Tag: Max Life Insurance

  • Rohit Sharma, wife Ritika feature in Max Life campaign

    By Our Staff

     

    Max Life Insurance Company Ltd has unveiled a social media campaign, ‘Sharma Ji Ka Beta,’ featuring brand ambassadors, Rohit Sharma with his wife and entrepreneur, Ritika Sajdeh. The social media campaign provides a unique glimpse into the cricketer’s off-field persona, highlighting his deep-rooted values and love for his family.

     

    Commenting on the campaign launch, Rahul Talwar, Chief Marketing Officer, Max Life Insurance said: “In the digital age, storytelling has the power to inspire individuals to reflect on their own life journeys and consider the role of life insurance in protecting their aspirations. Anchored to Max Life’s overarching theme of ‘You Are the Difference’, this social media campaign brings to light the real Rohit Sharma, not just as a cricket sensation but as a loving family man. The social media campaign underpins our belief that every individual, much like Rohit, has a unique and valuable story that makes a difference.”

     

  • Rohit Sharma, wife promote Max Life Insurance

    By Our Staff

     

    Max Life Insurance has launched its new ad campaign featuring its brand ambassadors, Rohit Sharma and his wife, Ritika Sajdeh.

     

    Commenting on the TVC launch, Rahul Talwar, Chief Marketing Officer, Max Life Insurance said: “In our endeavor to drive financial awareness and adoption, the TVC underlines the significance of guaranteed savings plan and how it enables consumers to achieve key milestones -children’s education, marriage or retirement – while enjoying life’s moments today with loved ones. Along with building our protection portfolio, Max Life is focused on long-term savings plans that offer financial stability to families, especially the millennial segment. Reiterating our brand philosophy of ‘You are the Difference’, Rohit and Ritika deliver the key message of our savings solutions, specifically to the younger audience that is seeking holistic, new-age financial products that cater to all their requirements.”

     

  • Max Life Insurance partners with Disney+ Hotstar for campaign

    By Our Staff

     

    Max Life Insurance Company Ltd. has announced the launch of its digital ad film on Max Life’s term plan for homemakers, in an exclusive association with Disney+ Hotstar’s Connected Television (CTV) offering. To drive regional language consumption, the digital ad film is also being released in six languages i.e. Tamil, Kannada, Bengali, Marathi, Telugu and Malayalam.

     

    The digital film is conceptualised by Tribha, produced by Kailash Picture Company and directed by Sonal Dabral and features actor Boman Irani.

     

    Commenting on the launch of the campaign, Rahul Talwar, Chief Marketing Officer, Max Life Insurance said: “Max Life firmly believes in encouraging consumers to embrace their ‘real value’, and homemakers form an important segment whose contribution to society is priceless. We are excited to launch our campaign with Disney+ Hotstar, the leading OTT service in the country. This association opens up avenues to reach a wider, gender balanced audience; helping us promote the positive and reaffirming message conveyed in the film. Currently, homemakers in India are allowed term cover only as an add-on to their earning spouse’s cover. This term plan offering will help secure female homemakers’ lives independent of their spouse’s income proof. This association is a step towards empowering Indian women and enabling greater financial inclusion by protecting them in challenging times.”

     

  • Max Life Insurance elevates Rahul Talwar to CMO

    By Our Staff

     

    Rahul Talwar
    Rahul Talwar

    Max Life Insurance has announced the appointment of Rahul Talwar as Chief Marketing Officer. In his elevated role, Mathur leads the marketing (brand, channel, customer), corporate communications, consumer insights and customer obsession agenda of the Company. He will be instrumental in enabling consumer and brand connect for all stakeholders, delivering on the promise of making Max Life the most admired life insurance brand. As the Chief Customer Officer of Max Life, Rahul continues to drive the customer strategy and governance to execute on company’s customer centric vision.

     

    Said Prashant Tripathy, Managing Director & Chief Executive Officer, Max Life Insurance: “Rahul has been an exceptional peoples leader, a brand evangelist and a keen change advocate within the organization. His sharp marketing acumen, deep consumer insights and strategic focus has strengthened the goodwill and reputation of the brand amongst our customers. Rahuls experience and expertise will be valuable in shaping the next level of our brand journey aligned with our business objectives. I also thank Aalok for his invaluable contribution to the organization and wish him well for the future.”

     

  • HiveMinds wins digital mandate for Max Life Insurance

    By Our Staff

     

    Hiveminds Innovative Market solutions, the digital specialist arm of Madison World, won the digital mandate to manage Max Life Insurance’s paid marketing portfolio. As per the agreement, HiveMinds will be responsible for carrying out digital marketing activities across all publishers and platforms for Max Life Insurance including Google, Facebook, Taboola, Outbrain amongst others. This will in turn enable new customer acquisition for Max Life Insurance.

