Private sector lender Axis Bank is planning to expand its business of distributing life insurance policies through a tie-up with one more insurer.
In the case of life insurance, the bank currently has a partnership with Max Life and LIC. Now, the rule allows an open architecture with up to three insurers. The private bank will at some point look at adding a third partner as well, its managing director and chief executive officer Shikha Sharma said at CII’s banking technology summit.
