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Max Life Insurance, one of India’s leading life insurance companies, has opened the online platform for submission of stories and essays in the igenius Young Authors’ Hunt. Registered students can now submit their creative pieces through www.igenius.org. Read more
Life insurance distributors have witnessed a drop of 54 per cent in commission earned from unit-linked insurance policies (Ulips) to Rs 1,733 crore in the financial year 2011-12 (FY12), compared with Rs 3,748 crore in FY11. Ulip commission as a proportion of the total commissions also saw a decrease of 11.13 percentage points to 9.37 per cent in FY12, from 20.5 per cent a year ago. Read more
Max Life Insurance, one of India’s leading life insurance companies in India, announced a “one-time†special bonus to all its active policyholders who have participating policies issued on or before 31st December 2005. The special bonus will be paid at the respective policy anniversaries commencing February 1, 2013. The special bonus would be calculated as a percentage of the annual premium paid. For the eligible policies, the longer the policyholder has been with the Company, the higher will be the percentage of the special bonus. Read more
Max  Life Insurance Company been ordered by a consumer forum here to pay Rs 20,000 as compensation to the grandfather of a policy holder for issuing a policy with terms and conditions different from what was told to him. Read more
Max Life Insurance, one of India’s leading life insurance companies, took its igenius programme to new heights with the announcement of igenius Young Authors’ Hunt. This new initiative aims to promote writing talent in young Indians that will culminate in a book of stories. This is an opportunity for children under 15 years to unleash their imagination and take the first step towards becoming literary geniuses. Read more
The Indian Insurance Industry has matured over the years and self-awareness for insurance and its important has slowly crept into the minds of the pro-active financial planners across the globe. This in fact has been triggered by the recent fall in premium for online Term Plans. The surge of interest of Non Resident Indians to purchase a Life Insurance Product in India has given a platform to many insurance companies to re-strategize and capitalize on the huge potential of tapping the NRI or the Person of Indian Origin, PIO. Read more
Private insurer Max Life Insurance today reported 6 per cent growth in net profit at Rs 398 crore for the six months ended  September 30, on the back of steady revenue coupled with better productivity and cost efficiency. The net profit stood at Rs  375 crore for the corresponding quarter last year, Max Life Insurance said in a release issued here. Read more
Insurance and healthcare major Max India may divest around 5% in its life insurance joint venture with Mitsui Sumitomo Insurance – Â Max Life Insurance – to long-term foreign financial investors if parliament approves the proposed hike in insurance FDI cap to 49%.
Unlike many other insurance joint ventures in India where foreign partners have the right to increase their stakes at a pre-determined  price, Max India has not made any such commitment to its new partner Mitsui Sumitomo Insurance of Japan. Mitsui became a partner  in Max Life Insurance in April this year, buying out the stake of US-based New York Life Insurance. Read more