Max Life insurance Co Ltd - Company Profile
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Max Life insurance Co Ltd (Max Life) is a joint venture company between Max India Limited, a multi-business corporation, and Mitsui Sumitomo Insurance Co. Ltd., a member of MS&AD Insurance Group. The company provides a range of life insurance products. It offers protection plans, child plans, retirement plans, growth plans, and savings plans. It also offers term insurance plans and group plans such as group term insurance and group gratuity premier plan. The company markets and distributes its products to individuals and group customers through a network of agent advisors, branch offices, MDRTs (million dollar round table), and trainers. The company is headquartered in Gurugram, India.
Headquarters
India
Address
3rd, 11th and 12th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram, Haryana, 122002
Website
www.maxlifeinsurance.com
Telephone
91 124 4121500
No of Employees
19,338
Industry
Financial Services
Revenue (2023)
$4.0B
Max Life insurance Co Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Protection Plans | Claim Services |
| Child Plans | |
| Group Plans | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Regulatory Approval | In April, the company secured approval from the Competition Commission of India to sell its stake to Axis Bank. |
| 2024 | Others | In February, the company transferred its mission-critical database workloads to the Oracle Exadata Database Service. |
| 2023 | Contracts/Agreements | In September, the company partnered with AU Small Finance Bank to provide life insurance options to modern, digital customers. |
Competitor Comparison
| Key Parameters | Max Life insurance Co Ltd | HDFC Life Insurance Co Ltd | ICICI Prudential Life Insurance Co Ltd | Bajaj Allianz Life Insurance Company Ltd | Reliance Nippon Life Insurance Company Limited |
|---|---|---|---|---|---|
| Headquarters | India | India | India | India | India |
| City | Gurugram | Mumbai | Mumbai | Pune | Mumbai |
| State/Province | Haryana | Maharashtra | Maharashtra | Maharashtra | Maharashtra |
| No. of Employees | 19,338 | 32,448 | 17,825 | 20,000 | 11,874 |
| Entity Type | Private | Public | Public | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Rajiv Anand | Chairman | Executive Board | 2023 | - |
| Prashant Tripathy | Chief Executive Officer; Director; Managing Director | Executive Board | - | - |
| Manu Lavanya | Director; Chief Operating Officer | Senior Management | 2020 | - |
| Shailesh Singh | Chief People Officer; Senior Director | Senior Management | - | - |
| Sachin Saxena | Chief Risk Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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