Company Overview of Max Life Insurance Company Limited
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...
1 Dr. Jha Marg
New Delhi, 110020
Founded in 2000
Key Executives for Max Life Insurance Company Limited
Chief Executive Officer, Managing Director, Director and Member of Risk Management Committee
Chief Financial Officer and Senior Director
Chief Operations Officer and Senior Director
Managing Director of Max India Limited, Non Executive Director and Member of Stakeholders Relationship Committee
Chief Executive Officer of Max Bupa Health Insurance Company Limited
Compensation as of Fiscal Year 2015.
Max Life Insurance Company Limited Key Developments
Max India In Talks To Sell Stake In Max Life Insurance
Sep 2 15
Max India Limited is in talks with four private equity firms for the sale of a 22% stake in unit Max Life Insurance Company Limited. The stake sale could fetch about INR 40 billion. Private equity firms TPG, The Carlyle Group LP, The Blackstone Group and Apollo have been approached.
Max Life Seeks Acquisitions
Dec 22 14
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
Nov 18 14
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.
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