Max Life Insurance
Max Life is a major non-bank private life insurer in India. It came into existence with a joint venture between Max Financial Services Ltd. and Mitsui Sumitomo (MS) Insurance Co. Ltd. Max Financial Services is a subsidiary of the Max Group (a leading business conglomerate) owning a 72.1% share in the joint venture and the remaining is owned by Mitsui Sumitomo Insurance which is a part of MS&AD Insurance Group (a leading global insurance group). Max Life Insurance Company offers, savings, protection and retirement plans to its customers via high quality agency distribution. In Financial Year 2015, Max Life Insurance Company has recorded Gross Written Premium of Rs. 8,172 crore with sum assured of Rs. 2, 26,701 crore.
List of Plans
Child Insurance Plans
- Max Life Shiksha Plus Super
- Max Life Forever Young Pension Plan
- Max Life Guaranteed Lifetime Income Plan
- Max Life Life Perfect Partner Super
Mr. Rajesh SudExecutive Vice Chairman & Managing Director
Mr. Prashant TripathySenior Director and Chief Financial Officer
Mr. Mohit TalwarDirector
Max Life Insurance launches new unit linked plan
Max Life has launched Max Life Platinum Wealth Plan, a unit linked investment cum protection plan. The plan offers liquidity in the form partial Withdrawals and Maturity Benefit, which is paid at the end of the policy term. From the protection perspective – sum assured or fund value (whichever higher) is paid as death benefit to the nominee in case of demise of policyholder.
Health insurers offer Rs 1 crore cover as medical costs, incomes rise
Health insurers such as Max Bupa and TTK Cigna are now offering covers of up to Rs 1 crore, especially as they realise the need to design products that offer higher cover.
Axis Bank to hike stake in Max Life Insurance
Private lender, Axis Bank is slated to hike its stake in Max Life Insurance, its bancassurance partner. The bank currently has about 4% stake in the life insurance company. A senior official from the insurance industry who did not want to be named said, "Axis Bank would be passive shareholders.
Registered Office Address
Max Life Insurance
- Max House, 1 Dr. Jha Marg, Okhla, New Delhi – 110020
- Tel : 0124-412-1500