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Axis Bank says followed all rules in Max Life Insurance deal

by AIP Online Bureau | Oct 20, 2022 | Banking & Bancassurance, Indian News, Life

The statement comes against the backdrop of two orders by the insurance sector watchdog Irdai in the last few days, wherein Max has been fined Rs 3 crore while a penalty of Rs 2 crore has been imposed on the bank regarding the deal on concerns over valuations Mumbai:...

India sees strong financial security, tepid growth in life insurance ownership and awareness: Max Life Survey

by AIP Online Bureau | Feb 23, 2022 | Health, Indian News, Life, Pandemic

Term insurance witnessed an uptake in the last two years, with ownership rising to a significant 43% from 39% last year. The survey also reflects an increased ownership of other life-insurance products amongst urban Indians such as savings and market-linked plans. New...
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