One of the Axis Bank account holders got a ‘free’ Group Insurance policy from Apollo Munich insurance co. The account holders do not have a say in this. Axis Bank gets noted as the insurance broker and in exchange has sold the data base of account holders. The account holder will now be a victim of calls and emails from the insurance company.
The account holder contacts AXIS Bank to get out of this mess and is directed to the Insurance company. It is a nice merry go round created by the crooked banksters in search of a few rupees of commission.
With bankers like AXIS BANK selling your information in an illegal manner, your privacy is shot to hell. And RBI may impose some idiotic fine of a few rupees and let the dishonesty continue
Wonder if RBI or IRDA or anyone has anything to say on this.
Of course, it is useless to expect any degree of honesty or ethics from this shady bank which has its roots in the erstwhile scam tainted Unit Trust of India.