     

    Said Aditya Satpute, Corporate Vice President – Ecommerce & Digital Marketing, Max Life: “Today’s consumers are evolved and very digital-savvy, so the success of insurance companies is increasingly dependent upon their ability to innovate and engage with customers on digital platforms. We are pleased to partner with HiveMinds in the next phase of our digital growth, where they will manage the entire paid marketing portfolio for the e-commerce business.”

     

    Commenting on the win, Jyothrimayee J T, Founder & CEO, HiveMinds added: “We are proud of winning this highly contested mandate. There is a massive transformation happening in the Insurance sector powered by digital expansion. Bringing the right digital integrations and innovation will be key to our success.”

     

  • Max Life get Manisha Singh to head comms

    By Our Staff

     

    Manisha Singh
    Manisha Singh

    Max Life Insurance has announced the appointment of Manisha Singh as Corporate Vice President and Head of Corporate Communications. In her new role, she will be responsible to develop and implement strategic communications to support Max Life’s long-term goal, initiatives to drive market leadership. Based at Max Life’s corporate office in Gurugram, Singh will be reporting to Aalok Bhan, Director and Chief Marketing Officer, Max Life.

     

    Speaking on the appointment, Bhan said: “It’s a privilege to have Manisha on board as she brings in stellar expertise in the field of communications and marketing. We are confident that Manisha will continue to engage our customers and employees with empathy and purpose while narrating Max Life’s story with creative agility and depth. We wish her the best in her journey at Max Life.”

     

    Commenting on her appointment, Singh added: “I am delighted to be a part of the Max Life family. Life insurance is about trust and purpose, and I look forward to narrating the Company’s growth story that’s built on these fundamental values. I am excited to work with the wonderful team at Max Life in contributing towards deepening our brand connect with consumers by creating and delivering value-based content through engaging channels.”

     

  • Sonal Dabral directs new campaign of Max Life

    By Our Staff

     

    Max Life Insurance unveiled its latest ad campaign ‘India ke Bharose ka number’ highlighting the company’s performance in claims paid ratio over the last five years.

     

    Commenting on the launch of the campaign, Aalok Bhan, Director and Chief Marketing Officer, Max Life Insurance said: “It gives me great pride to unveil the new TV campaign on ‘India ke Bharose ka number’, that brings our purpose as a company to the forefront, to protect people against risks and uncertainties and honour the trust placed by our customers. Our claims paid ratio, or ‘India ke Bharose ka number’ is the ultimate hallmark of our credibility, and reflects the commitment of our promise made to our customers, reassuring them of the kind of financial security they can expect should an eventuality arise. Through the new campaign, the intent was to showcase how one can, and should, play a part in ensuring they safeguard their family’s best interests for an unforeseeable future.”

     

    Talking about the TVC, Sonal Dabral, Founder/CCO, Tribha said: “In these challenging and unpredictable times, a campaign that promotes insurance and protection for the family takes on a more important role than just selling the product. It was therefore a pleasure for me to conceptualize and direct Max Life Insurance’s ‘India ke Bharose ka number’ campaign. A simple message for the breadwinners of the families, that just the way they are always there taking care of their family, Max Life Insurance is also always there by their side. The proof being the brand’s ever-increasing claims paid ratio number. Hopefully, this campaign will encourage the target audience to buy the right amount of insurance and protection for their family.”

  • Max Life Insurance showcases new belief in its latest brand campaign

    By A Correspondent

     

    Max Life Insurance has launched its new brand thought that introduces the belief – You are the difference – in the lives of loved ones.

     

    Commenting on the brand campaign, Aalok Bhan, Director & Chief Marketing Officer, Max Life said: “People tend to make the mistake of assessing their real value basis only their current financial status, thus often ignoring their future financial potential and underplaying the value of ‘Self’. Through real-life events, our campaign will bring alive the value consumers bring to their families. We are confident that these situations will resonate with our target audience and will nudge them to relook at the value of ‘Self’. Max Life has also created an easy to use tool to calculate ‘Real Value’ which takes into consideration current and potential financial contribution assumptions as well as the value of aspirations of the loved ones. We believe that if consumers understand their ‘Real Value’, they will automatically work towards protecting it, to ensure that their family does not have to live a life of compromise in any circumstances.”

     

    Adding to the launch of the campaign, Ritu Sharda, Chief Creative Officer, Ogilvy North said: “Most times, we don’t realize how big a difference we made in the lives of other people. In going about our duties and responsibilities, we tend to undervalue ourselves. Subconsciously, this reflects in the way we take our life insurance. ‘You are the difference’ is a great platform to wake people up to their true value and enable them to take the right decision towards an insurance value that will really make a difference.”

     

     

  • Tata tops Brand Finance 2019 rankings

     

    By A Correspondent

    Tata Group (brand value up 37% to US$19.6 billion) is once again India’s most valuable brand, according to the latest report by Brand Finance, the world’s leading independent brand valuation consultancy.

    Mumbai-headquartered Tata Group is one of India’s largest conglomerates, operating in over 100 countries, across 5 continents. The Group’s dominance is clear with its brand value totalling more than second-placed LIC’s (up 23% to US$7.3 billion) and third-placed Infosys’ (up 8% to US$6.5 billion) brand values combined.

