Only Indian life insurer in the region to feature on the coveted list
New Delhi, July 26, 2021 – Great Place to Work®, the global authority on workplace culture, ranked Max Life Insurance Co. Ltd (“Max Life”) 55th on the Best Workplaces in AsiaTM 2021 list. In the largest collection of employee experiences in Asia, over 3.3 million employees from across 16 countries in Asia and the Middle East were surveyed to determine the Best WorkplacesTM in the region.
This recognition is based on confidential survey data assessing employee experiences of trust, innovation, company values and leadership. Interestingly, organizations from India constitute 21% of the Best Workplaces in Asia 2021, making it the country with the highest representation on the list.
Commenting on this accomplishment, Shailesh Singh, Senior Director and Chief People Officer, Max Life said, “We are thrilled and proud to be a part of the prestigious list, and would like to dedicate this to our employees. As the only Indian life insurance company across Asia, the achievement is even more special for us and compliments our consistent efforts to build a best in class workplace. With many more milestones to go, I am excited what the future holds with the dedication of our people, the strength of our values and most importantly, with our incredible, winning culture.”
The accomplishment in a particularly difficult year on the back of Covid-19, is a testimony to Max Life’s value-driven culture and ‘People First’ practices around employee engagement and talent development that have formed the bedrock of sustained business success. Employee wellness remained a key focus area at Max Life, where physical and mental wellbeing of the people continues to be of utmost priority during the pandemic. Building upon harmony and togetherness as essential factors of building a future ready-workforce, Max Life invested meaningfully in nurturing its culture of care during a largely remote period.
The companies recognized amongst the Best Workplaces in AsiaTM have scored 10% better than the organizations listed amongst the concurrent national lists. This essentially demonstrates enhanced levels of workplace culture that sets them a notch above counterparts in their respective countries. The Best Workplaces in AsiaTM also had 15% more employees report:
- Feeling that management involves people in its decision-making
- Receiving special and unique benefits
- Receiving a fair share of the profits made by the organization
About Max Life Insurance (www.maxlifeinsurance.com)
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 almost two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital.
As per public disclosures and annual audited financials for FY20-21, Max Life has achieved a gross written premium of INR 19,018 crore. As of 31st March 2021, the Company had INR 90,407 crore of assets under management (AUM) and a Sum Assured in Force of INR 1,087,987 crore.
How Great Place to Work® determines the Best Workplaces in AsiaTM
Great Place to Work identifies the Best Workplaces in Asia by analyzing companies’ workplace programs and surveying employees across Asia and the Middle East about the key factors that create great workplaces for all.
To be considered, companies must first be identified as outstanding in their local region by appearing on one or more of our Best WorkplacesTM lists in China India, Japan, Philippines, Qatar, Saudi Arabia, Singapore, South Korea, Sri Lanka or UAE during 2020 or early 2021.
Companies rank in three size categories: Small and Medium (10-499 employees); Large (500+); and Multinational. Multinational organizations are also assessed on their efforts to create great workplaces across multiple countries in the region.
About Great Place to Work®
Great Place to Work® is the global authority on workplace culture. Since 1992, they have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace: trust. Their employee survey platform empowers leaders with the feedback, real-time reporting and insights they need to make strategic people decisions. Everything they do is driven by the mission to build a better world by helping every organization become a great place to work For AllTM.