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Last updated: 19 Sep 2025, 01:24 PM
Max Life Insurance: Securing Your Future with Confidence
Max Life Insurance Company Limited, founded in 2000 and headquartered in Gurugram, India, is a leading private life insurer, formed as a joint venture between Max Financial Services Ltd. (India) and Mitsui Sumitomo Insurance Company Ltd. (Japan). It is renowned for its customer-centric approach and innovative life insurance solutions.
In-Depth Details
Key Highlights
- Products Offered: Over 30 individual and group plans, including term insurance (e.g., Smart Secure Plus), savings & investment (e.g., Smart Wealth Plan), retirement & annuity (e.g., Forever Young Pension Plan), child education (e.g., Future Genius Education Plan), and health riders—designed for protection, wealth creation, and financial stability.
- Reach & Scale: Operates across 1,400+ offices with 60,000+ agents, serving ~4.7 crore lives, with Assets Under Management exceeding ₹1.65 lakh crore (FY 2024-25).
- Performance Metrics: Industry-leading Individual Death Claim Settlement Ratio of 99.65% (FY 2023-24); 98.94% claims paid within 30 days; Sum Assured on new business: ₹22.7 lakh crore (FY 2024-25).
- Achievements: Recognized as ‘Life Insurer of the Year’ at Moneycontrol Wealth Creator Awards 2024; awarded ‘Best Term Life Insurance Product’ for Smart Secure Plus at ET BFSI Excellence Awards 2024; noted for digital innovation with AI-driven claims processing and customer service.
