A potential new regulation might limit insurance companies to a maximum of 50% of their business from bank assurance. This is significant given that currently, SBI Life derives nearly 90% of its business from SBI, HDFC Life derives up to 85% from HDFC Bank, and Access Bank contributes 90% to Max Life's total business.
"So to curb all these practices it is said that there are chances that a rule can come up that insurance companies can have not more than 50% of their business from Bank Assurance from Banks okay so to to put in simple words assume that I'm the insurance company and I'm getting 100 rupees worth business not more than 50 rupees worth of business can come from Banks now it is important to see that currently how much business do insurance companies get from Banks I'll take you back to that article now if you see I'm I'm sure you are also going to be like oh my God this is going to be big now what does a report add the report added I'm just zooming the screen so that you can see it very clearly the report also said that oh sorry here it is sorry report added that nearly 90% of SBI life's business comes from State Bank of India while while up to 85% of HDFC lives Bank Assurance business generates from HDFC Bank private sector lender access bank contributes to 90% of Max life insurance total business"
