Max Life Insurance
Max Life Insurance Company Limited, headquartered in New Delhi, India, is a prominent player in the life insurance industry. Founded in 2000, the company has established itself as a trusted provider of a wide range of insurance products, including term plans, savings plans, and retirement solutions. With a strong presence across major operational regions in India, Max Life Insurance is known for its customer-centric approach and innovative offerings. The company has achieved significant milestones, including high claim settlement ratios and numerous awards for service excellence. Max Life's unique blend of comprehensive coverage options and flexible policy terms positions it as a leader in the market, catering to the diverse needs of its clients. As a result, it continues to build a reputation for reliability and financial strength in the competitive landscape of life insurance.
DitchCarbon Score
How does Max Life Insurance's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Max Life Insurance's score of 15 is lower than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Max Life Insurance's reported carbon emissions
In 2023, Max Life Insurance reported total emissions of approximately 10,644,980 kg CO2e, comprising 265,640 kg CO2e from Scope 1 and 10,379,340 kg CO2e from Scope 2. This data reflects a commitment to transparency in emissions reporting, although no Scope 3 emissions data has been disclosed. Comparatively, in 2022, the company recorded total emissions of about 7,705,140 kg CO2e, with 228,530 kg CO2e from Scope 1 and 7,476,610 kg CO2e from Scope 2. This indicates a significant increase in emissions year-on-year, highlighting the need for enhanced climate strategies. Max Life Insurance is a current subsidiary of Axis Max Life Insurance Limited, which influences its emissions data and sustainability initiatives. The emissions data is cascaded from the parent company, Max Financial Services Limited, which provides a broader context for their environmental impact. Despite the lack of specific reduction targets or climate pledges, Max Life Insurance's emissions per rupee of turnover for 2023 was approximately 0.002857 kg CO2e, indicating a focus on integrating sustainability into their financial performance. The company continues to navigate its climate commitments within the insurance sector, aiming for improved emissions management in future reporting periods.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 234,000 | 000,000 | 000,000 |
| Scope 2 | 5,968,000 | 0,000,000 | 00,000,000 |
| Scope 3 | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Max Life Insurance is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
