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11	11	* Max Life outperformed the private industry as well as top 3 private players in 9M FY21. Max Life grew 11%, while top 10 private players de-grew by 5%
12	12	* Govt of Singapore buys 1.7% stake in Max Financial in June 2021.
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17	17	= Company Overview =
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19	19	Max Financial Services Limited (MFS), a part of the Max Group, is the holding company for Max Life, India’s largest non-bank, private life insurance company. {{footnote}}https://www.maxfinancialservices.com/about-us/{{/footnote}}
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	18	+The Company’s vision is to be the most admired company for protecting and enhancing the financial future of its customers. This vision is founded on a clear set of values t[[image:MFSL0.jpg||height="253" style="float:right" width="449"]]hat are shared across the Group – Sevabhav, Excellence and Credibility.
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22		-The Company’s vision is to be the most admired company for protecting and enhancing the financial future of its customers. This vision is founded on a clear set of values that are shared across the Group – Sevabhav, Excellence and Credibility.
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25	25	Max Financial Services owns and actively manages a majority stake in Max Life Insurance Company Limited, making it India’s first listed company focused exclusively on life insurance. Max Life is a joint venture with Mitsui Sumitomo Insurance (MSI), a Japan-headquartered global leader in life insurance.
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28	28	Max Life is India’s fourth largest private life insurance company. It has emerged as a benchmark for the life insurance industry in India across several dimensions including customer persistency, high-performance bancassurance and agency channels, enviable relationships with distribution partners, strong and tenured management, focus on long-term savings and protection products and superior management of costs.
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31	31	Max Financial Services Limited is listed on the Bombay Stock Exchange as well as the National Stock Exchange. The company’s investor base includes marquee global financial institutions such as KKR, Baron, Ward ferry, New York Life, Vanguard, Blackrock, Jupiter, Norges, Neuberger Burman, Eastspring and Dimension.
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34	34	The other entities in the Max Group are Max India Limited, which has a presence in the senior living and healthcare industry, and Max Ventures and Industries Limited, which serves as the Group’s entrepreneurial arm to explore the ‘wider world of business.’
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37	37	Following the demerger of the erstwhile consolidated Max India Limited, the Max Group continues to be bound together by common values and works together to benefit from enterprise synergies.
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40	40	== Max Life Insurance ==
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42	42	Max Life Insurance, one of the leading private life insurer, 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 long term savings, protection and retirement solutions through its high quality agency distribution and multi-channel distribution partners. Through its range of 24 products and 9 riders For its individual and group customers, the Company offers solution as per customer needs across life stage. {{footnote}}https://www.maxfinancialservices.com/our-business/{{/footnote}}
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66	66	[[image:MFSL1.png]]
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70	70	= Business Overview =
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