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July 04, 2015 5:57 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

Chief Executive Officer, Managing Director, 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
Managing Director of Max India Limited, Non Executive Director and Member of Stakeholders Relationship Committee
Age: 56
Chief Executive Officer of Max Healthcare Institute Limited
Compensation as of Fiscal Year 2015.

Max Life Insurance Company Limited Key Developments

Max Life Seeks Acquisitions

Max Life Insurance Company Limited is seeking acquisitions. Max Life would look at acquisitions and discover ways of finding value for Max Life shareholders too.

Max Life Insurance Introduces Guaranteed Income Plan

Max Life Insurance has announced the launch of Max Life Guaranteed Income Plan. The plan provides 100% guaranteed regular income. The monthly income payable in the first five years is doubled in the next five years and the income pay-out is complemented by a one-time guaranteed Terminal Benefit payable at the end of the Pay-out Period. GIP also offers a choice of pay-out options on death, where the nominee can choose to receive either a lump sum death benefit or income for 10 years post death.

Max Life Insurance Company Limited Announces Revenue Results for the Second Quarter Ended September 30, 2014

Max Life Insurance Company Limited announced revenue results for the second quarter ended September 30, 2014. For the quarter, the company reported gross premium (GWP) grew 15% to INR 19,370 million and assets under management was up 29% to INR 280,380. Individual new business premium reported a growth of 5%, to INR 4,360 million compared with the for the same period a year ago.

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