Life Insurance Corporation, often accused of being a passive investor , is beginning to exploit its ownership to expand its own business which is becoming intensely competitive. And the target is Axis BankBSE -0.33 %. The state-run insurer, which owns about 15% in the lender, is nudging the bank to sell insurance policies offered by it through its more than 2,500 branches, testing its existing partnership with Max Life, a top performing private insurer, said two people familiar with the ..
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
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