Max Life Insurance, one of the leading life insurers, is a joint venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Max India is a leading Indian multi-business corporate, while Mitsui Sumitomo Insurance is a member of MS&AD Insurance Group, which is amongst the top general insurers in the world. Max Life Insurance offers comprehensive life insurance and retirement solutions for long
-term savings and protection to thirty lakh customers. 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, customer centric approach to business, financial stability & investment expertise and strong human capital. In the financial year 2012-13 Max Life Insurance ranked fourth among private life insurers with a market share of 8.5%. The Company has been one of the fastest growing life insurance companies with total revenue of Rs. 6,639 crore and enterprise profit before tax of Rs. 860crore for the Financial Year 2012-13. The Company’s share capital of Rs. 2,127 crore with a solvency margin of 521% is indicative of its financial strength and stability. As on 31st March 2013, Max Life Insurance had assets under management of Rs. 20,458 crore.
