Insurance Australia General (IAG) had a 26% stake an Indian Insurance company, which it sold some time back. Name the Indian Bank. 

The Correct answer is SBI General Insurance.

Key Points

• Insurance Australia General (IAG) held a 26% stake in SBI General Insurance.
• SBI General Insurance is a joint venture between the State Bank of India (SBI) and other investors, including IAG.
• The decision to sell the stake was part of IAG's strategic review to focus on its core operations in Australia and New Zealand.
• SBI General Insurance offers a wide range of insurance products including motor, health, personal accident, travel, and home insurance.
• The sale of the stake by IAG was in line with its plan to reallocate capital to support its core business and to improve shareholder returns.

 Additional Information

• Life Insurance Corporation of India (LIC)
  • LIC is a government-owned insurance and investment corporation in India.
  • It was founded in 1956 and is headquartered in Mumbai.
  • LIC offers a variety of life insurance policies and investment products.
• HDFC Standard Life Insurance Co. Ltd.
  • HDFC Life is one of the leading long-term life insurance providers in India.
  • It is a joint venture between Housing Development Finance Corporation Limited (HDFC) and Standard Life Aberdeen.
  • HDFC Life offers a range of individual and group insurance solutions.
• Aditya Birla Sun Life Insurance Co. Ltd.
  • Aditya Birla Sun Life Insurance is a subsidiary of Aditya Birla Capital Limited.
  • It is a joint venture between the Aditya Birla Group and Sun Life Financial Inc., a leading international financial services organization from Canada.
  • The company offers a variety of life insurance solutions including protection, wealth with protection, children's future, and retirement.