OUR STORY
Max Life Pension Fund Management Ltd. is a wholly owned subsidiary of Max Life Insurance Company Limited which is India’s leading private life insurance company managing Asset Under Management (AUM) of Rs. 1 lakh+ Crore (Source: Max Life Public disclosure, FY 21-22)
Max Life Pension Fund Management Ltd. registered as a Pension Fund Manager (PFM) under Pension Fund Regulatory & Development Authority (PFRDA) to manage pension corpus for the subscribers of NPS. The team at Max Life Pension Fund Management are a group of seasoned executives with extensive experience and are well equipped in investing & managing diversified asset classes.
Experience of managing high AUM
Over the last 2 decades, Max Life Insurance’s total assets under management have grown over Rs. 1 lakh Cr., which is a testament to consistent and long-term performance of the portfolio .
Robust investment portfolio
Max Life Insurance’s current product portfolio includes the entire spectrum of investments, starting from accumulation to annuitization of savings through endowment, pension, non-par savings, ULIP and annuity products
Vision
We envisage the financial independence of our customers by being the most admired longevity finance solution experts and securing their future
Mission
To strive to provide best-in-class digital services to our customers for their retirement financial planning needs
To serve our customers through apt retirement financial road map and commitment to doing what is right
To offer professionally managed industry best returns and services, conveniently
To be a strong socially relevant business offering best value added and innovation services to our customers
Values
Sevabhav
We encourage a culture of service and helpfulness so that our actions positively impact society. Our commitment to Seva defines and differentiates us. Positive Social Impact | Helpfulness | Culture of Service | Mindfulness
Excellence
We gather the experts and the expertise to deliver the most optimum retirement solutions for you. We never settle for good enough.
Expertise
Dependability | Entrepreneurship | Business Performance
Credibility
We give you our word and we stand by it, no matter what. A “NO” uttered with the deepest conviction is better than a “YES” merely uttered to please, or worse, to avoid trouble. Our words are matched by our actions and behavior. Transparency | Integrity | Respect | Governance
INVESTMENT PHILOSOPHY
The investment philosophy of Max Life Pension Fund Management Ltd aims to maximize risk adjusted returns on a consistent and long-term basis. The overall investment strategy adheres to guidelines as released by PFRDA.
Our focus is on generating adequate returns on subscriber investments while complying with norms pertaining to overall ‘Risk management’, ‘Compliance and Corporate Governance’,‘Conflict of Interest’ and all other required protocols.
Investments across asset classes are made to maximize returns while managing all market and portfolio related risks. Fixed Income investments consider Interest rate risk, Credit risk and Liquidity risk. Equity investments are made in stocks from the pre-approved investment universe provided by PFRDA.
BOARD OF DIRECTORS
Mr. Prashant Tripathy
A seasoned professional with over two decades of experience across Finance, Strategy, Operations, Risk Management and Investor Relations, Mr. Prashant Tripathy leads Max Life Insurance as the Managing Director & Chief Executive Officer. Having spent 15 years with the Company, Prashant was earlier the Chief Financial Officer of the Company, spearheading Financial Management and the Corporate Strategy, as well as playing a critical role in managing Investor Relations and Communications for Max Financial Services Ltd., the parent company of Max Life Insurance. Prior to joining Max Life, Prashant was associated with GE and Genpact for eight years in India as well as in the UK. Prashant holds a degree in Engineering from IIT Kharagpur and is a Post Graduate in Management from IIM Bangalore.
Mr. K. Narasimha Murthy
Mr. K Narasimha Murthy is a Non-Executive Independent Director of Max Healthcare. He has been a director in various companies such as IDBI Bank Limited, UTI Bank Limited. He is also a member of the Informal Advisory Committee, Department of Corporate Affairs, Government of India. Additionally, he has been nominated as a member convener on the Implementation & Monitoring Committee on Audit Reforms in Public Sector Banks by the Government of India. He is a qualified chartered accountant and a cost and works accountant
Mr. Sunil Kakar
With over 40 years of diverse experience in financial services, Mr. Sunil Kakar has excelled in banking, insurance, and non-banking sectors, specializing in corporate restructuring, strategic planning, and financial leadership. As MD & CEO of IDFC from 2017 to 2022, he led major restructuring efforts, divesting key businesses and doubling the Assets Under Management (AUM) of the Asset Management Company to ₹1,20,000 Cr under his mentorship. His previous roles include CFO at IDFC Bank, where he played a pivotal role in transitioning the non-bank into a bank, and Group CFO at IDFC, overseeing finance, business planning, and investor relations. He has worked with Max New York Life Insurance Company (currently “Max Life Insurance”) from 2001 to January 2011 where he was instrumental in establishing one of India's first private insurance firms, managing investments, and developing critical systems and processes. Earlier in his career, Mr. Sunil Kakar spent 18 years at Bank of America, culminating as CFO, where he led business planning, financial control, and market risk management. His strengths lie in intellectual capital, leading by example, teamwork, honesty, integrity, transparency, and innovation. Mr. Sunil Kakar brings a wealth of experience and a strong commitment to excellence, consistently driving organizational success and growth across various financial sectors.
