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    Question

    Which is the provision of insurance products by a bank?

    A Credit Correct Answer Incorrect Answer
    B Loan Correct Answer Incorrect Answer
    C Bancassurance Correct Answer Incorrect Answer
    D Mortgages Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Bancassurance is an arrangement between a bank and an insurance company allowing the insurance company to sell its products to the bank's client base. This partnership arrangement can be profitable for both companies. Banks earn additional revenue by selling insurance products, and insurance companies expand their customer bases without increasing their sales force or paying agent and broker commissions.

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