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February 07, 2016 10:21 PM ET

Insurance

Company Overview of Max Life Insurance Company Limited

Company Overview

Max Life Insurance Company Limited provides life insurance products in India. The company offers a range of participating, non-participating, and linked products covering life insurance, pension, and health benefits. The company provides individual and group life insurance products consisting of protection, child, retirement, growth, savings, and group plans. Max Life Insurance Company Limited distributes its products through individual agents, corporate agents, banks, brokers, and other channels. The company was formerly known as Max New York Life Insurance Company Limited and changed its name to Max Life Insurance Company Limited in July 2012. The company was founded in 2000 and is headqua...

Max House

3rd Floor

1 Dr. Jha Marg

Okhla

New Delhi,  110020

India

Founded in 2000

8,397 Employees

Key Executives for Max Life Insurance Company Limited

Executive Vice Chairman, Managing Director and Member of Risk Management Committee
Age: 45
Chief Financial Officer and Senior Director
Age: 44
Chief Operations Officer and Senior Director
Age: 45
Chief Executive Officer of Max Bupa Health Insurance Company Limited
Chief Executive Officer of Max Speciality Films
Age: 61
Compensation as of Fiscal Year 2015.

Max Life Insurance Company Limited Key Developments

Max Life Insurance Seeks Acquisitions

Max Life Insurance Company Limited is seeking acquisitions. Rajesh Sud, Managing Director and Chief Executive Officer, Max Life Insurance, said, “Our vision is to be more admired life insurer. We will look at the potential of open architecture of bancassurance and look at inorganic acquisitions opportunities. We have a strong intent on acquisitions and here the focus is on life insurance to support our core business.”

Max Life Insurance Announces Management Changes

Max Life Insurance Company Limited announced that Analjit Singh will step down from the Chairmanship and Board’s of the company at their respective board meetings. Rahul Khosla will assume the newly formed position of Chairman of the company. Mohit Talwar will join the Board of the company. Rajesh Sud is being elevated to the position of Vice Chairman of the company while retaining his position as the company’s Managing Director.

Max Life Reports Earnings Results for the Second Quarter of Fiscal 2016

Max Life reported earnings results for the second quarter of fiscal 2016. The company reported its net premium growing 11% to INR 21,410 million in the second quarter of fiscal 2016, over the same period last fiscal.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 23, 2015
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