CURRENT AFFAIRS

Detailed explanation-1: -By partnering with Ditto, we look forward to expanding our online presence and being able to provide new-age consumers with a comprehensive selection of our online offerings, which are flexible and tailor-made for millennials,” said V Viswanand, Deputy Managing Director, Max Life.

Detailed explanation-2: -About Max Life Insurance (www.maxlifeinsurance.com) Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited.

Detailed explanation-3: -Axis Bank and its subsidiaries Axis Capital Limited and Axis Securities are the co-promoter of Max Life Insurance following the acquisition of a 12.99 per cent stake in April 2021.

Detailed explanation-4: -The lender in 2021 had announced the acquisition of equity shares of Max Life Insurance Company Limited (Max Life), a material subsidiary of Max Financial Services Limited (Max Financial) by Axis Bank and its subsidiaries, i.e., Axis Securities Limited and Axis Capital Limited under definitive agreements.