Ms. Sonu Bhasin
Ms. Sonu Bhasin has over 35 years of corporate experience including a substantial part in Banking and Financial services industry. She was associated with TATA group for 13 years. She was a part of management teams as Business Head at ING Vysya Bank, Axis Bank and Yes Bank. She has been associated with various companies as independent board member and also serves as a member of advisory board. She holds an MBA and a degree in B.Sc. (Hons.), Mathematics.
MANAGEMENT TEAM
Mr. Ranbheer Singh Dhariwal
Mr. Ranbheer Singh Dhariwal is a professional with an overall experience of 23 years who has an extensive experience in setting up and leading NPS business, Health Business, On-line E-commerce & Digital Marketing and Direct Marketing channels. He has expertise in the fields of NPS Funds & Annuity, Retirement category, Protection category, Online Digital marketing & E-business, Setup and management of Online customer life cycle (Acquisition to Issuance), Operations Management - Direct Marketing & Telemarketing (OBTM, IBTM, Customer Service) Loyalty programs, Database marketing. In his experience of 23 years, he has worked with HDFC Life Insurance as SVP & Head – Retirement, NPS Annuity & Govt. Funds, QROP & Policy Loans, TATA AIA as Head – Direct Marketing & Assisted On-line sales and ICICI Lombard as Retail & Bancassurance Manager. He holds a degree of Masters in Marketing Management from Lala Lajpat Rai College of Management Studies, Mumbai University and Bachelor of Commerce from Motilal Junjunwala College, Mumbai University.
Mr. Suresh Bhagavatula
Mr. Suresh Bhagavatula has been associated with Max Life Insurance Co. Ltd. since September, 2008. He has around 20 years of experience in areas such as overall financial management, corporate finance, business strategy and planning, commercial deal structuring, financial scenario modeling, shareholder and investor relations, cost management, mergers and acquisitions, organic and inorganic growth opportunities and Treasury management. Prior to working with Max Life, he has worked with Fidelity Investments and SBI Life. He holds a degree of MBA from ISB and Engineering (B. tech).
Mr. Alkesh Jain
Mr. Alkesh Jain has more than 14 years of overall experience in Research and Fund Management. He has been associated with UTI AMC for the last 14 years across various investment functions – Research as well as Fund Management. He was responsible for managing Equities portfolio of UTIRSL, PFM subsidiary of UTI AMC since inception. Under him, the fund witnessed healthy growth from ₹1,000cr to ₹34,000cr. He was instrumental in setting up the entire Research/ Investment team from scratch. He is a member of Institute of Chartered Accountants of India (ICAI).
Mr. Abhishek Bansal
Mr. Abhishek Bansal has approximately 19 years of industry experience in the areas of risk management, regulatory compliance, information security and continuity. Prior to working with Max Life Insurance Co. Ltd., he has worked with PwC, DSCI and TCS. He is currently working in the capacity of CRO of Max Life Pension Fund Management Limited. Mr. Abhishek holds a bachelor’s degree in Engineering and Technology (BTECH) and has also completed his Masters’ in Business & Administration (MBA) in Finance & Strategy.
Mr. Nikhil Kalra
Mr. Nikhil Kalra is a law graduate, company secretary and cost accountant by qualification. He is having more than 11 years of experience in handling legal, corporate secretarial, compliance, and governance requirements. He has diverse experience of working in Life Insurance, Health Insurance, Pension Fund, Marketing & Communication industry. In his previous roles, he had handled commercial contracts, litigation, advisory, compliance and secretarial assignments. He is currently associated with Max Life Pension Fund Management Limited as Company Secretary and Compliance Officer and is leading the Legal, Compliance and Secretarial function of the Company.
Mr. Nikhil Luthra
Mr. Nikhil Luthra is an Information Security professional with 10+ years of experience in fortifying organizational cyber landscape. He is specialized in content and network security domains. His area of expertise also includes architecture review, data flow analysis, incident management & sustenance, data discovery, hands-on experience of implementing various security solutions such as Data Security (DLP), Web Security, Endpoint Security, Email Security, DRM solution to name a few. He has a wide experience in managing cyber security domain across industry sectors including Insurance, Telecom, Electrical equipment, BFSI, Airlines. In his earlier roles, he has worked with Max Life Insurance, Ernst and Young, and ACPL systems.