The Work Index by Flexa

Max Financial Services Limited

Max Financial Services Limited is a leading Indian financial services company focused on life insurance and managing the largest non-bank, private life insurance company in India, Max Life Insurance.

https://maxfinancialservices.com/
5.1

/10

Transparency ranking

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Description

Max Financial Services Limited (MFSL) is a prominent Indian financial services company, operating as a part of the Max Group. MFSL's primary focus lies in the life insurance sector, managing Max Life Insurance Company Limited, one of India's largest non-bank, private life insurance companies. Max Life is a joint venture between MFSL and Axis Bank Limited, reflecting a strategic partnership designed to leverage their combined strengths in the financial market. MFSL is known for its commitment to customer-centricity, offering comprehensive protection and long-term savings solutions through a multi-channel distribution network that includes agency, bancassurance, and third-party partners.

The company distinguishes itself by its core values of "Sevabhav" (service and helpfulness), "Excellence," and "Credibility." These values permeate its culture, fostering a commitment to social impact, expertise, and transparency. MFSL's dedication to corporate social responsibility is demonstrated through its support of the Max India Foundation, which focuses on empowering children through education and livelihood skills development. The company's commitment to sustainable growth, strong governance, and innovation underscores its dedication to securing the financial well-being of its customers and stakeholders.

Mission

Max Financial Services Limited, a part of the Max Group, is focused on life insurance and actively manages Max Life Insurance Company Limited, India's largest non-bank, private life insurance company. The company's mission is to be the most preferred choice for customers, policyholders, shareholders, and employees. They are committed to doing what is right for their customers, treating them fairly, and leading the market in quality and reputation. Their goal is to be the go-to standard for partnerships and alliances with all distributors and partners, while maintaining cutting-edge standards of governance.

Environmental impact driven
Healthcare
Improving quality of life/health
Social impact led
Sustainability

Culture

Max Financial Services promotes a culture of service and helpfulness, prioritizing positive social impact. They value excellence, gathering experts and expertise to deliver the best solutions and never settling for mediocrity. They also emphasize credibility, standing by their word and ensuring transparency, integrity, respect, and good governance in all their actions.

People-first
Progressive
Supportive
Transparent

DE&I

Max Financial Services Limited, a part of the Max Group, is committed to fostering a culture of service and helpfulness with positive social impact. The company actively manages Max Life Insurance Company, India’s largest non-bank, private life insurance company, which focuses on offering comprehensive protection and long-term savings life insurance solutions, through its multi-channel distribution including agency and third-party distribution partners. However, the company's website does not provide specific information about their approach to diversity, equity and inclusion.

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