Latest news with #AxisMaxLife
Yahoo
an hour ago
- Business
- Yahoo
India's Max Financial says hacker accessed customer data from its insurance unit
Max Financial Services on Wednesday said its insurance subsidiary Axis Max Life Insurance received communication from an anonymous sender about unauthorized access to its customer data. Without disclosing specifics, the Noida-based financial services company said in its stock exchange filing that Axis Max Life Insurance subsequently initiated an information security assessment and data log analysis. 'A detailed investigation is also underway in consultation with information security experts to assess the root cause of the incident and take remedial action, as necessary,' the company said. Axis Max Life Insurance is the fifth-largest insurer in India, with a sum assured of ₹21.9 trillion (approximately $256 billion) and assets under management of ₹1.75 trillion ($20 billion), as per the data disclosed in its latest annual report. TechCrunch has reached out to Axis Max Life Insurance and will update when the company responds. Do you have more information about the incident? From a non-work device, you can contact Jagmeet Singh securely on Signal at +44 7441 426266, or via Telegram @JagmeetS13, or email. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
TechCrunch
3 hours ago
- Business
- TechCrunch
India's Max Financial says hacker accessed customer data from its insurance unit
In Brief Max Financial Services on Wednesday said its insurance subsidiary Axis Max Life Insurance received communication from an anonymous sender about unauthorized access to its customer data. Without disclosing specifics, the Noida-based financial services company said in its stock exchange filing that Axis Max Life Insurance subsequently initiated an information security assessment and data log analysis. 'A detailed investigation is also underway in consultation with information security experts to assess the root cause of the incident and take remedial action, as necessary,' the company said. Axis Max Life Insurance is the fifth-largest insurer in India, with a sum assured of ₹21.9 trillion (approximately $256 billion) and assets under management of ₹1.75 trillion ($20 billion), as per the data disclosed in its latest annual report. TechCrunch has reached out to Axis Max Life Insurance and will update when the company responds. Do you have more information about the incident? From a non-work device, you can contact Jagmeet Singh securely on Signal at +44 7441 426266, or via Telegram @JagmeetS13, or email.
Business Standard
7 hours ago
- Business
- Business Standard
Axis Max Life Launches Nifty 500 Multifactor 50 Index Pension Fund for long-term retirement wealth creation
VMPL New Delhi [India], July 2: Axis Max Life Insurance Limited ("Axis Max Life"/ "Company"), formerly known as Max Life Insurance Company Limited, has introduced the Axis Max Life Nifty 500 Multifactor 50 Index Pension Fund, a passively managed equity pension fund designed to help policyholders build a robust retirement corpus through a diversified, factor-based investing approach. The fund mirrors the Nifty 500 Multifactor MQVLv 50 Index and combines four key investment factors-momentum, quality, value, and low volatility, to offer a powerful blend of growth and downside protection. It provides long-term investors with a well-diversified equity portfolio selected from the Nifty 500 universe, helping mitigate concentration and sectoral risks. With an emphasis on transparency and consistency, the fund will be available to policyholders with Axis Max Life Forever Young Pension Plan. Key Highlights of the Axis Max Life Nifty 500 Multifactor 50 Index Pension Fund: * Benchmark: Nifty 500 Multifactor MQVLv 50 Index * Stock Universe: Top 50 stocks from the Nifty 500 based on composite factor scores * Risk Profile: Very High * Asset Allocation: 80-100% Equity; 0-20% Cash/Money Market Instruments * NFO Period: July 1-16, 2025 at ₹10 per unit * Available with: Axis Max Life Forever Young Pension Plan Factor-Based Equity for Smarter Retirement Investing Traditional equity investing often relies on single-factor strategies or discretionary stock selection, both of which can expose investors to undue volatility or fund manager bias. The Axis Max Life Nifty 500 Multifactor 50 Index Pension Fund addresses this by offering a rule-based, multi-factor strategy that selects 50 stocks with the highest combined scores on momentum, quality, value, and low volatility. This approach is designed to capture upside potential in bull markets while offering better risk-adjusted returns and downside protection during drawdowns--critical for investors planning for retirement. Defined Investment Objective and Robust Asset Allocation The fund's objective is to generate long-term capital growth by investing in a basket of equities that mirror the Nifty 500 Multifactor MQVLv 50 Index, which comprises top-performing companies from the Nifty 500 based on composite factor scoring. The asset allocation is structured to invest 80-100% in equities and 0-20% in cash and money market instruments, with no debt exposure. The passive strategy enables close replication of index performance while limiting costs and minimizing active decision risks. With a Very-High risk profile, the fund is suitable for investors with a long-term investment horizon and higher risk appetite. About Axis Max Life Insurance Limited ( Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Ltd., is a Joint Venture between Max Financial Services Limited ("MFSL") and Axis Bank Limited. Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per annual audited financials for FY2024-25, Axis Max Life has achieved a gross written premium of INR 33,223 Cr.
