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Max New York Life Insurance, India’s leading private life-insurance company emerged as one of the best employer in the recently announced Business Today-Mercer-TNS Survey of ‘The Best Companies to Work For in India’.The company was founded in 1845 as the Nautilus Insurance Company in New York City, with assets of just $17,000. It was renamed the New York Life Insurance Company in 1849.Max New York Life Insurance Company is a joint venture between New York Life International Inc., a Fortune 100 company and America's largest life insurance provider and Max India Limited one of the leading multi-business corporations in India. Max New York Life Insurance Co Ltd is a Rs. 250 crore joint venture with a paid up capital of Rs. 807 crore.The insurance agents employed at Max New York Life Insurance Co Ltd are trained in-house with a rigorous training program of over 152 hrs, much higher than the standard 100 hrs of mandatory training laid down by the IRDA. Around 345 Max New York Agent Advisors qualified for Million Dollar Round table (MDRT) membership in 2006. Max New York Life Insurance was ranked 7th in the survey and the best life insurance company to work for in India. The top ranking in the survey, reiterates our relentless focus on making Max New York Life a great place to develop work, maximize potential and build careers.Max New York Life is a joint venture between Max India Ltd., one of India’s leading multi-business corporations and New York Life, a Fortune 100 company. Max New York Life Insurance, incorporated in 2000, is one of India’s leading private life insurance companies.The company offers both individual and group life insurance solutions. It has established a wide distribution network across India. Through its wide network of highly competent life insurance agentadvisors and flexible product solutions, Max New York life Insurance is creating a partnership for life with its customers in India.
New York Life Insurance has been in the Big Apple since it was just a tiny seed. The company (the top mutual life insurer in the US) is adding products but retaining its core business: life insurance and annuities. New York Life has added such products and services as mutual funds for individuals. It also offers its investment management services to institutional investors. Other lines of business include long-term care insurance and special group policies sold through AARP and other affinity groups or professional associations. The company, through New York Life International, is also reaching out geographically, targeting areas such as Mexico and India where the life insurance markets are not yet mature.
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