Max Life Insurance Company
Max Financial Service Ltd., established in 2000 but has started its commercial operations in 2001 as joint venture between Mitsui Sumitomo Insurance Co.Ltd- a member of MS&AD Insurance Group, a general insurer and Max India Ltd, an Indian multi-business corporate. Max Life Insurance Company Ltd offers most comprehensive life insurance and retirement solutions for long-term savings, protection to more than thirty lakh customers with the help of multi-channel distribution partner and high service providing agencies. With a strong customer centric approach the Company offers one stop solution for all types of insurance and investment needs.
Max Life Insurance was ranked fourth among private life insurance companies with a market share of 10.3% in the financial year 2013-14. For the same financial year, the Company has been one of the fastest growing life insurance companies with Gross Written Premium of Rs. 7,279 crores. As on 31st March 2014, Max New York Life Insurance had assets under management of Rs. 24,716 crore. The Company won the trophy for "Best Underwriting Initiative of the Year" in the Asia Banking, Financial Services & Insurance Excellence Awards.