Axis Bank becomes a co-promoter of Max Life
Posted On: 2021-04-06 10:17:41 (Time Zone: Arizona, USA)
Axis Bank Limited ( Axis Bank ), India s third largest private sector bank, together with its subsidiaries Axis Capital Limited and Axis Securities Limited (collectively referred to as Axis Entities ) have become the co-promoters of Max Life Insurance Company Limited ( Max Life ), after completion of the acquisition of 12.99 % stake collectively by the Axis Entities in India s fourth largest private life insurance firm - Max Life. The Board of Max Life recorded the closure of the deal today.
The transaction was completed after the Insurance Regulatory and Development Authority of India (IRDAI) gave its formal approval in February this year. Max Life s holding company Max Financial Services Limited ( MFSL ) and Axis Bank had first announced their intent to bring in the latter as a strategic partner in Max Life in February 2020.
Max Life Insurance selects four startups for InsurTech collaboration under its flagship Max Life Innovation Labs 2 0 accelerator program
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Max Life Insurance selects four startups for InsurTech collaboration under its flagship Max Life Innovation Labs 2 0 accelerator program
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Share Market News: BPCL, Reliance, Future Retail, Indian Bank, HPCL, HUDCO will be in focus
Shares of BPCL, Reliance, Future Retail, Indian Bank, HPCL, HUDCO, Kotak Mahindra Bank, SBI Cards, Power Finance Corporation and Max Financial Services will be in focus in Wednesday s trading session
BusinessToday.In | March 10, 2021 | Updated 09:27 IST
Stocks to watch today: Reliance, Future Retail, Indian Bank, HPCL, HUDCO, Kotak Mahindra Bank, SBI Card, BPCL
The BSE Sensex and NSE Nifty are likely to open higher on Wednesday on the back of positive global cues firm trading at Nifty futures on the Singapore Exchange. The SGX Nifty was trading 118 points or 0.78 per cent higher at 15,263.50, indicating a positive start at Dalal Street. Among the individual stocks, shares of BPCL, Reliance, Future Retail, Indian Bank, HPCL, HUDCO, Kotak Mahindra Bank, SBI Cards, Power Finance Corporation and Max Financial Services and others will be in focus in Wednesday s trading session.
New Delhi [India], March 8 (ANI/NewsVoir): Max Life Insurance Co. Ltd and YES BANK Limited today marked an important business milestone upon completing 16 years of their strategic bancassurance partnership.
Celebrating the milestone, the two companies have reiterated their commitment towards building a digitally enabled ecosystem that provides customers with a seamless experience in their financial planning and protection journey.
Over the last sixteen years, the companies together have sold approximately 3.89 lakh policies, and offered sum assured worth Rs 51,780 crores to policyholders and their families.
Commenting on the milestone, Prashant Tripathy, Managing Director and CEO, Max Life, said, The industry has been through an unprecedented period over the last one year, and it is on the back of long-standing and successful partnerships like YES BANK-Max Life that we have grown and served our customers without disruption.