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<p>The partnership underscores the shared commitment of both institutions to expand financial protection and strengthen insurance penetration across India.</p>


RBL Bank and LIC join hands for bancassurance business

<div>Insurance regulator IRDAI may introduce new rules aimed at reducing the heavy reliance on parent banks in bancassurance, sources told Zee Business.&nbsp;</div>


New rules on the cards to reduce heavy reliance on parent banks in bancassurance?

<p><span style="line-height: 20.8px;">Rajiv Anand, Executive Director &amp; Head Retail Banking, Axis Bank, added, “Banks have increased their role in Insurance distribution with Bancassurance being the biggest contributor. Over the last five years the Life Insurance business at Axis Bank has grown at a CAGR of over 25%. The partnership with LIC would enable us to further expand our existing bouquet of offerings and put forth a compelling proposition for our customers.”</span></p>


After Max Life tie-up with HDFC; Axis Bank strengthens its bancassurance with LIC

bancassurance

The partnership underscores the shared commitment of both institutions to expand financial protection and strengthen insurance penetration across India.

Insurance regulator IRDAI may introduce new rules aimed at reducing the heavy reliance on parent banks in bancassurance, sources told Zee Business. 

Rajiv Anand, Executive Director &amp; Head Retail Banking, Axis Bank, added, “Banks have increased their role in Insurance distribution with Bancassurance being the biggest contributor. Over the last five years the Life Insurance business at Axis Bank has grown at a CAGR of over 25%. The partnership with LIC would enable us to further expand our existing bouquet of offerings and put forth a compelling proposition for our customers.”

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Bancassurance News- Zee Business provides latest news on Bancassurance, Bancassurance news Today, Top News on Bancassurance, update on Bancassurance Stay updated with business news, breaking news headlines.

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Bancassurance

RBL Bank and LIC join hands for bancassurance business

New rules on the cards to reduce heavy reliance on parent banks in bancassurance?

After Max Life tie-up with HDFC; Axis Bank strengthens its bancassurance with LIC

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