Max Life Insurance is in focus after Max Financial Services' deal with HDFC has been called off.
In an interview to CNBC-TV18, Rajesh Sud, CEO & MD of Max Life Insurance spoke about Max Financial-HDFC deal call off and the latest happenings in the company.
On deal front, he said we are not searching for another partner currently.
We are focussing on growing the business, he added.
He said Yes Bank is a strong partner of the company with regards to bancassurance (selling of life assurance and other insurance products and services by banking institutions) business.
He further said that bancassurance is an important channel to get business for the company.
Speaking about numbers, he said first year premium grew by 19 percent in Q1.
According to him, financial savings in India has improved because of demonetisation and other events happening in the country. More money is coming through formal channels, said Sud.
Watch accompanying video for more details.
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