Paytm partnered with which of the following institutions to help customers make insurance premium payments online in November 2018?

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SSC MTS Previous Paper 28 (Held On: 19 August 2019 Shift 1)
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  1. Life Insurance Corporation
  2. United India Insurance
  3. Oriental Insurance Company
  4. General Insurance Company

Answer (Detailed Solution Below)

Option 1 : Life Insurance Corporation
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SSC MTS 2024 Official Paper (Held On: 01 Oct, 2024 Shift 1)
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90 Questions 150 Marks 90 Mins

Detailed Solution

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The Correct Answer is Option 1 i.e Life Insurance Corporation.

Digital payments service Paytm has entered into a partnership with Life Insurance Corp (LIC) to help customers make insurance premium payments, online in November 2018.

  • Life Insurance Corporation of India: It is an insurance group and investment corporation owned by the Government of India.
    • M R Kumar: Chairman of LIC
  • United India Insurance: It is a general insurance company, fully owned by the Government of India and is headquartered in Chennai.
    • Girish Radhakrishnan: Chairman and Managing Director.
  • Oriental Insurance Company: It is a public sector general insurance company of India and is headquartered in New Delhi.
    • A V Girija Kumar: Chairman-cum-Managing Director.
  • General Insurance Company: It is a state-owned enterprise in India and is headquartered in Mumbai.
    • Devesh Srivastava: Chairman-cum-Managing Director.
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