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Axis Bank to explore long-term strategic partnership with Max Life

Axis Bank to explore long-term strategic partnership with Max Life

Kolkata, Feb 20 (UNI) Axis Bank, Max Financial Services Limited (MFS) and its subsidiary Max Life Insurance Company Limited (Max Life) today signed a confidentiality and exclusivity arrangement to explore the possibility of Axis Bank entering into a long-term strategic partnership with Max Life.
Max Life is currently the largest non-bank owned private life insurer in India. Max Financial Services presently holds a 72.5% stake in Max Life while Mitsui Sumitomo Insurance and Axis Bank hold 25.5% and 2.0% stake respectively.
Axis Bank and Max Life have had a successful bancassurace (banca) arrangement for nearly a decade. The new premium generated through this banca arrangement has aggregated to over Rs 12,000 crore over this period, while maintaining high persistency.

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Our stand remains same for justice to qualified candidates: BJP on SC verdict

07 May 2024 | 9:47 PM

Kolkata, May 7 (UNI) Reacting to the Supreme Court order for interim stay on Calcutta High Court's decision, which declared the entire panel of 2016 SSC teachers' recruitment null and void, the BJP on Tuesday said, " Our stand remains the same for justice to the qualified candidates" in the alleged recruitment scam.

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Mamata happy with SC verdict on SSC recruitment in Bengal

Mamata happy with SC verdict on SSC recruitment in Bengal

07 May 2024 | 9:36 PM

Kolkata, May 7 (UNI) West Bengal Chief Minister Mamata Banerjee on Tuesday expressed her happiness with the Supreme Court verdict ordering an interim stay on the Calcutta High Court judgment which declared the entire panel of SSC teachers recruited in 2016 null and void.

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Itanagar DC expresses disappointment over slow progress of highway work

07 May 2024 | 8:56 PM

Itanagar, May 7 (UNI) Itanagar Capital Complex Deputy Commissioner cum Nodal Officer (NH-415) Shweta Nagarkoti Mehta has expressed her disappointment over the slow progress of the work on the Pappu Nallah-Nirjuli stretch of NH-415 under Package-B. She urged the contracting agency to speed up the work and complete it within the stipulated time, official sources said on Tuesday.

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Odisha: Residential school girls get lessons on good & bad touch

07 May 2024 | 8:48 PM

Bhubaneswar, May 7 (UNI) The ST&SC Development, Minorities and Backward Classes Welfare Department of Odisha government has launched a massive awareness campaign to make the girls boarders of SSD Residential Schools know what is a good touch and bad touch.

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Arunachal Guv greets people on World Red Cross Day eve

07 May 2024 | 7:47 PM

Itanagar, May 7 (UNI) Arunachal Pradesh Governor Lt General (Retd) KT Parnaik has extended his good wishes to the people of the State, particularly the Red Cross volunteers, on the eve of World Red Cross Day, which commemorates the birth anniversary of Sir Jean Henry Dunant, the founder of the Red Cross Movement.

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