Key Performance Measures

Gross Written Premium1
16,184 CR2


1As per IND-AS Consolidated Financials
2All the above figures are Max Life Financials
Shareholders’ Profit After Tax
539 CR


Value of New Business
897 CR


5-Year Performance Trajectory

Shareholder Pre-Tax Profit and Gross Written Premium

Assets Under Management

Our Enterprise

Max India Limited, a part of the leading Indian conglomerate Max Group, has a presence in the senior care and skilling industry. It is the holding company of Antara Senior Living Limited, Antara Assisted Care Services Limited and Max SkillFirst.

Max Financial Services Limited (MFSL) is part of the leading business conglomerate – the Max Group. Focussed on Life Insurance, MFSL owns and actively manages a 72.52% stake in Max Life Insurance, India’s largest non-bank, private life insurance company. MFSL earned a revenue of ₹ 18,242 Cr. in FY2020.

Incorporated in 2015, Max Ventures & Industries Limited (MaxVIL) operates across two core businesses of Real Estate and Specialty Packaging Films through its subsidiary companies – Max Estates Limited, Max Asset Services Limited, Max I. Limited and Max Speciality Films Limited.

Our Path

Our Vision

To be the most admired company for protecting and enhancing the financial future of its customers.

Our Mission

Be the most preferred category choice for customers, policyholders, shareholders and employees.

Do what is right for our customers, and treat them fairly.

Lead the market in quality and reputation.

Be the go-to standard for partnerships and alliances with all distributors and partners.

Maintain cutting edge standards of governance.

Our Values


We encourage a culture of service and helpfulness so that our actions positively impact society. Our commitment to Seva defines and differentiates us.


We give you our word. And we stand by it. No matter what. A ‘No’ uttered with the deepest conviction is better than a ‘Yes’ merely uttered to please, or worse, to avoid trouble. Our words are matched by our actions and behaviour.


We gather the experts and the expertise to deliver the best solutions for life’s many moments of truth. We never settle for good enough.

Chairman & MD’s Letter

We have held the belief that Max Group’s growth and progress have been shaped to a significant extent by its very conscious and selective find of joint venture (JV) partners and the success of these JVs over the last three decades. As a result, our portfolio of JV partners is long and storied with names such as New York Life, Mitsui Sumitomo Insurance, among others.

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Board of Directors

Tara Singh Vachani,
Managing Trustee, Max India Foundation
Business Responsibility Review

In 2019, MIF chose to reinvent itself and identified Education as its new area of focus with a resolve to work towards plugging the gaps in India’s education system, particularly in areas of value-based education and quality schooling.

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Annual Report 2019 - 2020