2012 · Q68
Bancassurance is :
Indian EconomyMoney and banking
- AAn insurance scheme to insure bank deposits
- BAn insurance scheme exclusively for bank employees
- CA composite financial service offering both bank and insurance products
- DA bank deposit scheme exclusively for employees of insurance companies
Explanation
Bancassurance is the composite financial service in which a bank sells insurance products alongside its banking products, typically by partnering with an insurer. It is not a deposit-insurance scheme, not a staff-only insurance plan, and not a deposit scheme for insurer employees. Hence option C.