Max Life Insurance Form Axis Bank

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Max life insurance form axis bank. Neft mandate form attested by bank authorities along with a cancelled. From max financial services ltd the flagship listed company of analjit singh for 1 600 crore two people familiar with the development told et. Axis bank nse 2 22 is set to acquire nearly 30 of max life insurance co. The bank will now purchase a 17 stake in max life compared with 29 proposed in april it said in a stock exchange filing.

104l098v03 is only the name of the unit linked life insurance contract and does not in any way indicate the quality of the contract its future prospects or returns. Cover arranged by axis bank for its customers under digit illness group insurance policy uin godhlgp20142v011920. Axis bank limited bombay dyeing mills compound pandurang budhkar marg worli mumbai 400 025. The purchase of a max life insurance product by axis bank s customer is purely on a voluntary basis.

Axis bank to acquire 30 of max life for rs 1 600 cr new delhi. In terms of the earlier agreement max financial was to divest a 28 6 stake in its insurance arm for rs 1 600 crore which values the company at rs 5 667 crore. Max life insurance offers a wide range of products that are suitable for all your changing needs. Apply for max life online term plan plus with axis bank which provides a secure financial future for your loved ones against the risks of death disease disability.

Axis bank can exercise a put option on max financial to sell all its shares in max life at a price of rs 294 apiece within nine months of such a move. In april axis bank said it will raise its stake in max life insurance to 30 percent from 1 percent after purchasing shares from max financial services mfs for nearly rs 1 600 crore. Is the corporate agent of max life insurance co. Buy the right product now based on your needs and lead a stress free life.

Axis bank in partnership with max life insurance bajaj allianz life insurance and lic of india offers a variety of solutions that combine savings and protection for different life stages. Participation to group insurance is voluntary. Explore our plans and choose a plan that is most suitable to your life stage.