Multiple Choice Questions on The insurance product lsquo Shagun ndash Gift an Insurance rsquo is an accident insurance policy lau........... for General Studies Current affairs Archives (UPSC) Preparation

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    The insurance product ‘Shagun – Gift an Insurance’ is an accident insurance policy launched by which company to gift to near and dear ones ?

    Reliance General Insurance

    Incorrect Answer

    HDFC ERGO General Insurance

    Incorrect Answer

    SBI General Insurance

    Correct Answer

    Bajaj Allianz General Insurance

    Incorrect Answer
    Explanation:
    • SBI General Insurance has launched first-of-its-kind insurance product called ‘Shagun – Gift an Insurance”, which is a unique gift of Personal Accident policy.
    • A Gift giver (policy buyer) can gift this product to anyone like family, friends, extended family and even domestic helpers, chauffeurs, drivers, cook, etc
    • Gift Receiver (insured) should be in the age group of 18 years to 65 years
    • Policy can be availed for up to 1 Year

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