Max Life Insurance Names Sumit Madan as Chief Distribution Officer

Max Life Insurance Company Ltd. has announced Sumit Madan’s appointment as Senior Director and Chief Distribution Officer. Madan will oversee the company’s growth and expansion strategies through various distribution channels, including bancassurance, agency, and proprietary networks.

Key Highlights:

• Sumit Madan appointed as Senior Director and Chief Distribution Officer at Max Life Insurance.
• He will drive the company’s expansion and growth across different distribution networks.
• Madan brings over two decades of experience in Sales, Retail Liabilities, and Branch Banking.
• His previous roles include leadership positions at IDFC First Bank and AU Small Finance Bank.

Prashant Tripathy, CEO & Managing Director of Max Life, commented on the appointment, stating, “Sumit is a seasoned leader with a proven track record in the BFSI sector. His diverse expertise across India’s financial landscape positions him well to expand our distribution footprint and enhance the accessibility of our insurance and savings solutions throughout India.”

Expressing his enthusiasm for the new role, Sumit Madan stated, “I am excited to join Max Life Insurance at this pivotal moment of growth and innovation. The company’s focus on customer obsession aligns with my professional values and philosophy. I look forward to contributing to the company’s growth in the coming years.”

Madan’s career includes significant contributions to the BFSI sector, notably in sales, retail liabilities, and branch banking. Before joining Max Life, he was instrumental in driving performance growth at IDFC First Bank as the leader for Products, Digital, and Retail Liabilities. He also served as President & Chief (Branch Banking) at AU Small Finance Bank, leading a large team in sales, service, operations, and data analytics.