Axis Max Life Insurance, a subsidiary of Max Financial Services, reported an anonymous alert concerning unauthorized access to customer data. The company is conducting a thorough information security assessment and data log analysis. They are collaborating with information security experts to assess the incident's root cause and implement necessary remedial actions. Axis Max Life Insurance ranks as the fifth-largest insurer in India, with assets under management amounting to ₹1.75 trillion and a total sum assured of ₹21.9 trillion.
Max Financial Services announced that its insurance subsidiary, Axis Max Life Insurance, received an anonymous communication regarding unauthorized access to customer data. A security assessment is being conducted.
Axis Max Life Insurance is the fifth-largest insurer in India, managing assets worth ₹1.75 trillion ($20 billion) and holding a total sum assured of ₹21.9 trillion (approximately $256 billion).
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