The Wire
2 days ago
- Business
- The Wire
Axis Max Life Ranked Amongst Best Workplaces for 11th Consecutive Year by GPTW® Institute
New Delhi, Delhi, India (NewsVoir) • Featured in the 'Top 50 Best Workplaces for Building a Culture of Innovation by All 2025' • Featured in the 'Top 50 Best Workplaces in Health & Wellness 2024–25' • Among the 'Top 25 Best Workplaces in BFSI 2025' • Ranked 28thin the 'Top 100 Best Companies to Work For in India 2025 Axis Max Life Insurance Limited. ('Axis Max Life' / 'Company'), formerly known as Max Life Insurance Company Limited', has once again earned recognition from the Great Place to Work® (GPTW®) Institute, securing 28th rank amongst India's prestigious 'Top 100 Best Companies to Work For in 2025'. This marks our 11th year of being certified as a Great Place to Work®. This milestone reaffirms the Company's continued commitment to building a high-trust, high-performance culture that champions employee wellbeing, innovation, and inclusion. Further strengthening its credentials as an employer of choice, Axis Max Life has also been featured in the 'Top 25 Best Workplaces in BFSI 2025', the 'Top 50 Best Workplaces for Building a Culture of Innovation by All 2025', and the 'Top 50 Best Workplaces in Health & Wellness 2024–25'. These accolades reflect the organization's holistic and people-centric approach to workplace excellence, prioritizing trust, care, and empowerment across every level. Shailesh Singh, Senior Director and Chief People Officer, Axis Max Life, remarked, 'We are truly honoured to be recognised by GPTW® across multiple impactful categories. These recognitions are a testament to our sustained commitment to fostering a workplace where every employee feels valued, empowered, and inspired to thrive. At Axis Max Life, our people agenda is deeply anchored in trust, innovation, and holistic wellbeing — pillars that continue to shape a culture of purpose, performance, and progress.' The Great Place to Work® certification process involves a comprehensive evaluation of workplace culture, based on two core parameters: the Trust Index™ Survey (75% weightage), which captures the employee experience, and the Culture Audit™ (25% weightage), which assesses organizational values, leadership effectiveness, and people practices. This rigorous methodology ensures recognition is firmly rooted in authentic employee insights. About Axis Max Life Insurance Limited ( Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited, is a Joint Venture between Max Financial Services Limited ('MFSL') and Axis Bank Limited. Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per annual audited financials for FY2024-25, Axis Max Life has achieved a gross written premium of INR 33,223 Cr. About Great Place To Work Great Place To Work is a global leader in workplace culture, helping organizations create a consistently and overwhelmingly positive employee experience. The certification recognizes organizations where employees trust their leaders, take pride in their work, and enjoy strong camaraderie with colleagues—regardless of role, location, or background. At the core of the evaluation is the Trust Index™ Survey, a globally recognized tool that assesses employee experience, leadership effectiveness, and workplace culture. Companies that achieve this certification gain a benchmarked view of the key drivers of a great workplace. These insights enable organizations to unlock employee potential, boost productivity, and drive stronger business outcomes. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.).
Fashion Value Chain
2 days ago
- Business
- Fashion Value Chain
Axis Max Life Ranked Amongst Best Workplaces for 11th Consecutive Year by GPTW Institute
Featured in the 'Top 50 Best Workplaces for Building a Culture of Innovation by All 2025' Featured in the 'Top 50 Best Workplaces in Health & Wellness 2024-25' Among the 'Top 25 Best Workplaces in BFSI 2025' Ranked 28thin the Top 100 Best Companies to Work For in India 2025 Axis Max Life Insurance Limited. ('Axis Max Life' / 'Company'), formerly known as Max Life Insurance Company Limited', has once again earned recognition from the Great Place to Work (GPTW) Institute, securing 28th rank amongst India's prestigious 'Top 100 Best Companies to Work For in 2025'. This marks our 11th year of being certified as a Great Place to Work. This milestone reaffirms the Company's continued commitment to building a high-trust, high-performance culture that champions employee wellbeing, innovation, and inclusion. Axis Max Life ranked amongst Best Workplaces for 11th consecutive year by GPTW Institute Further strengthening its credentials as an employer of choice, Axis Max Life has also been featured in the 'Top 25 Best Workplaces in BFSI 2025', the 'Top 50 Best Workplaces for Building a Culture of Innovation by All 2025', and the 'Top 50 Best Workplaces in Health & Wellness 2024-25'. These accolades reflect the organization's holistic and people-centric approach to workplace excellence, prioritizing trust, care, and empowerment across every level. Shailesh Singh, Senior Director and Chief People Officer, Axis Max Life, remarked, 'We are truly honoured to be recognised by GPTW across multiple impactful categories. These recognitions are a testament to our sustained commitment to fostering a workplace where every employee feels valued, empowered, and inspired to thrive. At Axis Max Life, our people agenda is deeply anchored in trust, innovation, and holistic wellbeing – pillars that continue to shape a culture of purpose, performance, and progress.' The Great Place to Work certification process involves a comprehensive evaluation of workplace culture, based on two core parameters: the Trust Index™ Survey (75% weightage), which captures the employee experience, and the Culture Audit™ (25% weightage), which assesses organizational values, leadership effectiveness, and people practices. This rigorous methodology ensures recognition is firmly rooted in authentic employee insights. About Axis Max Life Insurance Limited ( Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited, is a Joint Venture between Max Financial Services Limited ('MFSL') and Axis Bank Limited. Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. It has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. As per annual audited financials for FY2024-25, Axis Max Life has achieved a gross written premium of INR 33,223 Cr. About Great Place To Work Great Place To Work is a global leader in workplace culture, helping organizations create a consistently and overwhelmingly positive employee experience. The certification recognizes organizations where employees trust their leaders, take pride in their work, and enjoy strong camaraderie with colleagues-regardless of role, location, or background. At the core of the evaluation is the Trust Index™ Survey, a globally recognized tool that assesses employee experience, leadership effectiveness, and workplace culture. Companies that achieve this certification gain a benchmarked view of the key drivers of a great workplace. These insights enable organizations to unlock employee potential, boost productivity, and drive stronger business outcomes.
