Axis Bank would like to state that the contract is between TATA AIG Life and the insured, and not the bank. Below is the NRI General Insurance Disclaimer for the same. It explains why Axis Bank should not be held liable in the event of any disputes in case they might occur. NRI Insurance Disclaimer stated below this goes into the details of why Axis Bank cannot be held responsible for the NRI General Insurances.
Insurance is the subject matter of solicitation. Axis Bank is the Certified Corporate Agent for TATA AIG Gen. insurance Co. Ltd. and nothing contained on the Website shall constitute or be deemed to constitute an advice, an offer to purchase or an invitation or solicitation to undertake any activity or enter into any transaction relating to the Gen. Insurance Products. Participation by Axis Bank customers shall be purely on voluntary basis. The contract of Insurance is between TATA AIG General Insurance Company and the insured, and not between Axis Bank and the insured.