Max New York Life Insuranc Ppt

7/31/2019 Max New York Life Insuranc Ppt

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Presentation on

max new York

life

insurance..


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Max newyork lifeinsurance.


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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.


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The company also has 36 referral tie-ups with banks, 24partnership distribution and alliance marketing relationships.

The company has 139 offices dedicated to rural areas.

It now has 25 products covering both life and health

insurance and 9 riders.

Besides this, the company offers 6 products and 7 riders ingroup insurance business.

Max New York Life offers a suite of flexible products.


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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 admiredcorporate for Service Excellence.

From its past, Max India continues its interest inmanufacture of Speciality Products for the packagingindustry.


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Max India Groups consolidated turnover for half yearended Sept 09 was Rs. 4166 crore.

The consolidated operating revenue was Rs. 2543 Crore,a growth of 23% over the same period last year. TheGroup is on a high growth path, with over 700 offices

across around 400 locations in the Country and withpeople strength of 100,000+ persons as on 30 th Sept2009.


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NEW YORK LIFE

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

Fortune 100 company founded in 1845, is the largest mutual lifeinsurance company in the United States and one of the largestlife insurers in the world.

Headquartered in New York City, New York Lifes family ofcompanies offer life insurance, annuities and long-term careinsurance. New York Life Investment Management LLC providesinstitutional asset management and retirement plan services

Other New York Life affiliates provide an array of securitiesproducts and services, as well as institutional and retail mutualfunds.
http://www.newyorklife.com/http://www.newyorklife.com/


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The mission of New York Life is to maintain its superior 'financialstrength', adhere to the highest standards of 'integrity' anddemonstrate 'humanity' by treating its customers, agents andemployees with compassion, consideration and respect.

New York Life is one of the largest and strongest life insurancecompanies in the world with more than USD$215 billion assets undermanagement and has received among the highest ratings for financialstrength from the life insurance industry's principal rating agencies.

As a leader in the insurance industry, New York Life continues to bringto its operations new management concepts, advanced technologies,new distribution and training systems and innovative insuranceproducts.


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WHO IS WORKING?????? 1) Rajit Mehta is the Executive Director and Chief

Operating Officer of Max New York Life, a leading privatelife insurance company in India. He is a member of theBoard of Directors of the Company, and is on the

Policyholder Protection Committee of the Board besidesbeing an invitee to the Audit Committee of the Board aswell.

2) Ashish Vohra a Mechanical Engineer from IIT BHU,

and post graduation in Management from IIM Bangaloreis Senior Director & Chief Distribution Officer at Max NewYork Life. As the Chief Distribution Officer he isinstrumental in maintaining the companys distributionfootprints across the nation and acquiring key partnershipand bank distribution alliances.

3.


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) Rajiv Burman is Senior Director & Chief People Officer at MaxNew York Life Insurance. He is responsible for developing andimplementing successful Human Resources strategies thatsupport long term growth and transformation of the

organization.

4) Rajiv mathur joined Max New York Life in January2010 as Director Legal & Compliance and Company Secretary. Heis a Fellow Member of Institute of Company Secretaries of Indiaand an LLB from Delhi University besides being an AssociateMember of the All India Management Association and has a PostGraduate diploma in Industrial Relations. Rajiv brings with himexperience of over 24 years in Legal Compliance & Regulatory

Affairs functions with various Organizations.


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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 25companies to work in India according to a recentsurvey published in BUSINESS WORLD magazine ,GREAT WORK PLACES IN INDIA.

There were around 120 companies that took part inthe survey and Max New York Life insurance was

ranked at the 20thposition.


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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 businessto start operations in 2001 when the insurance sector wasopened to private participation.

A founder team member, Rajesh was amongst the first fewmanagement team members to join Max New York LifeInsurance.

He leads the company towards achieving its vision of being

the most admired life insurance company in the country.


