Financial Daily from THE HINDU group of publications
Wednesday, May 24, 2006
Financial Daily from THE HINDU group of publications Wednesday, May 24, 2006 |
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Money & Banking
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Life Insurance Marketing - Trends Max NY Life to cross 1 m policies Our Bureau
Visakhapatnam , May 23 Max New York Life is all set to cross one million policies by June, and the company has sold 9.3 lakh policies so far, with the sum assured being Rs 27,000 crore, said Mr Gary Bennett, its CEO and Managing Director. Addressing the press here on Monday, after inaugurating the branch, he said that the company "has built up a quality business portfolio by insuring young and healthy lives, and the sales force is widely recognised as being among the best in the Indian marketplace." He said the company had set up 66 offices in 41 cities across the country and was offering 22 products, with eight options. "We customise solutions for our policy-holders. As many as 400 product combinations are possible," he said. He said the company had 2,600 employees and over 15,000 agent-advisers. The paid-up capital was Rs 557 crore. He said the role of the regulatory authority in India was laudable and satisfactory.
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