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Friday, February 3, 2023
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InsuranceYes Bank – Max Life Insurance

Yes Bank – Max Life Insurance

Did you hear the name Yes Bank – Max Life Insurance? If not, then, please keep going with the post. You will get your explanations.

Insurance is an object of recommendation. Life Insurance developments are required and consent to Max Life Insurance Company Ltd. The life insurance agreement is between the proposer one company and Max life insurance company. Thus, Yes Bank Limited works as a helping hand agent of Max Life Insurance Company Ltd.

As Yes Bank and Max Life have a partnership between them to sell Life Insurance they offer their customers financial protection on their journey. Max Life and Yes Bank Ltd have sold 4.2 lakh policies through their partnership. They offered 55,498 crores of sum assured to their policyholders.

Let’s see additional information about the strategic planning of this insurance company.

History of Yes Bank – Max Life Insurance

The partnership between the two renowned companies was assigned on February 23, 2005. This year, 2022  Yes Bank and Max Life Insurance Company have celebrated their 17 years of technical bancassurance partnership. Prashant Tripathi, Md and CEO of Max life said that “I would like to thank Yes Bank for helping strengthen one of the industry’s most successful relationships. Over the years, this enduring partnership has enabled us to protect the financial goals of more than three lakh customers and their families.”

Max Life has extended the bancassurance tie-up for another 5 years with Yes Bank in 2020. Do you know why Yes Bank is selling Max Life Insurance? Yes Bank is an agent and receives a commission from Max Life for selling their policies. Let’s introduce the two famous companies entirely:

Max Life Insurance Company Ltd.

Max Life Insurance company is comprehended as Max New York Life Insurance. It is such a life insurance company that is a joint project between Max India Ltd. and Axis Bank. This company was launched in 2000 and it started operating in 2001. The company Max Life Insurance Ltd. is the 6th largest life insurance company in India. It is a non-bank private sector company. 

At present, the name of the chairman of Max Life Insurance is Analjit Singh and the Managing Director and chief executive officer (CEO) is Prashant Tripathy. The headquarters is located in New Delhi of the company Max Life. The company’s net income is 440 crore. The total assets of this company are 65,825 crores.

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Yes Bank Ltd.

 Yes Bank is India’s sixth largest bank. With over 18,000 employees Yes Bank is a fundamental part of India’s economic ecosystem. In 2004, the bank began in the hands of Rana Kapoor, Ashok Kapur and Harkrit Singh. They started their operations and got their banking license in 2004. 

At that time, the CEO was Rana Kapoor. And the chairman was Ashok Kapur. Yes Bank’s profits from 2008 to 2018 have increased by 35% CAGR. In 2018, on the 20th of August Yes Bank shared an all-time high hit by Rs. 404.

For your convenience, I am writing those plans which are offered by Yes Bank – Max Life Insurance.

Is it safe to buy insurance from Max Life Insurance?

You have a common question: is it steady to buy a life insurance  policy from Max Life Insurance? Yes, it is absolutely safe and nothing to worry about. You are getting investment bonds from Max Life Insurance and it is not related to the Bank’s share. 

Don’t mix insurance with investment. Always consider a life insurance company’s credibility rather than banks cause the policy is solely issued by life insurance. Max Life Insurance is a good company. So, there are no issues in their policy and investment. You can apply for life insurance online just by registering at www.maxlifeinsurance.com.

Plans for Max Life Insurance

Max life insurance plans are divided into some specific kinds. The plans under Max Life Insurance are:

  • ULIP plans
  • Term insurance
  • Savings plan
  • Plans for NRIs
  • Retirement plans
  • Child plans
  • Cancer cover plans

In their term insurance plans, you can enjoy some of the best benefits like:

  • High life cover at a low price premium
  • Critical illness coverage
  • Tax benefits
  • Policy break benefits
  • Different premium payment options

In their other investment plans the benefits you can enjoy like:

  • Long-term wealth accumulation
  • Guaranteed payouts
  • Tax benefits
  • Financial Protection throughout life
  • Life Insurance safety for family

End talk

I have tried my best to keep up your attention to the post by giving important information related to your asking. Hope you possess your answers.

If you have any other questions about Yes Bank – Max Life Insurance, you can visit their website. You can email them. As well as you can visit their headquarters. This bank is highly recommended because it has shown some amusing struggles in achieving people’s trust.

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