Presentation on max new York life insurance..

Max newyork life insurance.

ABOUT MAX NEWYORK LIFE INSURANCE COMPANY:

Max New York Life Insurance Company Ltd. is a joint venture between

Max India Limited & New York Life International.

Max New York Life started commercial operation in April 2001. The Company's paid up capital of Rs 1,968 crore in 2009. Max New York Life has multi-channel distribution spread across the

country.

The company currently has around 70,152 agent advisors at 676 offices

across 389 cities.

 The company also has 36 referral tie-ups with banks, 24 The company has 139 offices dedicated to rural areas. It now has 25 products covering both life and health

partnership distribution and alliance marketing relationships.

insurance and 9 riders.

Besides this, the company offers 6 products and 7 riders in

group insurance business.

Max New York Life offers a suite of flexible products.

MAX INDIA LIMITED

Max India Limited is a multi-business corporate, driven by

the spirit of enterprise and

focused on people and service oriented businesses. The Companys vision is to be one of Indias most admired

corporate for Service Excellence.

From its past, Max India continues its interest in

manufacture of Speciality Products for the packaging industry.

 Max India Groups consolidated turnover for half year

ended Sept 09 was Rs. 4166 crore.

The consolidated operating revenue was Rs. 2543 Crore,

a growth of 23% over the same period last year. The Group is on a high growth path, with over 700 offices across around 400 locations in the Country and with people strength of 100,000+ persons as on 30 th Sept 2009.

NEW YORK LIFE INTERNATIONAL

New York Life Insurance Company,(www.newyorklife.com) a

Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world.
Headquartered in New York City, New York Lifes family of

companies offer life insurance, annuities and long-term care insurance. New York Life Investment Management LLC provides institutional asset management and retirement plan services
Other New York Life affiliates provide an array of securities

products and services, as well as institutional and retail mutual funds.

 The mission of New York Life is to maintain its superior 'financial

strength', adhere to the highest standards of 'integrity' and demonstrate 'humanity' by treating its customers, agents and employees with compassion, consideration and respect.

New York Life is one of the largest and strongest life insurance

companies in the world with more than USD$215 billion assets under management and has received among the highest ratings for financial strength from the life insurance industry's principal rating agencies.

As a leader in the insurance industry, New York Life continues to bring

to its operations new management concepts, advanced technologies, new distribution and training systems and innovative insurance products.

WHO IS WORKING??????

) Rajit Mehta is the Executive Director and Chief Operating Officer of Max New York Life, a leading private life insurance company in India. He is a member of the Board of Directors of the Company, and is on the Policyholder Protection Committee of the Board besides being an invitee to the Audit Committee of the Board as well.
1

2) Ashish Vohra a Mechanical Engineer from IIT BHU,

and post graduation in Management from IIM Bangalore is Senior Director & Chief Distribution Officer at Max New York Life. As the Chief Distribution Officer he is instrumental in maintaining the companys distribution footprints across the nation and acquiring key partnership and bank distribution alliances.
3.

 ) Rajiv Burman is Senior Director & Chief People Officer at Max

New York Life Insurance. He is responsible for developing and implementing successful Human Resources strategies that support long term growth and transformation of the organization.

4) Rajiv mathur joined Max New York Life in January 2010 as Director Legal & Compliance and Company Secretary. He is a Fellow Member of Institute of Company Secretaries of India and an LLB from Delhi University besides being an Associate Member of the All India Management Association and has a Post Graduate diploma in Industrial Relations. Rajiv brings with him experience of over 24 years in Legal Compliance & Regulatory Affairs functions with various Organizations.

POSITION IN THE MARKET

MNYL(max new york life insurance) votes as one of

the top 25 companies to work for in India. Max New York Life insurance was among the top 25 companies to work in India according to a recent survey published in BUSINESS WORLD magazine , GREAT WORK PLACES IN INDIA. There were around 120 companies that took part in the survey and Max New York Life insurance was ranked at the

20th position.

WHO IS THE C.E.O(chief executive officer)

Rajesh Sud was appointed CEO and Managing Director

with effect from November 1, 2008 of Max New York Life Insurance, the first Indo American joint venture business to start operations in 2001 when the insurance sector was opened to private participation.
A founder team member, Rajesh was amongst the first few

management team members to join Max New York Life Insurance. He leads the company towards achieving its vision of being the most admired life insurance company in the country.

