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Franchise | http://www.maxlifeinsurance.com/contactus/locateanoffice_drop-box.aspx |
Important Notes
No details found.Registered Office
Address : 419, Bhai Mohan Singh Nagar, Railmajra, Tehsil Balachaur, District Nawanshahr, Punjab -144533
Home Office
Address : Max Life Insurance Co. Ltd., 3rd, 11th and 12th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurgaon (Haryana) - 122002
Telephone Number : (0124) 4121500
Email Address
For Indivuduals : [email protected]
For Groups : [email protected]
For Agents : [email protected]
Toll Free Number
1800 200 5577
Max Life Insurance, one of the leading non-bank promoted private 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 general insurers in the world. Max Life Insurance offers comprehensive long term savings, protection and retirement solutions through its high quality agency distribution and multi-channel distribution partners. A financially stable company with a strong track record over the last 15 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 customers'. The company has a strong customer-centric approach focused on advice-based sales and quality service delivered through its superior human capital. In the financial year 2015, Max Life recorded Gross Written Premium of Rs. 8,172 crore with sum assured of Rs. 2, 26,701 crore and Asset Under Management of Rs. 31,220 crore as on 31st March 2015.
Max Financial Services Limited.
Max Financial Services Limited (MFS), a part of the US$ 2 billion Max Group, is the holding company for Max Life, India’s largest non-bank, private life insurance company. Max Financial Services owns and actively manages a 72.1% stake in Max Life Insurance Company Limited, making it India’s first listed company focused exclusively on life insurance.
The Company’s vision is to be the most admired company for protecting and enhancing the financial future of its customers. This vision is founded on a clear set of values that are shared across the Group – Sevabhav, Excellence and Credibility.
Mitsui Sumitomo Insurance Co. Ltd.
Mitsui Sumitomo Insurance is a member of MS&AD Insurance Group which is amongst the leading general insurers in the world. Headquartered in Tokyo, Japan, MS&AD Insurance Group has presence in 39 markets globally and experience of over 120 years in general insurance.
Vision
To be the most admired life insurance company by securing the financial future of customers
Mission
They are an honest life insurance company, committed to doing what is right.
They serve their customers through Long Term Savings, Protection and Retirement Solutions, delivered by their high quality Agency and Multi Channel Distribution Partners.
They are business with strong social relevance and contribute to society by supporting causes in health and well-being.
At Max Life Insurance, with each milestone, they have raised the bar for their services and product offerings.
Values
Caring : Listens with respect and values differences – Acts with compassion
Credibility : Demonstrates knowledge and creates trust in others
Collaborative : Works together to achieve results
Excellence : Pursues highest quality
Differentiators
Financial Strength
- Safety of their policyholders and shareholders money
- Consistency of returns to policyholders, shareholders and distributors
- Ability to offer feature rich products
- Balanced distribution touching more customers
Quality of Advice
- Customer relationships build on the foundation of 'Trust'
- Need and Risk profile based customer solutions
- Enabling customers to take informed decisions
- Through well trained and knowledgeable team
Service Excellence
- Caring mindset at all customer touch points
- Bias for long-term customer relationships
- Responsive service
- Continuous improvement in customer processes
Superior Human Capital
- Great place to work
- Inclusive meritocracy
- Opportunities for development and growth
- Direct and open communication
Corporate Governance
- Honest organization that always does what is right
- Bias for win – win actions
- Predictable outcomes and delivery of promise
- No compromise on compliance
Value Driven Culture
- Caring, Credibility, Collaborative, Excellence
- Integrity in all what they do
Growth Story
Max Life Insurance, the leading non-bank promoted private life insurer, 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, 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 long term savings, protection and retirement solutions through its high quality agency distribution and multi-channel distribution partners. A financially stable company with a strong track record over the last 15 years, Max Life Insurance offers superior investment expertise and has the vision 'To be the most admired life insurance company by securing the financial future of their customers'. The company has a strong customer-centric approach focused on advice-based sales and quality service delivered through its superior human capital.
Max Life Insurance has positioned itself on the quality platform and has developed a strong corporate governance model based on the core values of caring, credibility, collaborative and excellence.
Max Life Insurance is a quality business focused on delivering excellence to customers through an advice based sale process, customer centric approach to business, financial stability & investment expertise and strong human capital.
In the financial year 2014-15, Max Life Insurance ranked fourth among private life insurers with a market share of 9.7%. The Company has been one of the fastest growing life insurance companies with Gross Written Premium of Rs. 8172 crore with sum assured of Rs. 2, 26,701 crore. The Shareholders Profit After Tax stood at Rs. 414 crore for the Financial Year 2014-15. The Company's solvency margin of 425% is than 2.8 times the mandatory 150% is indicative of its financial strength and stability. As on 31st March 2015, Max Life Insurance had assets under management of Rs. 31,220 crore.
Max Life Insurance has a country-wide diversified distribution model spread across more than 750 cities which is based on three pillars – agency distribution, bancassurance and partnership distribution. The Agency distribution channel forms its core distribution channel using an advice based sales process implemented by its well trained and knowledgeable agent advisors. These agent advisors are equipped to engage with prospective customers and offer customized solutions for their various life stage needs. In its bid to provide maximize returns to policyholders, Max Life Insurance follows a prudent investment philosophy to optimize risk management whereby investments are usually made in instruments which are safe and provide good returns in the long run.
In bancassurance, the Company has a strong relationship with Axis Bank which in a short span has become the largest non-captive bancassurance relationship in India with its network of over 2000 branches providing life insurance solutions to its customers. Partnership Distribution, the third pillar of Max Life Insurance's distribution model is equally important and successful with long standing relationship with large distributors of financial products such as Amsure and Peerless. These three key distribution channels are complemented by Group Insurance and Customer Advocacy teams.
Max Life Insurance offers a comprehensive suite of Long Term Savings and Protection oriented products. It currently has 15 products and 6 riders that can be customized to suit every life stage need of the customer. Besides this, the company offers 4 products and 4 riders in the group insurance business.
At Max Life Insurance, providing a superior customer experience is central to its vision and the Company is committed to provide superior service experience to the customer. As a proactive step towards service excellence, Max Life Insurance has launched the "Treating Customer Fairly" (TCF) policy. The TCF policy aims to raise standards in the way the Company interacts with customers at every touch point right from the pre-sales engagement to the payment of benefits.
The company values human capital and considers it to be its competitive advantage. Max Life Insurance believes that people are its biggest organizational assets and hence lays a strong emphasis on employee friendly practices leading to high levels of employee engagement and motivation. This is reflected in the recognition that the company received from the Great Places To Work Institute, India, as one of the best workplaces in the industry.
Max Life Insurance believes that as a corporate it has a responsibility to engage with society. This engagement goes beyond being ethical and honest in their business practices along with providing the right products basis their needs. They believe in caring for society and have decided to focus on providing a safe and secure future for underprivileged children. The company works closely with the Max India Foundation, an independent social service organisation of the Max Group. The flagship program includes an immunization program which serves the societal agenda of protecting the next generation of the country against major ailments. Health Camps are also conducted across 6 permanent health centres across Punjab, Uttarakhand and Delhi where artificial limbs and polio callipers are provided to people affected by these ailments. The company has also adopted Dhakrani village in the Dehradun district of Uttrakhand, where it is working in the areas of healthcare, sanitation, safe drinking water, environment awareness & protection and financial literacy.
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