Apollo Munich ties up with Axis Bank

 Standalone health insurance company Apollo Munich today announced its partnership with  Axis Bank for offering bank customers customised insurance policies. Apollo Hospitals  Group firm Apollo Energy company announced selling of its 23.3 per cent stake in Apollo  Munich Health Insurance company to its German partner Munich Re for Rs. 163.5 crore.Post the transaction, Munich Re’s stake in the insurance joint venture would increase to 48.7 per cent. Apollo Munich Health Insurance has distribution partnership with Canara Bank, Indian Overseas Bank and Citi.