Max Life Insurance Company Ltd

Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Ltd and Axis Bank Ltd. Max Financial Services Ltd. is a part of the Max Group, an Indian multi business corporation. Axis bank is an Indian banking and financial services company headquartered in Mumbai.

Max Life Insurance Co. Ltd. - Paisa kaudi
Max Life Insurance Co. Ltd. – Paisa kaudi

Max Life Insurance Company Overview

  • Started operations in the year 2001, Max Life Insurance is one of the best life insurers in India.
  • It has a claim settlement ratio of 99.35% for the financial year 2020-21.
  • Max Life offers a comprehensive insurance solution to their customers. They have products like term, investment, health and retirement solutions.
  • Max Life Insurance has over 275 branches across India.

CEO and Contact Details of Max Life

Managing Director and CEOMr. Prashant Tripathy
Corporate Office AddressMax Life Insurance Company Ltd
11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram, Haryana 122002
Contact No.Online Sales Helpline: 0124 648 8900
Customer Service Helpline:
1860 120 5577
NRI Helpdesk:
011-71025900; 011-61329950
Email IDOnline Sales Helpline: service.helpdesk@maxlifeinsurance.com
NRI Helpdesk : nri.helpdesk@maxlifeinsurance.com
Employee count10,000+
Assets Under
Management (AUM)
₹ 1,00,000 Crore (As on FY 2020-21)
Max Life Websitehttps://www.maxlifeinsurance.com/
Max Life Twitterhttps://twitter.com/MaxLifeIns
Max Life Facebookhttps://www.facebook.com/maxlife/
Max Life Linkedinhttps://www.linkedin.com/company/max-life-insurance-company-limited/
Max Life Details

Max Life Term Insurance Plans

Term insurance is the simplest and purest form of life insurance which ensures financial security for your family against fixed premium and for a fixed duration. The premium of a term plan depends on many factors such as age, gender, ppt, policy term, sum assured, etc

Max Life offers different term plans based on different needs of the customers.

Lets, check the list of term insurance plans from Max Life. Click on the plans to get the detailed review of it.

Product NameUIN No
Max Life Smart Secure Plus
Max Life Saral Jeevan Bima
Max Life – Term Plans

Claims process of Max Life

Claim process is a procedure through which claim is authenticated and claim amount is disbursed to the policyholder or nominee or beneficiary or appointee or assignee. Max Life has a very quick and simple claim process.

Click here to get the Max Life claim process in detail

Max Life Claim Settlement Ratio

Claim settlement ratio is the percentage of claims settled out of the total number of claims filed in a financial year. Higher the percentage, better is the insurer. IRDAI (Insurance regulatory and development authority of India) issues an annual report on claim settlement ratio of life insurance companies every year.

For example : Let’s suppose Max Life has received 100 claims in a financial year and it settles 85 in the same financial year. So the claim ratio of Max Life will be (85/100) x 100 = 85% for the same financial year.

Claim settlement ratio of last 5 years of Max Life

YearClaim Ratio
2021-2299.34%
2020-2199.35%
2019-2099.22%
2018-1998.74%
2017-1898.26%
2016-1797.81%
Max Life Claim Settlement Ratio

Market share of Max Life

It is the percentage of new business (first year + single) premium received out of the total new business premium received by all life insurance companies.

Market share of last 5 years of Max Life

YearMarket Share
2020-212.44 %
2019-202.15 %
2018-192.40 %
2017-182.24 %
2016-172.10 %
Max Life – Market Share

Bonus Rates of Max Life Plans

Every year Max Life declares bonuses to their premier products which participate in profits.

Click here to Get Bonus Rates of All Max Life Policies

Max Life Branch Locator

We have made a list of Max Life branches in top 10 cities i.e Mumbai, New Delhi, Bengaluru, Chennai, Gurgaon, Pune, Hyderabad, Ahmedabad, Kolkata and Lucknow. You will find addresses with contact details of every branch mentioned in the above cities. Click below to get the details.

Check Max Life Branch Near Me

Max Life Insurance FAQs

What If you forgot paying premium on time?

If you miss your premium payment due to any reason, you will get a grace period of 15 days for monthly premium payment and 30 days for half-yearly and yearly premium payment. If you still don’t pay your premium after the grace period, your policy gets lapsed and you cannot claim any benefits.

Who is the CEO of Max Life Insurance?

Mr. Prashant Tripathy is the MD and CEO of Max Life.

Max Life started in which year?

Max Life was founded in 2000 and they started their operations in 2001 .

Who is the owner of Max Life?

Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Ltd and Axis Bank Ltd.

Where is the headquarters of Max Life?

Max Life Insurance Company Ltd, 11th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram, Haryana 122002

Which is the best Max Life term insurance Plan?

Max Life Smart Secure Plus, Max Life Saral Jeevan Bima are the plans with Max Life Insurance.

How long does it take for an Max Life death claim?

Max Life requires 30 to 120 days to settle a death claim.

How many branches does Max Life have?

Max Life has over 275 branches across India.

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This covers all the topics on Max Life Insurance. Please comment if you need any further information on this.

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