AWARDS AND RECOGNITIONS

Outlook Money survey ranked MNYL No.1 in Slow, Medium and Quick

fund categories

BT Mercer Ranked No.7 in the Best companies to Work For Awarded the Gallup Great Work Place Award 2009

CII Exim Bank Commendation Certificate for Business Excellence 2008 & 2009 Received Best Six Sigma Project award at 6th CII National Six Sigma conventions 2009.
Recognized as a Superbrand, 2009 - 2010.

 Among the top 25 companies to work for in India,

according to Businessworld 2003 Great Workplaces of India Among the top five most respected insurance companies in India as per Businessworld 2004 & 2006 survey Won Indo-American Corporate Excellence Award for Best Indo-US company in Financial Services Category in 2006 Received Best Six Sigma Project award at Sakal Six Sigma Excellence Awards 2006 Among top 3 in Asia Life Insurance Company of the Year Award 2007 instituted by Asia Insurance Review

 Received the Amity Corporate Excellence Award

2007

Received the Outlook Money Award for being among the best new insurers in the country. Max New York Life bags the Asia Insurance Industry Innovation of the Year Award 2009.

Plans in max newyork life insurance:

CHILD PLANS
Our child plan is designed specifically to ensure that your

child not only gets the best of education but also can explore and develop his/her hidden talent.Max New York Life College Plan It is essential that you start planning for your childs professional... Max New York Life Shiksha Plus II Max New York Life Shiksha Plus II is a 360 degree child plan that provides the opportunity to study..
I will explain new york college plan.

PLAN OVERVIEW
College education is the most critical juncture of your childs life; its the first time that your child moves out from the sheltered school life into the real world. It is most important that this college education experience is the very best for your child as it will be the defining phase that will shape their future.

Therefore it is essential that you start planning for your childs professional education at the earliest, as the earlier you start, the better it will be towards meeting the needs of your childs higher education. The best time to start planning is during the age group of 0-8 years as it gives you the maximum time period to be able to build a sizeable corpus till your child reaches college-going age i.e. 18 years . So go ahead and find out more about Max New York Life's College Plan.

ELIGIBILITY CRITERIA
Features Minimum/Maximum Entry Age of Life Assured (Last Birthday) Life Insured Specification 91 Days to 8 Years Child On child attaining the age of 18 the policy shall be vested to the child 21 - Age at Entry of the Life Assured (Child) 18- Age at Entry of the Life Assured (Child)

Policy Term Premium Payment Term

Minimum sum assured

Minimum Sum Assured Rs. 100,000 for Corporate Agents (excluding Axis Bank) and Rural Agency Channel Rs. 200,000 for Agency and other channels no limit subject to underwriting.

Maximum Sum Assured Bonus Reversionary Bonus: The bonus option in this plan is "compound reversionary bonus"*. Reversionary Bonuses are declared every year from end of year 2 onwards and once declared are guaranteed for the life of the contract.. The reversionary bonus in any year is a percentage of the base sum assured of the policy and previously declared cumulative reversionary bonuses in previous policy years

Terminal Bonus: The Company may declare a Terminal Bonus after the 10th Policy Anniversary as a percentage of Reversionary Bonus and is payable only once during the policy lifetime. The amount of terminal bonus paid will be based on the terminal bonus rate prevailing at the date of claim, which is the earlier of death, surrender or maturity. The rate of terminal bonus can vary from time to time and may even become zero. * Compound Reversionary Bonus means that the previously declared bonuses will also participate in successive bonus declarations.

BENEFITS
Living and Maturity Benefit: Guaranteed cash backs

every year from childs age 18 to 21:

Child's Age Money Back (% of S.A.)

18
19 20 21

40%
20% 20% 40% + (Accrued Reversionary Bonus + Terminal Bonus, if any)

BUSINESS FIGURES of mnyl

PREMIUM Individual single premium Individual non single premium Group single premium MAY ,11 14.08 86. 74 6.01 Upto may 11 29.82 193.28 12.53 Upto may 10 26.09 226.61 1.39

Group non single premium

5.63

8.20

18.01

NO. OF POLICIES Individual single premium Individual non single premium Group single premium

MAY ,11 19 3634 2

Upto may 11 18 85248 12

Upto may 10 281 124562 8

Group non single premium

67

262

248

No. Of lives Group single premium Group non single premium

May 11 3408 71748

Upto may 11 24268 1423156

Upto may 10 425438 1761163

BANCASSURANCE

Axis Bank, the third-largest Indian private bank

and Max New York Life Insurance, one of India's leading life insurance companies have forged a 10 year strategic relationship, a first of its kind in bancassurance. Max New York Life Insurance has signed a corporate agency relationship with the Axis Bank and provides customized life insurance solutions to customers via the bank's vast network.

competitors