Max Life Insurance, one of the leading life insurance companies in India, has been recognized as one of the top 15 ‘Best Workplaces in BFSI (Banking, Financial Services and Insurance Sector)’ in a study conducted by the prestigious Great Place to Work institute. What makes the recognition even more significant is the fact that more than 600 companies participated in the survey this year, out of which 55 were from the BFSI sector. The achievement is a testimony to Max Life’s values-driven culture and strong practices around employee engagement and talent development, which have been the bedrocks of sustained business success.
Mr. Shailesh Singh, Director and Chief People Officer, Max Life Insurance
Speaking about the achievement Mr. Shailesh Singh, Director and Chief People Officer, Max Life Insurance said, “It is indeed a proud moment for us. The recognition strengthens our commitment to raising the bar on building a great workplace. Any organization across any sector stands tall basis the passion and dedication its employees have for their company and the business it is engaged in. It is the culture of excellence, customer centricity and meritocracy along with a highly talented team that we have developed over the years, to help us being amongst the best today. The result of our efforts on people centricity resonates equally in our focus on customer centricity and superior business numbers.”
The recognition holds a lot of credibility with its holistic and credible dual-lens methodology. Great Place to Work Institute has been accessing workplace cultures across hundreds of organizations in India for more than a decade. The first lens looks at workplaces from the employees’ perspective and assigns a two-third weight to the voice of employees. The remaining one-third is assigned based on the strength of people practices implemented across the organization.
The achievement is a result of consistent efforts that the organization made for the well being of its employees. At Max Life employees are encouraged to be proud of what they do, share their ideas, collaborate with others and realise their full potential and also help other people realise theirs. We strive to create a working environment where people are cared, feel respected and feel professionally fulfilling. We are committed to doing what is right, as part of our mission and listening to voices from outside and inside becomes very critical. Emphasis is laid on bottom-up and purpose backward communication, which acts as internal lever of growth.
The organization nurtures a culture of meritocracy through setting of aspirational goals and objective assessments done in a transparent and fair manner. A robust performance management system enables high performance culture by providing clarity and alignment on organization and individual employee goals. Above all, the organization believes in collaborating – working together to achieve results, which is the bedrock of our values. Max Life believes in the power of one, as every employee partners in the company’s progress by providing their views, thoughts and inputs. The entire organization is aligned from top-down to work collectively towards the strategic direction that we set out through rigorous consultation and discussions with our employees.
About Max Life Insurance Co. Ltd. (www.maxlifeinsurance.com)
Max Life Insurance, one of the leading life insurers, is a joint venture between Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max Financial Services Ltd. is part of the Max Group, which is a leading Indian multi-business corporation, while Mitsui Sumitomo Insurance is a member of MS&AD Insurance Group, which is amongst the leading insurers in the world. Max Life Insurance offers comprehensive life insurance solutions for long term savings, protection and retirement through its high quality agency distribution and multi-channel distribution partners. A financially stable company with a strong track record over the last 17 years, Max Life Insurance offers superior investment expertise. Max Life Insurance has the vision ‘To be the most admired life insurance company by securing the financial future of our customers‘. Max Life has a strong customer-centric approach focused on advice-based sales and quality service delivered through its superior human capital.
During the Financial Year 2016-17, Max Life Insurance achieved gross written premium of Rs. 10,780 crore and had sum assured in force of Rs. 3,77,572 crore. As on 31st March 2017, Max Life had Rs. 44,370 crore of Assets Under Management. As on 31st March 2017, Max Life had 39,13,000 policies in-force which were procured and now services through its 9,446 employees, 54,283 agent advisors at its 210 own offices across the country.