Max Life, Indian Industries Association join hands to offer life insurance access to 11 lakh MSME workforce in UP

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Max Life Insurance Company (Max Life)a private life insurance company, has entered into a strategic partnership with the Association of Indian Industries (IIA) to provide life insurance schemes to the workforce in the MSME sector in Uttar Pradesh (UP).

Under Recently Advertised IRDAIMax Life’s state insurance plan aims to enhance accessibility and drive the spread of affordable insurance across UP.

Max Life is the state’s designated primary insurance company Uttar Pradesh Under IRDAI’s state insurance plan

The Institute of Internal Auditors has an extensive network across industrial areas, and this partnership positions Max Life as the partner of choice for the Institute of Internal Auditors (IIA), providing an opportunity to provide access to life insurance to more than 11 lakh IIA-affiliated MSME, MSME and MSME workforce. internally displaced persons and their families in the state.

These activities will be carried out with Sanaa Private Insurance Brokerage Company. Ltd. As a partner of registration to participate with the workforce in MSMEs.

Manpower insurance for small and medium enterprises

V Viswanand, Deputy General Manager, Max Life Insurance He said, “MSMEs are a major component of every economy. Access to life insurance can play an important role in mitigating the risks faced by the workforce of these organizations and their families, respectively. Through this partnership, we aim to reach the underprivileged population of Uttar Pradesh, the most populous state in the country, and secure the future of more than 11,000 MSME workforce and their families.”

Ashok Kumar Agarwal, President, Association of Indian Industries, said: “We are pleased to partner with Max Life to provide financial protection to employees and workers in the MSME sector. For nearly four decades, the Institute of Internal Auditors (IIA) has been working continuously towards creating an environment conducive to industrial growth, especially for MSMEs in India. We look forward to making a meaningful impact and raising awareness about the need for life insurance among members.”