Categories: Business

Max Life introduces Instant Insurance Confirmation (Insta-COI)+

Max Life Insurance have launched another digital solution Instant Insurance Confirmation (Insta-COI)+.Through recent digital interventions like chatbot and WhatsApp servicing, Max Life has provided novel service experiences. The Company also added a financial payout services function to its website, which made it quick and hassle-free for clients and improved the whole digital experience, supporting its aim to be ubiquitous for its customers.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

KEY POINTS:

  • The digitization of onboarding processes for paperwork makes this project viable.
  • This solution, which is supported by AI-enabled smart underwriting, is currently available for some low-risk prospects who select an amount insured of up to INR 25 Lakh.
  • A joint venture between Max Financial Services Limited and Axis Bank Limited is called Max Life Insurance Company Limited. A multi-business firm based in India, the Max Group includes Max Financial Services Ltd.
  • Through its multi-channel distribution, which includes agency and third-party distribution partners, Max Life offers complete protection and long-term savings life insurance solutions.

About Max Life Progress:

  • Through a need-based sales process, a customer-centric approach to engagement and service delivery, and educated human resources, Max Life has grown its operations over the course of two decades.
  • According to yearly audited financial statements and public disclosures for FY 21–22, Max Life generated a gross written premium of INR 22,414 crore.
  • The Company had INR 1,07,510 crore in assets under management (AUM) as of March 31, 2022, and INR 1,174,515 crore in Sum Assured in Force.

Find More Business News Here

Madhavi Gaur

Recent Posts

Indian Oil Welcomes Arvindar Singh Sahney as New Chairman

Arvindar Singh Sahney has been appointed as the new chairman of Indian Oil Corporation (IOC),…

12 hours ago

List of Chief Justice of India from 1950-2024

Chief Justice of India The Chief Justice of India (CJI) is the highest-ranking judge and…

13 hours ago

MHA Greenlights CISF’s First All-Women Unit

The Ministry of Home Affairs (MHA) has approved the creation of the Central Industrial Security…

13 hours ago

Aravindh Chithambaram Clinches Masters Title at Chennai Grandmasters 2024

GM Aravindh Chithambaram made a remarkable late surge in the final rounds, winning the last…

13 hours ago

PM Modi’s Three-Nation Visit: G20 Summit in Brazil, Nigeria, and Guyana (Nov 16-21)

Prime Minister Narendra Modi is set to undertake a crucial three-nation tour from November 16-21,…

14 hours ago

New Bike Taxi Service by Delhi Metro Includes Women-Driven Rides

Delhi Metro has introduced a new bike taxi service, available for booking through the official…

14 hours ago