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Max Life Insurance
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Q. What are the income tax benefits currently applicable to life insurance policies?
Ans -: EEE benefit i.e. Amount paid towards insurance premium up to Rs.1.5 lakh is exempt under section 80C of Income Tax Act; any bonus income during the year on life insurance plans is exempt and the total amount received on maturity of policy and the death claim is also exempt from income tax. http://bit.ly/1ExITLp
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Q. Why is it important to buy a life insurance plan early in your life?
Ans: To best utilise the power of compounding. Also, to factor in the uncertainties of future, example - you may not be eligible to get a term cover if you contract some chronic disease, or the cost of life insurance goes up with age. http://bit.ly/1ExITLp
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Just launched!! The Accidental Death & Dismemberment Rider. Check out more information on http://bit.ly/1CJrPfB
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Economic Times has recognised Max Life Insurance as one of India's most promising brands. Thank you all for your honest support!
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Rs. 3,000 jeans + Rs. 2,000 shirt + Rs. 4,000 shoes. This is a snapshot of your monthly shopping spends for maintaining a respectable image. But what will happen to this image after you retire and the costs of these spends increase? Secure your retirement today by investing in a retirement plan..now at only 5,000 p.m. Hurry! http://bit.ly/1FdsUQG
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Partying today....but are you thinking about tomorrow when you’re retired? Act now! Secure your retirement today with our retirement plans so that the partying can continue even in your retirement years. Know more -http://bit.ly/1FdsUQG
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15 minutes late for a morning meeting even after 5 reminders? Your boss may spare you this last time. But life may not always be so kind. Take this example as a cue to put down a reminder for securing the financial future of your loved ones with our Online Term Plan. http://bit.ly/1E1sVbH
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Q. What is the optimum life insurance cover one must take? And why?
Ans: The rule of thumb is - Take a cover that is 10-12 times your annual income. The sum insured basically should be equal to an amount which, if invested, should fetch a regular income for the dependants of the insured so that they are able to maintain a lifestyle which they are used to. In case there are any liabilities, such amounts should be added to the amount of insurance required. http://bit.ly/1ExITLp
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Q.Why is the first quarter of the financial year the best time to review your life insurance needs?
Ans: Because with every increment, your need for protection increases as you have greater disposable income. Also, at this time of the year, with your child having moved to a higher class, she/he is step closer to higher education - hence, this the time to review your preparedness. http://bit.ly/1ExITLp
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You take care of your house rent, children’s education, electricity bills, telephone bills and what not. Ever wondered how you would manage these costs after retirement? Invest in our Retirement Plans and secure your financial freedom in the long run too! http://bit.ly/1FdsUQG
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Lavish dinners, holidays, and gifts makes your partner feel special. Why worry about having to stop these in your retirement years? Invest in our Retirement Plans and ensure you surprise your partner with more such gifts, forever! Secure now - http://bit.ly/1FdsUQG
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Doctor’s appointment is very crucial, yet it can be made again once missed. But, your family’s future can never be compromised! With our Online Term Plan, make sure that they are financially secure, always! http://bit.ly/1E1sVbH
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Have them in circles
1,337 people
Mohammed Alam's profile photo
nakul bhardwaj's profile photo
Sujata Pillay's profile photo
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RAMESH CHANDRA SRIVASTAVA's profile photo
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18001805577, 18002005577
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Your Partner for Life
Introduction

Max Life Insurance, the largest* non-bank private life insurer, is a joint venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max India is a leading Indian multi-business corporate, while Mitsui Sumitomo Insurance is a member of MS&AD Insurance Group, which is currently amongst the top 10 general insurers in the world.

Max Life Insurance offers comprehensive life insurance and retirement solutions for long-term savings and protection. A financially stable company with sound investment expertise, Max Life Insurance has a strong customer-centric approach focused on advice based sales and quality service. 

In the financial year 2011-12 Max Life Insurance ranked fourth among private life insurers with a market share of 8.6%. The Company has been one of the fastest growing life insurance companies with total revenue of Rs.6,391 crore and enterprise profit of Rs.733 crore for the Financial Year 2011-12. The Company’s share capital of Rs. 2,127 crore with a solvency margin of 534% is indicative of its financial strength and stability. As on 31st March 2012, Max Life Insurance had assets under management of Rs.17,215 crore.

 Financial strength: Max Life insurance is a strong, profitable, and successful institution built on strong foundations with a customer base of over 30 lakh customers. In the financial year 2011-12, the Company has become the largest non bank private life insurer, with total revenue of Rs.6,391 crore and enterprise profit of Rs.733 crore. The company’s financial strength and stability is evident in the solvency ratio of 534% which is 3 times the mandatory requirement. As on 31st March 2012, we had Assets Under Management of Rs.17,215 crore.    

Quality of Advice: Max Life Insurance firmly believes in its consultative sales model. Our agency distribution with well trained and knowledgeable agent advisors who are completely equipped to engage with you and offer customized solutions for life stage needs.

Diversified distribution model: Max Life Insurance has one of the most balanced diversified distribution model based on three pillars – agency distribution, bancassurance and partnership distribution. In addition to the fact that Max Life Insurance agents advisors are one of the most productive  in the market, the company also has the largest non captive bancassurance relationship with Axis Bank and a strong Partnership Distribution with financial services distributors like Peerless and Amsure. This ensures our presence in more than 1100 cities of India.  

Comprehensive product portfolio: Max Life Insurance offers a comprehensive suite of life insurance and retirement solutions for long term savings and protection needs consisting of a healthy mix of both traditional and ULIPs. It now has 24 individual life and health insurance products and 9 riders that can be customised to suite every need of the customer. Besides this, the company offers 4 products and 7 riders in group insurance business.

Customer centricity: Providing superior customer experience is central to Max Life Insurances vision of becoming the most admired life insurance company in India. The company has always focused on upgrading its service offering to customers and distributors, thus creating competitive differentiation in the market.

Open and ethical culture: Max Life Insurance has always believed that human capital is the key to the success of any organization. The company has processes that are effective and transparent and engender employee trust and commitment. Max Life Insurances employee value proposition differentiates the company from others. Our ethical and value driven corporate culture ensures greater commitment to the company’s principle of customer centricity.

*Basis Individual adjusted first year premium FY 2012