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Business News | 9 in 10 from the Indian LGBTQIA+ Community Prioritize Savings over Spending to Secure Their Financial Future: Max Life s IPQ 6 0

Business News | 9 in 10 from the Indian LGBTQIA+ Community Prioritize Savings over Spending to Secure Their Financial Future: Max Life s IPQ 6 0
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9 in 10 Indian LGBTQIA+ individuals prioritise savings for financial security

LGBTQIA+ community in India shows commendable awareness of life insurance products, with 99% awareness but only 68% ownership. They prioritize savings over spending and allocate a significant portion of their income towards securing their financial future

Max Life plans to hire 30K agents, open up to 100 offices in FY25

Max Life Insurance plans to hire 30,000 agents and open 50 to 100 new offices in the financial year 2024-25 (FY25) to drive premium growth, said Prashant Tripathy, managing director and chief executive officer of the company. The private insurer s total agent count will rise to 1,30,000 in FY25. It added 47,957 agents in FY24, 54 per cent more than the year before.

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