Question
Download Solution PDFShagun – Gift an insurance’ policy is launched by which of the following?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is SBI General Insurance.
- SBI General Insurance, one of the leading general insurance companies in India, announced the launch of first-of-its-kind offering, ‘Shagun – Gift an Insurance”, a unique gift of Personal Accident policy.
Key Points
- The product was filed by SBI General under the Insurance Regulatory and Development Authority’s (IRDAI) Sandbox regulations.
- The key differentiating feature of the policy is that it can be gifted to anyone you want, which means it is not necessary for the policy buyer to be related to the insured.
Additional Information
- State Bank of India is an Indian multinational, public sector banking and financial services statutory body.
- Chairperson: Dinesh Kumar Khara
- Headquarters: Mumbai
- Founded: 1st July 1955
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