Up to date: Mar 08, 2021 17:48 IST
New Delhi [India], March 8 (ANI/NewsVoir): Max Life Insurance coverage Co. Ltd and YES BANK Restricted at the moment marked an necessary enterprise milestone upon finishing 16 years of their strategic bancassurance partnership.
Celebrating the milestone, the 2 corporations have reiterated their dedication in the direction of constructing a digitally enabled ecosystem that gives clients with a seamless expertise of their monetary planning and safety journey.
Over the past sixteen years, the businesses collectively have offered roughly 3.89 lakh insurance policies, and provided sum assured value Rs 51,780 crores to policyholders and their households.
Commenting on the milestone, Prashant Tripathy, Managing Director and CEO, Max Life, mentioned, “The business has been by way of an unprecedented interval over the past one 12 months, and it’s on the again of long-standing and profitable partnerships like YES BANK-Max Life that we’ve grown and served our clients with out disruption.
We extremely worth the partnership with the financial institution for his or her unwavering integrity, monetary power, and distribution prowess, and stay up for collectively setting new benchmarks within the coming years”.
He added, “I want to thank YES BANK and our clients for serving to us construct one of many longest-standing and profitable relationships within the business. Over the subsequent few years, our goal is to strengthen our strategy to supply superior buyer expertise by deploying new-age know-how, providing new merchandise, and enhancing service efficiencies.”
Rajan Pental, World Head – Retail Banking, YES BANK, mentioned, “Our long-standing partnership with Max Life Insurance coverage has not solely helped us ship new and related choices, but additionally improve the general buyer expertise. We’re happy to have fun this milestone and reinforce our dedication to providing holistic monetary options to our clients. We stay up for strengthening our partnership meaningfully within the years to come back.”
Max Life Insurance coverage Co. Ltd. (“Max Life”) is a three way partnership between Max Monetary Providers Ltd. and Mitsui Sumitomo Insurance coverage Co. Ltd. Max Monetary Providers Ltd. is part of the Max group, an Indian multi-business company, whereas Mitsui Sumitomo Insurance coverage is a member of MS&AD Insurance coverage group.
Max Life presents complete safety and long-term financial savings life insurance coverage options, by way of its multi-channel distribution together with company and third distribution companions.
Max Life has constructed its operations over virtually 20 years by way of a need-based gross sales course of, a customer-centric strategy to engagement and repair supply and educated human capital.
As per public disclosures, in the course of the monetary 12 months 2019-20, Max Life achieved a gross written premium of Rs 16,184 crore. As of March 31, 2020, the Firm had Rs 68,471 crore of belongings beneath administration (AUM) and a Sum Assured in Power of Rs 913,660 crore.
For extra data, please go to the corporate’s web site at www.maxlifeinsurance.com
YES BANK is a ‘Full-Service Business Financial institution’ offering an entire vary of merchandise, providers and technology-driven digital choices, catering to Retail, MSME in addition to company purchasers.
YES BANK operates its Funding banking, Service provider banking & Brokerage companies by way of YES SECURITIES and its Mutual Fund enterprise by way of YES Asset Administration (India) Restricted, each wholly-owned subsidiaries of the Financial institution.
Headquartered in Mumbai, it has a Pan-India presence throughout all 28 states and eight Union Territories in India together with an IBU at GIFT Metropolis, and a Consultant Workplace in Abu Dhabi.
For extra data, please go to the Financial institution’s web site at www.yesbank.in.
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