Thursday, January 24, 2008

Max New York To Unleash New Products By June

Kolkata: Max New York Life Insurance is looking at rolling out health and pension products by June this year. It also intends to have specialised products for the low income group. The company has embarked on an expansion programme called Mission Everest, under which it plans to add 13 new offices across the country by the end of 2008. Max currently has 17 offices in the country. The company plans to employ two lakh distribution agents by 2011 against the current 30,000. The company's paid-up capital was Rs 907 crore as on December 2007 and its total sum assured was Rs 62,150 crore.

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