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.

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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 .

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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



We envisage the financial independence of our customers by being the most admired longevity finance solution experts and securing their future



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




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


We gather the experts and the expertise to deliver the most optimum retirement solutions for you. We never settle for good enough.


Dependability | Entrepreneurship | Business Performance


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


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.

The funds under Asset Class E are managed actively basis the list of stocks permissible and provided by PFRDA. Objective is to outperform benchmark returns by actively managing funds within the permitted universe.

The funds under Asset Class C are invested in corporate debentures of rated corporate instruments in corporate debentures are made in high quality long term debentures following internal due diligence and credit rating from independent credit rating agencies.

The funds under Asset Class G are invested in Government securities issued and /or guaranteed by Centre or States and several other permissible securities. This scheme is actively managed with a thorough view on the interest rate market.

The funds under Asset Class A are invested in AT-1 bonds, Alternate Investment Funds (AIF), Real Estate Investment Trust (REITs), Mortgage Backed Securities (MBS), Infrastructure Investment Trusts (InvITs) as per the scheme objective and available liquidity and issuers.


Mr. Prashant Tripathy

Mr. Prashant Tripathy

Non-executive Chairman

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

Independent Director

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. Ashok Kacker

Mr. Ashok Kacker

Independent Director

Mr. Ashok Kacker is former Chief Commissioner of Income Tax. He took voluntary retirement in 2007, after working for more than three decades with Income Tax Department, Government of India (GoI). During his services with GOI he held important senior position both in executive capacities as well as in policy formulation role including 6 year stint as Executive Director with Securities and Exchange Board of India. He is currently, Founder & Managing Partner of A. K. Advisors and Consultants, providing financial consultancy services. He is on board of directors of several companies, which includes Max India Limited, Umrao Institute of Medical Science and Research Trust, Samco Asset Management Company Ltd. In past he has served on Board of Indiabulls Asset Management Co Ltd, Indiabulls Industrial Infrastructure Ltd, Mahindra Satyam amongst others. He holds a Master’s degree in Physics from the University of Allahabad where he topped his class in 1972. His directorships: LEAP INDIA FOOD & LOGISTICS PRIVATE LIMITED, SAMCO ASSET MANAGEMENT PRIVATE LIMITED, INB SERVICES PRIVATE LIMITED, WATER SYSTEMS & INFRASTRUCTURE DEVELOPMENT SERVICES PRIVATE LIMITED, BAS ENTERPRISES PRIVATE LIMITED, SALINS COMMODITIES PRIVATE LIMITED, PRIME SECURITIES LIMITED, MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED, DELHI GUEST HOUSES PVT LTD, GOLDEN GREENS GOLF AND RESORTS LIMITED, PRIME RESEARCH AND ADVISORY LIMITED, MAX INDIA LIMITED, K SERA SERA ARYAVEER ENTERTAINMENT LLP (partner), Underlined are part of Max Group companies

Ms. Sonu Bhasin

Ms. Sonu Bhasin

Independent Director

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.


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Mr. Ranbheer Singh Dhariwal

Chief Executive Officer

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.

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Mr. Suresh Bhagavatula

Chief Financial Officer

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).

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Mr. Alkesh Jain

Chief Investment Officer & Fund Manager

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).

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Mr. Abhishek Bansal

Chief Risk Officer

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.

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Mr. Nikhil Kalra

Company Secretary & Chief Compliance Officer

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.

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Mr. Nikhil Luthra

Chief Information Security Officer

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.

Max Life Pension Fund Management Limited (PFRDA Regn. No. PFRDA/PF/2022/002) - Max Life Pension Fund Management Limited is a wholly owned subsidiary of Max Life Insurance Co. Ltd. – Registered office, 3rd Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurugram 122002, Haryana. Right to use the Trademark displayed belong to Max Financial Services and with its consent, are used by Max Life Pension Fund Management Ltd. Website: www.maxlifepensionfund.com.