Economics · Banking System
What is understood by the term 'Bancassurance'?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A credit guarantee scheme provided to small industries by commercial banks
- 2An arrangement where banks sell insurance products of an insurance company✓
- 3A comprehensive group health insurance scheme for bank employees
- 4An insurance scheme managed by the government for bank deposits
Correct answer
An arrangement where banks sell insurance products of an insurance company
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