Top 10 Insurance Companies in India 2016

Posted in Top Brand Lists, Total Reads: 421

6. Max Life Insurance

Max Life Insurance is one of the leading private Life Insurance companies in India, and has grown rapidly.

Image: company logo

The company was founded in 2000. It was a joint venture between Max Financial Services Limited which is a part of Max Group, a leading Indian multi-business corporation and Mitsui Sumitomo Insurance which is a part of MS&AD Insurance Group, a leading general insurance company in the world.


It has more than 200 offices across the country which offers superior investment expertise. Through its multi-distribution channel which is based on three pillars- Bancassurance, Agency and Partnership distribution, it offers long term savings, retirement and protection solutions.

The company has a vision to be life insurance company which is most admired by the people by securing future of customers financially. It has customer centric approach focused on quality service and advice-based sales delivered through superior human capital. Some of the insurance plans offered by the company include Maxis Super, Whole Life Super, Super term and Fast Track Super Term Plan.

Max Life Insurance had entered the E-commerce space by launching “Max Life Term Plan” online in 2013. It has been the winner of many awards for being best life insurance company and settling most claims in 2015. It also helps the underprivileged children through its CSR activities by working closely with Max India Foundation. It also started immunisation programme to protect people against major diseases.

Income (in INR '000)= 5543557

Net Profit (in INR '000)= 4391104