Prashant Tripathy, CEO and Managing Director, Max Life said “ With our presence in Dubai, we are not only extending our reach to the Gulf region and enhancing our brand awareness, but also bridging the geographical gap to ensure that our NRI customers experience a seamless approach in meeting their life goals”
New Delhi:
Max Life Insurance Company has expanded its presence in the Middle East region with the opening of its first representative office in Dubai, United Arab Emirates (UAE). The office will assess opportunities to fulfill the emergent needs of its customer base in the UAE.
This will be company’s first overseas foray.
ICICI Prudential Life Insurance has an operations in Dubai while HDFC Life has a reinsurance outfit in Dubai Financial Centre(DFC). Life Insurance Corporation has also set up its business in Bahrain.
The new onshore office strengthens Max Life’s presence in the Gulf Cooperation Council (GCC) zone and helps cater to the servicing needs of the region’s customer segment.
With this presence, Max Life aims to provide the same level of compassion, affinity, and customer delight to their customers based in the UAE, at par with the Indian market.
Prashant Tripathy, CEO and Managing Director, Max Life said “ With our presence in Dubai, we are not only extending our reach to the Gulf region and enhancing our brand awareness, but also bridging the geographical gap to ensure that our NRI customers experience a seamless approach in meeting their life goals.”
The company’s Asset under Management (AUM) stands at Rs 1.23 trillion and have grown at a CAGR of 19 per cent over the last five years.