ENVIRONMENT, SOCIAL, AND GOVERNANCE
ENVIRONMENT, SOCIAL, AND GOVERNANCE
Our Approach towards Sustainability: Building a Secured Future for All
At Max Life, our vision is to be the most admired life insurance company by securing the financial future of our customers. In true spirit, our employees embody this vision and inspire people to increase the value of their lives while keeping integrity at the core of everything we do. As an organisation, we differentiate ourselves from others in the way we do business – with Empathy, Transparency, and Accountability.
Anchored to the core fundamentals of ‘Sevabhav’, credibility, and excellence of the Max Group, we, at Max Life, have made it our mission to deeply cherish and pursue in our day-to-day operations the values of growth mindset, customer obsession, collaboration, and caring. We have always acted proactively to safeguard the interests of our customers, employees, community members, and other stakeholders. Our profound commitment is reflected in our sharper, focused, and more impactful Environmental Social, and Governance (ESG) programmes. We strive for an equally diverse and inclusive workplace, committed to leading industry best practices in governance. We are taking strides each day toward mitigating the impacts of climate change with an arsenal of ESG strategies designed to align our goals with material topics.
Our Transformational ESG Strategy
We introduced a long-term, transformational ESG strategy in 2021 that carved our sustainable goals, beliefs, and our position as one of India’s top life insurance companies. We consistently strive to create a sustainable future by focusing on our strategic areas.
Working Sustainably and Ethically
A robust corporate governance framework and ethical business practices are fundamental to sustainable functioning. We constantly work towards earning our customers’ trust as their preferred financial partners and assuring their financial security. With this vision guiding us, we hope to positively impact the nation and propel the sustainable growth of our local communities.
Care for People and the Community
People are the bedrock of Max Life’s success. Building a progressive organisation driven by our purpose of inspiring people to increase the value of their lives remains our North Star. Diversity, equity, and inclusion are at the heart of our operations, and we had encouraging results in FY 22 deploying enabling programs and initiatives. Today, more than 45% of our sales agents are women, the highest in India’s life insurance sector.
Financial Responsibility
We have a financial obligation to meet our customers’ needs for long-term protection and savings while protecting the interests of other stakeholders. We are conscious of the potential influence that our investments may have on people’s lives. To encourage sustainable behaviour that will lead to wealth creation, we must consider ESG concerns while making investment decisions.
Green Operations
We ensure to take appropriate measures to address key areas of concern within the organisation to reduce our environmental footprint. We address issues such as waste management, water conservation, emissions reduction, and energy conservation through internal operations.
