India's 1st IRDAI Approved Insurance Web Aggregator
Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd. is a part of the Max Group, an Indian multi-business corporation. Max Life has a total claim paid ratio of 99.35% as per the annual audited financials for the FY 20-21.
Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multi-channel distribution including agency and third-party distribution partners.
Max Life Insurance offers comprehensive life insurance and retirement solutions for long-term savings and protection both traditional and unit-linked insurance plans. It has a country-wide diversified distribution model including the country's leading agent advisors, exclusive arrangement with Axis Bank, and several other partners. Max Life Insurance is a quality business focused on delivering excellence to customers through advice based sale process, a customer-centric approach to business, financial stability & investment expertise, and strong human capital.
Prashant Tripathy is the Managing Director and CEO of Max Life Insurance Company.
| Year | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
|---|---|---|---|---|---|---|---|---|---|
| Claims ratio | 96.03 | 96.95 | 97.81 | 98.26 | 98.74 | 99.22 | 99.35 | - | Yet to be published |
| Year | 2014-15 | 2015-16 | 2016-17 | 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | 2022-23 |
|---|---|---|---|---|---|---|---|---|---|
| Market share | 2.3 | 2.1 | 2.1 | 2.2 | 2.4 | - | - | - | Yet to be published |
