About Max Life Insurance
Max Life Insurance is a company based in Gurugram (India) founded in 2000.. Max Life Insurance has raised $29.85 million across 2 funding rounds from investors including Axis Bank, New York Life Insurance and Mitsui Sumitomo Insurance. Max Life Insurance offers products and services including Term Insurance, ULIP, Pension Plans, and Health Insurance. Max Life Insurance operates in a competitive market with competitors including MetLife, Allstate, Progressive Insurance, Aflac and AIG, among others.
- Headquarter Gurugram, India
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Axis Max Life Insurance Limited
- Date of Incorporation 11 Jul, 2000
- Jurisdiction Tehsil Balachaur, Punjab, India
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Annual Revenue
$0 (USD)0as on Mar 31, 2023
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Net Profit
$0 (USD)0as on Mar 31, 2023
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EBITDA
$0 (USD)0as on Mar 31, 2023
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Total Equity Funding
$29.85 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
Axis Bank
& 3 more
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Employee Count
Employee Count
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Products & Services of Max Life Insurance
Max Life Insurance offers a comprehensive portfolio of products and services, including Term Insurance, ULIP, Pension Plans, and Health Insurance. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers financial protection for a set period against untimely demise.
Combines life cover with market-linked investment options.
Provides income security for post-retirement years.
Covers critical illnesses and medical expenses.
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Leadership Team
54 people
Human Resources and Administration
46 people
Sales and Marketing
34 people
Software Development Team
33 people
Senior Team
19 people
Product Management Team
12 people
Manager Team
9 people
Finance and Accounting
8 people
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Funding Insights of Max Life Insurance
Max Life Insurance has successfully raised a total of $29.85M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
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First Round
First Round
(13 Dec 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2020 | Amount | Series B - Max Life Insurance | Valuation |
investors |
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| Dec, 2018 | Amount | Series B - Max Life Insurance | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Max Life Insurance
Max Life Insurance has secured backing from 4 investors, including institutional investors. Prominent investors backing the company include Axis Bank, New York Life Insurance and Mitsui Sumitomo Insurance. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Insurance and financial services are provided by the group company.
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Founded Year | Domain | Location | |
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Provider of a commercial banking services
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Founded Year | Domain | Location | |
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Corporate advisory services are offered across multiple sectors including finance.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Max Life Insurance
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Max Life Insurance
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Max Life Insurance Comparisons
Competitors of Max Life Insurance
Max Life Insurance operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MetLife, Allstate, Progressive Insurance, Aflac and AIG, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Internet-based life, health, auto, home, and pet insurance is offered.
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| domain | founded_year | HQ Location |
Online insurance for life, property, auto, and business is provided.
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| domain | founded_year | HQ Location |
Auto, home, life, health, and business insurance is provided online.
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| domain | founded_year | HQ Location |
Financial protection via accident, life, and supplemental insurance is provided.
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| domain | founded_year | HQ Location |
AIG is recognized as a leading global insurance organization.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Max Life Insurance
Frequently Asked Questions about Max Life Insurance
When was Max Life Insurance founded?
Max Life Insurance was founded in 2000 and raised its 1st funding round 18 years after it was founded.
Where is Max Life Insurance located?
Max Life Insurance is headquartered in Gurugram, India. It is registered at Gurugram, Haryana, India.
Who is the current CEO of Max Life Insurance?
Prashant Tripathy is the current CEO of Max Life Insurance.
Is Max Life Insurance a funded company?
Max Life Insurance is a funded company, having raised a total of $29.85M across 2 funding rounds to date. The company's 1st funding round was a Series B of $29.85M, raised on Dec 13, 2018.
What does Max Life Insurance do?
Max Life Insurance was established in 2000 and is headquartered in Gurugram, India. Operations are focused on the insurance sector, where a variety of life insurance products is provided to individuals and groups. Coverage includes linked, participating, and non-participating plans, alongside health, pension, and annuity options. Lifetime protection is ensured through these services across the country.
Who are the top competitors of Max Life Insurance?
What products or services does Max Life Insurance offer?
Max Life Insurance offers Term Insurance, ULIP, Pension Plans, and Health Insurance.
Who are Max Life Insurance's investors?
Max Life Insurance has 4 investors. Key investors include Axis Bank, New York Life Insurance, Mitsui Sumitomo Insurance, and Axis Capital.
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