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 26 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Max Life Insurance's reported carbon emissions
In 2023, Max Life Insurance reported total carbon emissions of approximately 6,923,700 kg CO2e, comprising 265,640 kg CO2e from Scope 1 and 6,658,060 kg CO2e from Scope 2 emissions. This represents a slight increase in emissions compared to 2022, where total emissions were about 7,705,140 kg CO2e, with Scope 1 emissions at 228,530 kg CO2e and Scope 2 emissions at 7,051,610 kg CO2e. For 2024, the company aims to reduce its emissions to approximately 6,836,360 kg CO2e, with a target of 141,730 kg CO2e from Scope 1 and 6,694,640 kg CO2e from Scope 2. This indicates a commitment to lowering emissions over time, although specific reduction targets or initiatives have not been disclosed. Max Life Insurance has not established any formal reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges, which places them in a broader industry context where many companies are increasingly committing to measurable climate action. The company continues to monitor and report its emissions, reflecting a growing awareness of climate impact within the insurance sector.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 234,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 5,968,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| 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 committed to any reduction initiatives 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.
