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Max New York Life Insurance
3.7 of 5 83 reviews
www.maxnewyorklife.com Gurgaon, India 1000 to 5000 Employees

Max New York Life Insurance Reviews

Updated Jun 17, 2013
All Employees Current Employees Only

3.7 82 reviews

                             

100% Approve of the CEO

Max New York Life Insurance CEO & Managing Director Rajesh Sud

Rajesh Sud

(4 ratings)

73% of employees recommend this company to a friend
83 Employee Reviews
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  • Work/Life Balance
         
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  • Approves of CEO

 

Great Company

Financial Services Professional (Current Employee)
Dayton, OH (US)

I have been working at Max New York Life Insurance full-time for more than a year

ProsControl your hours, income, and client base. Work with one of the most reputable companies in the industry

ConsLong hours, Partners never know how to develop just recruit, and give you misinformation to help their bottom line

Advice to Senior ManagementHave more extensive training for partners (sales managers) so if you go to them with a question they can answer it

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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Supervisor

Anonymous Employee (Former Employee)

I worked at Max New York Life Insurance

ProsNew York Life is resilient and able to thrive in all economic conditions.

ConsNew York Life is selling off its Asia Life Operations

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very friendly transperent and healthy

Financial Adviser (Current Employee)
Gurgaon, Haryana (India)

I have been working at Max New York Life Insurance part-time for more than a year

Prosmoney gaining and career oriented job

Consnothing all about my own opinion

Advice to Senior Managementkeep it up

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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  • Work/Life Balance
         
  • Senior Management
         
  • Culture & Values
         
  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

Great to start with but tough to continue

Anonymous Employee (Former Employee)
Gurgaon, Haryana (India)

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

ProsHad awesome work culture to begin with. Great managers. Varied types of work.

ConsToo many changes. Inability to hold on to good people. Bad handling of the economic crisis.

Advice to Senior ManagementPrevent good people from leaving.

No, I would not recommend this company to a friend

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  • Work/Life Balance
         
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  • No Opinion of CEO

 

Insurance Agen

Insurance Agent (Former Employee)
Houston, TX (US)

I worked at Max New York Life Insurance full-time for less than a year

ProsGreat Training, Resourceful Team, Great Mentors

ConsSalary is all commission based, not a great job for a student out of college.

No, I would not recommend this company to a friend

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freedom and no work pressure

Financial Advisor (Current Employee)
Hyderābād (India)

I have been working at Max New York Life Insurance part-time for less than a year

ProsI learnt about human needs and how the country is being helped from insurance

Conssome of the officials are not punctual

Advice to Senior Managementmore trainning is required for advisors about the products

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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  • Work/Life Balance
         
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  • Comp & Benefits
         
  • Career Opportunities
         
  • Approves of CEO

 

It was a great company for learn explore and perform.

Agency Development Manager (Former Employee)
Jaipur, Rajasthan (India)

I worked at Max New York Life Insurance full-time for less than a year

Prosstrong base for training very positive ointment and nice work culture to perform.

ConsThere is nothing to say about this.

Advice to Senior Managementkeep it up

Yes, I would recommend this company to a friend – I'm optimistic about the outlook for this company

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  • Work/Life Balance
         
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  • Culture & Values
         
  • Comp & Benefits
         
  • Career Opportunities
         

 

It was good, system oriented process maintained compny. As per my view its a no 1 organisation in Insurance sector.

Agency Development Manager (Former Employee)
Calcutta (India)

I worked at Max New York Life Insurance full-time for less than a year

ProsStandard remuneration, training up to the mark matches with present market scenario. Good boost up programmes held in the branch to motivate agents.

ConsDownside is market has a huge obstacle of selling Insurance product.The process is trained in the organization cant be applicable in the present market scenario.Because market is no at all educated.

Advice to Senior ManagementKeep going.

Yes, I would recommend this company to a friend

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  • Work/Life Balance
         
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Remarkable MP and Staff

Financial Services Representative (Current Employee)
Denver, CO (US)

I have been working at Max New York Life Insurance full-time for more than a year

ProsDenver GO is a great place to build a practice. There is an energetic work environment with passionate development managers, unparralelled products, and fantastic professional development, The MAP process is invaluable at helping people recognize their life insurance need and highlights the importance of after tax assets. Sit down with Mark Biren (managing partner) for 45 minutes, and it will blow your mind.

ConsMost people will fail at this job. Several others will build their book and get "poached" to another outfit. I keep plugging away because I believe in myself, and I made promises to my clients.

In a word, the biggest con of this job is uncertainty. You never know where your next client will come from. One needs to keep from having "commission breath" (i.e. that sense of desperation that you need to land another case). Treat your clients like gold to survive. That is the company mantra, and something I utilize in my practice.

The sweet spot for our concepts are the upper middle income to upper income markets. NYLIC has placed a high minimum floor for the face amount for several of their products (probably a good business decision but limits what we can place). Other than that, I can't really complain. Any place that you go to in financial services will be similar. You have to build your own book of business when you start out. You can either build a practice, or you can work in a call center. Call center work has low upward mobility. At least I have a "coin flip" chance of being successful by working under a NYLIC appointment and NYLIFE Securities broker dealer. We dominate on life products and the value they provide. We also just so happen to provide top tier investments.

Advice to Senior ManagementHey, MAINSTAY is great for the niches dug out, but would you be willing to allow internal/external wholesellers show Franklin Templeton and other funds we can use on the short list? MAINSTAY is great for some areas of a portfolio, but we could benefit from utilizing other's expertise.

Other than that, I really like the fact that NYLIC is starting to advertise! How can we expect to place business when we are the least thought of insurance company (here I am referring to the consumer survey where consumers named everyone except for us).

Thank you for keeping life in the company name. 7 out of 10 people get to retire, but, at last check, 2 out of 2 people die...

No, I would not recommend this company to a friend – I'm optimistic about the outlook for this company

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  • Work/Life Balance
         
  • Senior Management
         
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  • Career Opportunities
         

 

Was Very good, since Joining but Worst and very drastic to see max since 1 Yrs.

Agency Development Manager (Former Employee)
Bokāro (India)

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

ProsHonestly, There is no any reason to work with.

ConsFollowing hybrid model in all aspect since 1 mYr.

Advice to Senior ManagementTake care to old employees, Listen to bottom management team, dont create space between Old n New eployees. ....

No, I would not recommend this company to a friend – I'm not optimistic about the outlook for this company

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