Max Life Insurance Co. Ltd is one of leading providers of life insurance policies in India. The
company is a joint venture that exists between Max India Ltd., a multibusiness Indian company and Mitsui Sumitomo Insurance Co. Ltd, a member of a Japanese insurance company, MS&AD Insurance Group. Max life is known for its long-term protection and savings oriented services that included complete life insurance and retirement plans. The insurance company has branches all over the country that serve more than 30 Lakh customers.
Max Life Insurance Co. Ltd stood fourth among the private life insurance companies with 10.3% of the market share. This figure refers to the 2013-14 financial year. Moreover, it is also considered to be one of the fastest expanding service providers in India with the total revenue figures and shareholder profit of Rs. 7279 Crore and Rs. 436 Crore, respectively (2013-14). The company’s capital asset is around Rs. 24716 Crore, as of 31st March 2014.