute life insurance products on November 20, 2023. The partnership combines Karnataka Bank's banking experience with HDFC Life's expertise in life insurance products.
Karnataka Bank inks pact with HDFC Life to distribute life insurance products
  • The partnership aims to provide customers with innovative and customer-friendly solutions for financial security and life protection. 
  • Karnataka Bank's Executive Director Sekhar Rao says the association will give customers access to industry-leading products.
  • Karnataka Bank, a private sector lender headquartered in Mangaluru, India, has announced a strategic corporate tie-up with HDFC Life, one of India's leading private life insurance companies, to distribute life insurance products to its customers.
  • This partnership aims to provide customers with a comprehensive range of innovative and customer-centric financial solutions, particularly in the area of life insurance.
  • Under this agreement, Karnataka Bank's extensive network of branches across India will serve as distribution channels for HDFC Life's life insurance products.

Question:

Q.1 When was the agreement between Karnataka Bank and HDFC Life Insurance Company Limited signed?
a. November 18, 2023
b. November 19, 2023
c. November 20, 2023
d. November 21, 2023
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