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New Delhi [India], January 12 (ANI/NewsVoir): Max Life Insurance Co Ltd has announced that it disbursed 30,830 death claims worth INR 2,009 crore in the financial year 2021-22, attaining an individual death claims paid ratio of 99.34 per cent. With this, Max Life has surpassed the coveted 99 per cent benchmark for three consecutive financial years. Max Life has deployed predictive analytics-based underwriting models and robust fraud management, strengthened by digitized forensic controls, to ensure a seamless claims settlement process for its customers. With this, over the last five years, Max Life has consistently improved its claims paid ratio from 98.26 per cent 1 in FY'18 to 99.34 per cent in FY'22. Prashant Tripathy, MD & CEO, Max Life said, "The moment of truth for any life insurer comes at the time of 'claims settlement' - the most crucial juncture of the insurer-customer relationship. By achieving a claims settlement ratio of 99.34 per cent and surpassing the 99 per cent threshold for the third time in a row, Max Life is committed to fulfilling its promise to its customers. Our claims settlement ratio as the 'India ke Bharose Ka Number' lives up to our purpose of ensuring financial security to families when they need it the most." Over the years, Max Life has strengthened its digital servicing initiatives to ensure quick and hassle-free claims disbursal to its customers. The Company has been proactive in providing customers with swifter, frictionless services and superior customer experience. This has enabled Max Life to build long-term trust, enhance customer satisfaction and improve its Net Promoter Scores (NPS). IRDAI Annual Report 2021 - 22 can be accessed at: www.irdai.gov.in/ADMINCMS/cms/frmGeneral_Layout.aspx?page=PageNo4901&flag=1 Max Life Insurance Company Limited is a Joint Venture between Max Financial Services Limited and Axis Bank Limited. Max Financial Services Ltd., is a part of the Max Group, an Indian multi-business corporation. Max Life offers comprehensive protection and long-term savings life insurance solutions, through its multi-channel distribution including agency and third-party distribution partners. Max Life has built its operations over two decades through a need-based sales process, a customer-centric approach for engagement & service delivery and trained human capital. As per public disclosures and annual audited financials for FY21-22, Max Life has achieved a gross written premium of INR 22,414 crore. For more information, please visit the Company's website at www.maxlifeinsurance.com. + Basis IRDAI Annual Report 2021-22 1 Basis IRDAI Annual Report 2017-18 * Bharose Ka Number is Max Life's Brand Campaign on the Claims Paid Ratio. Claims Paid Ratio is a ratio of the death claims paid against the number of death claims received in a Financial Year. This story has been provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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New Delhi ,Delhi ,India ,Prashant Tripathy ,Max Financial Services Ltd ,Axis Bank ,Max Group ,Max Financial Services ,Max Life Insurance Co Ltd ,Max Life Insurance Company ,Max Life ,Bharose Ka Number ,Net Promoter Scores ,Life Insurance Company Limited ,Joint Venture ,Max Financial Services Limited ,Brand Campaign ,Claims Paid ,Claims Paid Ratio ,New Delhi India ,Anuary 12 Ani Newsvoir Max Life Insurance Co Ltd Has Announced That It Disbursed 30 ,830 Death Claims Worth Inr 2 ,009 Crore In The Financial Year 2021 22 ,Ttaining An Individual Death Claims Paid Ratio Of 99 34 Per Cent With This ,Ax Life Has Surpassed The Coveted 99 Per Cent Benchmark For Three Consecutive Financial Years Max Deployed Predictive Analytics Based Underwriting Models And Robust Fraud Management ,Trengthened By Digitized Forensic Controls ,O Ensurea Seamless Claims Settlement Process For Its Customers With This ,Over The Last Five Years ,Ax Life Has Consistently Improved Its Claims Paid Ratio From 98 26 Per Cent 1 In Fy 39 18 To 99 34 22 Prashant Tripathy ,Md Amp Ceo ,Ax Life Said ,Uot The Moment Of Truth For Any Life Insurer Comes At Time 39 Claims Settlement Most Crucial Juncture Customer Relationship By Achievinga Ratio 99 34 Per Cent And Surpassing Threshold Third Ina Row ,Ax Life Is Committed To Fulfilling Its Promise Customers Our Claims Settlement Ratio As The 39 India Ke Bharose Ka Number Lives Up Purpose Of Ensuring Financial Security Families When They Need It Most Quot Over Years ,Ax Life Has Strengthened Its Digital Servicing Initiatives To Ensure Quick And Hassle Free Claims Disbursal Customers The Company Been Proactive In Providing With Swifter ,Rictionless Services And Superior Customer Experience This Has Enabled Max Life To Build Long Term Trust ,Nhance Customer Satisfaction And Improve Its Net Promoter Scores Nps Irdai Annual Report 2021 22 Can Be Accessed At Www Gov In Admincms Cms Frmgeneral Layout Aspx Page Pageno4901 Amp Flag 1 Max Life Insurance Company Limited Isa Joint Venture Between Financial Services Axis Bank Ltd ,Sa Part Of The Max Group ,N Indian Multi Business Corporation Max Life Offers Comprehensive Protection And Long Term Savings Insurance Solutions ,Hrough Its Multi Channel Distribution Including Agency And Third Party Partners Max Life Has Built Operations Over Two Decades Througha Need Based Sales Process ,A Customer Centric Approach For Engagement Amp Service Delivery And Trained Human Capital As Per Public Disclosures Annual Audited Financials Fy21 22 ,Ax Life Has Achieveda Gross Written Premium Of Inr 22 ,414 Crore For More Information ,Lease Visit The Company 39s Website At Www Maxlifeinsurance Com Basis Irdai Annual Report 2021 22 1 2017 18 Bharose Ka Number Is Max Life Brand Campaign On Claims Paid Ratio Isa Of Death Against Received Ina Financial Year This Story Has Been Provided By Newsvoir Ani Will Not Be Responsible In Any Way For Content Article ,

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