2 Replies to “Has anyone bought insurance with max new york life insurance(India)?What has your experience with them been wr”

  1. They have very poor client service as i have return my policy during free look periode but to my surprise they have sent me premium notice very next year and i still dont have policy document with me and giving them primium.

  2. Hi,

    Greetings from Max Life Insurance!

    While we appreciate you seeking feedback about the company here are some facts we would like to bring to your notice.

    Max Life Insurance, one of the leading life insurers, is a joint venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd. 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 2011-12 Max Life Insurance had a market share of 8.6%. The Company has been one of the fastest growing and profitable life insurance companies with total revenue of Rs. 6,391 crore for the Financial Year 2011-12. The Company’s share capital of Rs. 2,127 crore with a solvency margin of 534% is indicative of its financial strength and stability. As on 31st March 2012, Max Life Insurance had assets under management of Rs.17,215 crore.

    As a breakthrough initiative in customer centricity Max Life insurance has also introduced the ‘Claims Guarantee’, a unique friendly and hassle free death claims process. The key highlights of the same are as below:

    · Account value Payments on all ULIP claims will be paid within 48 hours of the intimation of the death by the nominee
    · No Repudiation of policies with duration over 3 years from the date of issuance of the policy, except in cases of fraud
    · Claim Payment – 100% in 10 working days provided all documents have been furnished
    · Personalized Claims Relationship Officer (death claims)

    You may also visit out website http://www.maxlifeinsurance.com to know more about the company and its offerings.

    Max Life Insurance

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