Question

What is the role of bancassurance in the distribution of insurance products?

a.

Selling insurance products directly to customers

b.

Acting as intermediaries between insurance companies and customers

c.

Selling insurance products through banks

d.

None of the above

Answer: (c).Selling insurance products through banks Explanation:Bancassurance involves banks selling insurance products of the company to which they are tied, earning their remuneration from the company as commission.

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Q. What is the role of bancassurance in the distribution of insurance products?

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