Max New York Life Insurance

  www.maxnewyorklife.com
  www.maxnewyorklife.com

Max New York Life Insurance Reviews

Updated 6 October 2014
Updated 6 October 2014
121 Reviews
3.7
121 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Max New York Life Insurance CEO & Managing Director Rajesh Sud
Rajesh Sud
25 Ratings

Review Highlights

Pros
  • Job safety for all trainers, work culture safety for all women were the real add ons (in 11 reviews)

  • Flexible work environment, independence, every day is different (in 7 reviews)


Cons
  • Salary is all commission based, not a great job for a student out of college (in 3 reviews)

  • senior management is out of touch, there have been many re-orgs and lay-offs over the past 5 years (in 3 reviews)

More Highlights

Employee Reviews

Sort: Popular Rating Date
  1.  

    * As an Agent & Advisor
    * Achieved ‘‘GURMANTRA AWARD’’ or logging 5 application in ‘‘0’’ Months on July, 2008.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Agent & Advisor in Mumbai
    Former Employee - Agent & Advisor in Mumbai

    I worked at Max New York Life Insurance as a contractor (less than an year)

    Pros

    * Compensation
    * Business Exposure
    * Customer Service
    * Co-operative
    * Professional

    Cons

    * Sales Target
    * Less Resources
    * Lenghty Procedures
    * Large Follow-ups
    * No Incenives

    Recommends
    Approves of CEO
  2.  

    Working as Assistant Manger as MNYL

    Former Employee - Assistant Manager in Gurgaon, Haryana
    Former Employee - Assistant Manager in Gurgaon, Haryana

    I worked at Max New York Life Insurance full-time (more than 3 years)

    Pros

    Good opportunities and Good learning and with great deal of responsibilities.

    Cons

    No transparency and office politics is at its peak

    Advice to ManagementAdvice

    Kindly take care of office politics and give chance to talent.

  3.  

    Big Name only!!

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Assistant Manager in New Delhi
    Current Employee - Assistant Manager in New Delhi

    I have been working at Max New York Life Insurance full-time (more than 3 years)

    Pros

    Employee friendly only to the extent of leaves approved by the managers in the actuarial department.

    Cons

    extremely poor annual salary hikes, no market correction given, micro management from the managers end.

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  5.  

    Great Team

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Human Resources Executive in Chennai
    Former Employee - Human Resources Executive in Chennai

    I worked at Max New York Life Insurance as a contractor (less than an year)

    Pros

    Hr Team and manager support was really awesome!! Would have loved to work longer... But had to quit :(

    Cons

    Politics!!! Especially south zone employees...!!! And otherwise it is fine :)

    Recommends
    Neutral Outlook
    No opinion of CEO
  6.  

    Good organisation

    Former Employee - A P in Mumbai
    Former Employee - A P in Mumbai

    I worked at Max New York Life Insurance (more than an year)

    Pros

    Exposure to various cross functional dept

    Cons

    Work life balance needs to be looked into

    Advice to ManagementAdvice

    360 deg feed back and employee open house.

    Doesn't Recommend
    Neutral Outlook
  7.  

    Good

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Max New York Life Insurance part-time (more than an year)

    Pros

    Office culture & Promotion, company values to customers

    Cons

    promotions, training, balance between personal & professionlal life

  8.  

    I was Admin and Accounts Exec

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Max New York Life Insurance

    Pros

    Max had a very good work environment

    Cons

    Procurement is done through head office only. No rights was given at the local level.

    Recommends
    Positive Outlook
    Approves of CEO
  9.  

    good work culture

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Human Resources Contractual in Gurgaon, Haryana
    Former Employee - Human Resources Contractual in Gurgaon, Haryana

    I worked at Max New York Life Insurance as a contractor (less than an year)

    Pros

    good pay master . timely salary

    Cons

    no recognition for temp empolyees

    Advice to ManagementAdvice

    nothing

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    Max New York life changed my career

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Manager Training in New Delhi
    Former Employee - Manager Training in New Delhi

    I worked at Max New York Life Insurance full-time (more than 3 years)

    Pros

    There was a lot of learning culture at that point of time in MNYL. The trainers were highly paid and all that was expected from them to give knowledge to all , be agressive in terms of spreading knowledge and no sales pressure. Job safety for all trainers, work culture safety for all women were the real add ons.

    Cons

    There were long office hours, work life balance was spoiled as the trainer was expected to be in office till 7.30-8 pm.

    Recommends
    Neutral Outlook
    Approves of CEO
  11.  

    Pathetic, the enire channel of Direct Sales team got vanished.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Financial Planning Manager in Calcutta
    Former Employee - Financial Planning Manager in Calcutta

    I worked at Max New York Life Insurance full-time (more than an year)

    Pros

    Very good incentive scheme. Good leave structure but Sales Managers do huge mal practice to curtail it.

    Cons

    people dont want to buy their costly policies which are so heavily burdened with policy admin charges that the investment becomes pretty bad. Hr and admin are really irrate they dont support sales team, and dont pay much heed to it.

    Advice to ManagementAdvice

    Please try to focus on company's mission and vission, at the year 2009, the entire hierarcy was changed and another pseudo position ASM was creted between FPM and DSM, so those who fulfilled the target for 6 lakh got the same promotion of Associate Sales Manager which confirms a target of 2,30,000 in 9 months. Such sordid scenario explains the poor leadership and management at top level. This place is not at all for high performers.

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

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