Axis Max Life Insurance

Axis Max Life Insurance Limited (formerly known as Max New York Life Insurance Company Limited and Max Life Insurance Company Limited) is an Indian life insurance company headquartered at New Delhi, and the largest non-bank private-sector life insurer in India. It is an 80:20 joint venture between Max Financial Services and Axis Bank. The company is a subsidiary of the publicly listed Max Financial Services. It was founded in 2000 after the liberalization of the insurance sector in India and its operations began in 2001.

Axis Max Life Insurance

Company type	Joint venture
Industry	Financial services
Founded	2001; 24 years ago (2001)
Headquarters	New Delhi, India
Key people	Rajiv Anand (Chairman)[1] Prashant Tripathy (Managing Director and CEO)
Products	Life insurance Term life insurance Unit-linked insurance plan Endowment policy Money-back policy Whole life insurance Retirement plans
Owner	Max Financial Services (80%) Axis Bank (20%)[2]
Website	www.axismaxlife.com

History

Max Life Insurance started as a joint venture between Max Financial Services and Mitsui Sumitomo Insurance Group. The former owned 68% of the company while the latter owned 26%.^[3] After forming the joint venture partnership with Mitsui Sumitomo, Max Life changed its name from Max New York Life in 2012. In February 2016, Axis Bank held a 6% share in Max Life.^[4] On 13 December 2024, Max Life Insurance rebranded itself to Axis Max Life Insurance.^[5]

Products and services

Max Life sells policies on both online and offline channels. Its distribution channels include banks, individual agents, brokers, and corporate agents, among others. It provides linked, participating and non-participating products. Apart from life coverage, it also covers health, pension, and annuity. It offers child protection, retirement, savings, and growth plans to individuals and to groups.