Axis Bank Limited (“Axis Bank”), India’s third largest private sector bank, together with its subsidiaries Axis Capital Limited and Axis Securities Limited (collectively referred to as “Axis Entities”) have become the co-promoters of Max Life Insurance Company Limited (“Max Life”), after completion of the acquisition …
Just so, how do I withdraw money from my Max Life Insurance?
In case of NEFT, a cancelled cheque with pre-printed name/copy of bank passbook with banker’s attestation/banker’s attestation on account details in surrender request. You may submit the surrender request with the above documents at nearby Max Life branch. Alternately, you may Click Here to submit your request online.
Then, is life insurance mandatory for home loan?
Let me make it clear that though buying of a life insurance policy with the home loan is not mandatory, it is in your own interest and the interest of your family members that you buy a term plan to cover the liability on your home loan to ensure peace of mind for you and your family members.
Is Max Life Insurance and Axis Bank or same?
Max Life Insurance recorded a 22 per cent rise in its total new business premium in FY21. … Currently, Axis Bank and its two subsidiaries — Axis Capital Ltd and Axis Securities Ltd — collectively own 12.99 per cent in Max Life Insurance post approval of the deal in April this year.
Is property insurance mandatory for Axis home loan?
“It is not mandatory to purchase home loan protection plans. … Purchasing an insurance plan is the sole discretion of the buyer and borrowers cannot be forced to purchase such plans,” says Adhil Shetty, CEO, BankBazaar.com.
Is property insurance mandatory for home loan as per RBI?
The RBI rules for home loan insurance also stipulate that it is not compulsory for home loan customers to purchase insurance from their lenders.