A) Insurance Joint Venture
B) Banc assurance Model
C) Hybrid Insurance Model
D) Insurance Broking
E) Integrated Model
Correct Answer: B
Solution :
The bank insurance model (BIM), also sometimes known as banc assurance, is the partnership or relationship between a bank and an insurance company whereby the insurance company uses the bank sales channel in order to sell insurance products, an arrangement in which a bank and an insurance company form-a partnership so that the Insurance company can sell its products to the bank's client base.
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