ESAF SFB & Edelweiss Tokio Life partners to offer Life Insurance Products

Current Context: ESAF Small Finance Bank has entered into a bancassurance partnership with Edelweiss Tokio Life Insurance on 2nd February 2024.

• This partnership aims to enhance the accessibility of innovative life insurance products, leveraging ESAF Small Finance Bank’s presence in rural markets across India.
• K. Paul Thomas, MD and CEO of ESAF Small Finance Bank, stated that this partnership aligns with their goal of providing their customers with a broad range of financial solutions.
• By extending the reach of life insurance to underserved communities, they are taking a significant step towards inclusive financial security.
• Sumit Rai, MD & CEO of Edelweiss Tokio Life Insurance, also expressed that their partnership with ESAF Small Finance Bank will enable them to cement their leadership in this region.
• They plan to collaborate with the Bank to improve their customer understanding in the region to bring innovative and relevant insurance solutions.

Question:

Q.1 Who is the MD and CEO of ESAF Small Finance Bank?
a. Sumit Rai
b. K. Paul Thomas
c. Ratan Tata
d. Mukesh Ambani