Max Life Insurance is scouting for business opportunities with insurance companies backed by a banking division after its plan to merge with HDFC Life hit a dead-end due to regulatory hurdles.
"We keep on exploring, it is an ongoing process. We will be looking for business opportunities both with private and public sector banks (who are into life insurance business)," Rajesh Sud, Executive Vice Chairman & MD, Max Life Insurance said on the sidelines of an event here today.
