Max Life Insurance

Max Life Insurance Company
Private
Industry Financial Services
Founded 2000
Founder Analjit Singh
Headquarters New Delhi, India
Area served
 India
Key people
 Analjit Singh Executive Chairman, Rajesh Sud Chief executive officer and Managing director
Products Individual Insurance (23 products and 9 riders/options) and Group Insurance (4 products and 7 riders/options)
Website http://www.maxlifeinsurance.com/

Max Life Insurance, one of the life insurers, is a joint venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max India is an Indian multi-business corporate, while Mitsui Sumitomo Insurance is a member of MS&AD Insurance Group, a general insurer. Max Life Insurance offers comprehensive life insurance and retirement solutions for long-term savings and protection to thirty lakh customers. It has a country-wide diversified distribution model including the country's leading agent advisors, exclusive arrangement with Axis Bank and several other partners.

In the financial year 2011-12 Max Life Insurance ranked fourth among private life insurers with a market share of 8.6%. The Company has been one of the fastest growing life insurance companies with total revenue of Rs.6,391 crore and enterprise profit of Rs.733 crore for the Financial Year 2011-12. The Company’s share capital of Rs. 2,127 crore with a solvency margin of 534% is indicative of its financial strength and stability. As on 31 March 2012, Max Life Insurance had assets under management of Rs.17,215 crore.

Products

Max Life Insurance offers Long Term Savings and Protection oriented products. It currently has 23 products covering and 9 riders that can be customized. Besides this, the company offers 4 products and 7 riders in group insurance business.

References

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