\n<\/strong><\/h3>\nMax India Group is a multi-business corporate, headquartered in New Delhi, India. The\u00a0Rs.\u00a07,700 Crore Company is led by its publically listed entity, Max India Limited.<\/p>\n
Max India is in the ‘Business of Life’<\/strong>. It:<\/p>\n\n- ‘Protects Life’ through its Life Insurance subsidiary<\/li>\n
- ‘Cares for Life’ through its Healthcare Company<\/li>\n
- ‘Enhances Life’ through its Health Insurance Company<\/li>\n
- \u2018Improves Life’ through its Clinical Research business.<\/li>\n<\/ul>\n
Facts and Figures<\/strong><\/p>\n\n- Max India’s consolidated turnover for FY11 was\u00a0Rs.\u00a07,891 Crore<\/li>\n
- The consolidated operating revenue was\u00a0Rs.\u00a06,668 Crore, a growth of 24% over the same period last year<\/li>\n
- The Company is on a high growth path, with over 500 offices across around 400 locations in the Country<\/li>\n
- Huge people strength of 57,000 persons<\/li>\n
- Serving over 4.4 million customers.<\/li>\n<\/ol>\n
2.New York Life Insurance Company<\/h3>\n
New York Life Insurance Company is a Fortune 100 company founded in 1845 and is one of the largest mutual life insurance companies in the United States and also one of the largest life insurers in the world. The company is headquartered in New York City. Following are the varied line of businesses under which the company operates.<\/p>\n
\n- U.S. Life Insurance and Agency – <\/em><\/strong><\/strong> The U.S. Life Insurance and Agency business manufactures a full array of life insurance products, including Whole Life, Term, Universal Life and Variable Universal Life as well as Long-Term Care Insurance.<\/li>\n<\/ul>\n
\n- Retirement Income Security – <\/em><\/strong>The Retirement Income Security (RIS) business is dedicated to providing solutions to customers as they progress through the different phases of retirement planning.<\/strong><\/li>\n
- New York Life Investments –<\/em><\/strong> New York Life Investments\u00a0is one of the largest asset management firms in the United States which manages more than $283billion in assets under its kitty. The company offers an array of products and services for both retail and institutional investors.<\/li>\n
- New York Life Enterprises –<\/em><\/strong>New York Life Enterprises manages an array of ancillary businesses that provide products and services to specialty and international markets.<\/li>\n<\/ul>\n
Facts and Figures<\/strong><\/p>\n\n- One of the largest life insurance companies in the world with more than USD 316 billion assets under management a 10.2% increase, from 2009<\/li>\n
- Sales of insurance products increased 15% to $3.1 billion and sales of investment products also surpassed all previous records, rising to more than $35 billion<\/li>\n
- Operating revenues grew more than $1 billion over 2009 to $15.5 billion<\/li>\n
- Operating earnings of $1.4 billion exceeded the record $1.3 billion in 2008, in spite of the recent economic challenges. This is the fifth consecutive year that operating earnings has exceeded $1 billion<\/li>\n
- The company added $1.8 billion to surplus for the year, increasing the company’s financial strength to $16.8 billion \u2013 the highest in the company’s history<\/li>\n
- Received among the highest ratings for financial strength from the life insurance industry’s principal rating agencies: A.M. Best (AA+), Standard & Poor’s (AA+), Moody’s (Aa1), Fitch (AAA).<\/li>\n<\/ol>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Max New York Life Max New York Life (MNYL)\u00a0is a joint venture between Max India Ltd. and New York Life. The company was incorporated in the [\u2026]<\/span><\/p>\n","protected":false},"author":56,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[88],"tags":[2116,2243,2246,3095,3138,3162,3269,3406,3549,4160,4317],"class_list":["post-11450","post","type-post","status-publish","format-standard","hentry","category-finance-indian-capital-markets","tag-general-insurance","tag-government","tag-government-insurance-companies","tag-insurance-premium","tag-investment","tag-irda","tag-jv","tag-life-insurance","tag-marketshare","tag-private-insurance-companies","tag-regulator"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/11450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=11450"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/11450\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=11450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=11450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=11450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}