Max Life Insurance Company Limited
About Company
Overview
Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi-business corporation. Max Life has a total claims paid ratio of 99.51% as per the annual audited financials for FY22-23.
Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multichannel distribution including agency and third party distribution partners.
Max Life has built its operations over almost two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per public disclosures, during the financial year 2022-23,
• As on 31st March 2022 the Company had Rs. 122,857 crore of assets under management(AUM), and
Specialties:
Life Insurance Solutions for all life stage based needs, Term Insurance Plans, Online Insurance Plans, Child Insurance Plans, Retirement Plans, Savings & Income Plans, Group Insurance Plans, ULIP Plans, and NRI Plans• A Sum Assured in Force of Rs. 1,397,142 crore.