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

fund categories

BT Mercer Ranked No.7in the Best companies to Work For

Awarded the Gallup Great Work Place Award 2009

CII Exim Bank Commendation Certificate for BusinessExcellence 2008 & 2009

Received Best Six Sigma Project award at 6th CII National SixSigma conventions 2009.

Recognized as a Superbrand, 2009 - 2010.


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Among the top 25 companies to work for in India,according to Businessworld 2003 Great Workplaces ofIndia

Among the top five most respected insurancecompanies in India as per Businessworld 2004 & 2006survey

Won Indo-American Corporate Excellence Award forBest Indo-US company in Financial Services Category in2006

Received Best Six Sigma Project award at Sakal SixSigma Excellence Awards 2006

Among top 3 in Asia Life Insurance Company of theYear Award 2007 instituted by Asia Insurance Review


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Received the Amity Corporate Excellence Award 2007

Received the Outlook Money Award for beingamong the best new insurers in the country.

Max New York Life bags the Asia InsuranceIndustry Innovation of the Year Award 2009.


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Plans in max newyork life

insurance:


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CHILD PLANS Our child plan is designed specifically to ensure that yourchild not only gets the best of education but also canexplore 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 childplan that provides the opportunity to study..

I will explain new york college plan.


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PLAN OVERVIEW

College education is the most critical juncture of your childs life; its the firsttime that your child moves out from the sheltered school life into the realworld. It is most important that this college education experience is the verybest 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 professionaleducation at the earliest, as the earlier you start, the better it will be towardsmeeting the needs of your childs higher education.

The best time to start planning is during the age group of 0-8 years as it givesyou the maximum time period to be able to build a sizeable corpus till yourchild reaches college-going age i.e. 18 years

.

So go ahead and find out more about Max New York Life's College Plan.


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ELIGIBILITY CRITERIAFeatures Specification

Minimum/Maximum Entry Age ofLife Assured (Last Birthday)

91 Days to 8 Years

Life Insured Child

On child attaining the age of 18 the

policy shall be vested to the child

Policy Term 21 - Age at Entry of the Life

Assured (Child)

Premium Payment Term 18- Age at Entry of the Life Assured

(Child)


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Minimum sum assured Minimum Sum AssuredRs. 100,000 for Corporate

Agents (excluding Axis Bank)

and Rural Agency ChannelRs. 200,000 for Agency and

other channels no limit subject

to underwriting.

.


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Maximum Sum Assured

Bonus Reversionary Bonus: The bonus

option in this plan is "compound

reversionary bonus"*. Reversionary

Bonuses are declared every yearfrom 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 sumassured of the policy and

previously declared cumulative

reversionary bonuses in previous

policy years


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Terminal Bonus: The Company may declare a Terminal Bonus after the 10th

Policy Anniversary as a percentage of Reversionary Bonus and is payableonly once during the policy lifetime. The amount of terminal bonus paidwill 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 terminalbonus 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.


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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 40%

19 20%

20 20%

21 40% + (Accrued Reversionary

Bonus + Terminal Bonus, if

any)


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BUSINESS FIGURES of mnylPREMIUM MAY , Upto may Upto may

Individual singlepremium

14.08 29.82 26.09

Individual nonsingle premium

86. 74 193.28 226.61

Group singlepremium

6.01 12.53 1.39

Group non singlepremium

5.63 8.20 18.01


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NO. OFPOLICIES

MAY , Upto may Upto may

Individual singlepremium

19 18 281

Individual nonsingle premium

3634 85248 124562

Group singlepremium

2 12 8


67 262 248


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No. Of lives May 11 Upto may 11 Upto may 10Group singlepremium

3408 24268 425438


71748 1423156 1761163


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BANCASSURANCE Axis Bank, the third-largest Indian private bank

and Max New York Life Insurance, one of India'sleading life insurance companies have forged a 10 year

strategic relationship, a first of its kind inbancassurance.

Max New York Life Insurance has signed a corporate

agency relationship with the Axis Bank and providescustomized life insurance solutions to customers viathe bank's vast network.


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competitors


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Max New York Life Insuranc Ppt