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Press background on Max Life Insurance Co. Ltd.
Company profile
Max Life Insurance, one of the leading life insurers, is a joint venture between Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max Financial Services Ltd. is part of the Max Group, which is a leading Indian multi-business corporation, while Mitsui Sumitomo Insurance is a member of MS&AD Insurance Group, which is amongst the leading insurers in the world. Max Life Insurance offers comprehensive life insurance solutions for long term savings, protection and retirement through its high quality agency distribution and multi-channel distribution partners. A financially stable company with a strong track record over the last 17 years, Max Life Insurance offers superior investment expertise. Max Life Insurance has the vision 'To be the most admired life insurance company by securing the financial future of our customers'. Max Life has a strong customer-centric approach focused on advice-based sales and quality service delivered through its superior human capital.
 Recent press releases
Max Life Insurance Introduces 'Max Life NIFTY Smallcap Quality Index Fund'

Max Life Insurance Company Ltd. (“Max Life”/ “Company”) has launched the ‘NIFTY Smallcap Quality Index Fund’ (SFIN: ULIF02702/08/23NIFTYSMALL104) in the ULIP segment. This first Smallcap Index Fund of the Life Insurance industry is based on the NIFTY Smallcap 250... (more)
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Max Life Appointed as Lead Insurer for Uttar Pradesh Under IRDAI's State Insurance Plan

Outreach targets rural districts in Uttar Pradesh to drive insurance penetration in a phased manner
Reached 1.4 Lac individuals through a digital insurance awareness campaign
 
Max Life Insurance Company Ltd. (“Max Life” / “Company”) has been... (more)
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Max Life Extends Claims Support for Odisha Train Accident Victims

Max Life Insurance Company Ltd. (“Max Life” / “Company”), stands in solidarity with the people impacted in the Odisha train accident and has extended swift claims support to them and their families. The Company has established a dedicated claims support desk and appointed a ... (more)
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Max Life Declares its Highest-ever PAR Bonus of Rs. 1,604 Cr. for its 21 Lakh Policyholders

Max Life Insurance Company Ltd. (“Max Life” / “Company”) has announced its highest-ever participating (PAR) bonus of Rs. 1,604 Cr. for its eligible policyholders in FY22-23. This is the Company's 21st consecutive annual bonus; ~8% higher than the bonus declared in the la... (more)
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Max Life Insurance Partners as the Official Life Insurer of Mumbai Indians' Women's Team

Max Life Insurance Company Ltd. (“Max Life” / “Company”) today announced its partnership with Mumbai Indians women’s team. Max Life will serve as the official life insurance partner for Mumbai Indians (MI) in the first-ever Women’s Premier League (WPL) 2023 and t... (more)
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Max Life achieves Claims Settlement Ratio of 99.34 percent in FY22: IRDAI Annual Report 2021-2022

Max Life Insurance Co. Ltd (“Max Life”/ “Company”), has announced that it disbursed 30,830 death claims worth INR 2,009 crore in the financial year 2021-22, attaining an individual death claims paid ratio of 99.34%. With this, Max Life has surpassed the coveted 99%... (more)
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Max Life Strives to Integrate Sustainability Across Operations; Releases Sustainability Report

The latest Report Highlights Max Life’s strategy to build a more sustainable future
Sets a goal of reducing its CO2 emissions by 80% by 2028
Commits to achieving 30% gender diversity by FY 2024-2025
 
Max Life Insurance Company Ltd. (“Max Lif... (more)
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Max Life Celebrates Five Years of 'Rakshak'; Aims to Extend Protection Benefits to 45 percent of the Indian Defence Sector in 3 Years

Max Life Insurance Company Ltd. (“Max Life” / “Company”) is celebrating the 5th anniversary of its ‘Rakshak’ program - an initiative dedicated to financially securing India’s armed forces personnel against life’s uncertainties... (more)
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Max Life Strengthens Retirement Portfolio; Enhances its 'Guaranteed Lifetime Income Plan'

Max Life Insurance Company Ltd. (“Max Life” / “Company”), has launched an enhanced variant of ‘Max Life Guaranteed Lifetime Income Plan’ (UIN: 104N076V14 - a Non-Linked, Non-Participating Individual General Annuity Savings Plan) designed to ensure a steady post-r... (more)
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Max Life's Smart Fixed-return Digital Plan Now Offers Guaranteed Returns of up to 7.25%

Max Life Insurance Company Ltd. (“Max Life” / “Company”), has declared a rate revision of up to 7.25%(2) to its guaranteed savings plan, ‘Max Life Smart Fixed-return Digital Plan’.
 
Returns at Maturity Table(1)
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