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Max New York Life Insurance Co. Ltd

Max New York Life Insurance Company Ltd. is a joint venture of New York Life, a Fortune 100 company, and Max India Limited, an Indian multi-business corporation.

The company started its operations in India in 2001. Presently, the company has 33 bancassurance relationships, 14 corporate agency tie-ups, and direct sales force at 14 locations.

The company also came up with a hub and spoke model of distribution to reach out in rural areas.


8 Insurance product available
Whole Life Insurance
  • Provides financial cover against death through out the life time of the insured
  • Estate tool for legal heirs
  • Sum assured paid on death of the insured or on if the insured survives a pre-determined age
  • Policy holder not entitled to any payout during the tenure of the policy
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Children Plan
  • Tool to plan for children's needs in the future - education, wedding etc.
  • Tool to ensure children's future plans are not compromised in the event of parent/guardian's death
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Health Insurance
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Term Insurance
  • Pure risk cover plan with no survival benefit
  • Protection tool against the uncertainties of life
  • Cheapest life insurance product
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Endowment Insurance
  • Protection tool with savings option
  • Sum assured plus bonus accrued paid in the event of death of the insured or at maturity
  • With-profits plan that participates in the profits of insurer's life insurance business
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    • Provides for stable income in post-work life
    • Helps policy holder to remain financially independent post-retirement
    • Tool for systematic retirement planning
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    ULIP Insurance
  • Protection tool with an investment option attached
  • Policy holder can choose from funds such as equity, debt, bonds, or a combination
  • Insurers offer partial withdrawals options
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    Money Back Insurance
    • Provides life insurance covers for specified periods
    • Policy holder receives tax-free, fixed proportions of the sum assured at regular intervals or an option to re-invest
    • Policy holder receives lump sum payment on surviving maturity date
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    44.58 Lakh satisfied customers till Oct 2016
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