    Said David Haigh, CEO of Brand Finance: “Tata Group is to be commended for its ability to scale new heights, as it is not only India’s most valuable brand, but has also recorded faster growth than any other top 25 brand, with an impressive 37% increase. The Group’s brand presence across autos, IT services, steel and chemicals continues to go from strength to strength and remains a pioneering force to be reckoned with”.

    Banks register solid growth

    Fourteen banking brands feature in this year’s Brand Finance India 100 report, with India’s three largest banks all registering solid growth:State Bank of India (up 34% to US$6.0 billion), HDFC Bank (up 19% to US$4.9 billion) and ICICI Bank (up 41% to US$3.9 billion).

    The banking sector is currently undertaking a major shift as a result of an increase in spending on infrastructure, technology and innovative customer experience tools, all of which have the potential to contribute to heightened brand values across the board for banks. Advancements in technology have brought mobile and internet banking platforms to the top of their game, keeping them well placed to serve their varied customer base against the backdrop of a well-regulated robust environment.

    India 100 Social Media Post.jpg

    Mahindra & Mahindra jump into top 5

    From farm tractors to financial services to cutting-edge IT services, Mahindra Group is going from strength to strength, its brand value growing 35% to US$5241 million and thus sealing its position in the top 5 for the first time. Mahindra group has been making strong inroads into US markets and is setting some strong global ambitions.

    ADAG suffers steep drop

    Anil Dhirubhai Ambani Group (ADAG) has witnessed the steepest drop in brand value, falling 65% to US$559 million and dropping 28 positions in the ranking. The brand has witnessed continuous erosion in its value creation due to increased pressure from various group businesses and is currently facing some stiff questions from its stakeholders.

    Jio is India’s strongest

    In addition to measuring overall brand value, Brand Finance also evaluates the relative strength of brands, based on factors such as marketing investment, familiarity, loyalty, staff satisfaction, and corporate reputation. Alongside revenue forecasts, brand strength is a crucial driver of brand value. According to these criteria, telecommunications brand Jio (brand value US$3.6 billion) is India’s strongest brand with a Brand Strength Index (BSI) score of 87.01 out of 100 and a corresponding AAA brand strength rating.

    Reliance Jio is making headway towards becoming India’s number 1 telecommunications provider. It seems likely that the brand will retain its low-price strategy as it continues to grow, gain and retain a solid reputation across its Indian customer base. Impressively, challenger brand Jio, is the highest new entrant in this year’s Brand Finance India 100 2019 in 14th position.

    New entrants

    Aside from Jio, 6 further brands have made their debut into the ranking, across a variety of sectors.

    Growing off the back of a huge organized retail opportunity in India, hypermarket chain DMart (US$937 million) has entered the ranking in 33rd position. India’s homegrown FMCG brand Patanjali (US$614 million) continues to make waves and steal market share from its multinational competitors and has entered the ranking in 51st position. Further down the table, new entrants Chennai Petroleum (US$258 million), Indian Overseas Bank (US$248 million) and Max Life Insurance (US$240 million) are all ones to watch for the year to come.

     

    View the full Brand Finance India 100 2019 report here

  • Slice of Death Advertising

     

    By Sanjeev Kotnala

    The only sure thing in life is death. Rest is just a probability.

    We appreciated ‘Slice of life’ (SOL) advertising, however, we rarely see brands leveraging ‘Slice of Death’ (SOD) imagery and references.

    Death is all around us.

    Death is all around us. It is there in the newspapers, in the TV news and serials, in social media, and is an integral dominant theme in video games. However, the use of death in advertising remain taboo.

    Grief-exploitation is not my interest or focus of this piece. I am not referring to a few brands trying to get into a conversation during tragedy, calamities or death of a celebrity.

    Death Beyond Insurance And Social Messaging.

    Insurance brands flirt with death. Some social cause advertising like ‘drunk driving’, ‘Anti-smoking’ have  also explored the unchartered arena of death. But what about brand and services not directly liked with death. Do they leverage this certainty of life in their communication.

    Can death trigger the right context for brand/product/ service usage?

    Death is a simple phenomenon but a complex emotion. A certainty that we don’t want to acknowledge. Its relevance as a shock and clutter breaker cannot be disputed. Unfortunately, it evokes  strong negative emotions, and hence, brands fear to associate with it.

    Death is hardly aspirational. No one want’s to die. Even on our birthdays, we celebrate the end of another fruitful year on planet earth. But, we hate if someone reminds us we have walked another year closer to the end.

    Death Exploitation Can Be Misinterpreted By Audience.

    The ads by McDonald’s ( Child Grief- the kid being told of dead father’s liking for Filet-O-Fish ) and Nation-Wide ( Super Bowl-drowning kid- prevention of childhood accidents) in the US have faced adverse consumer reaction. If you carefully analyse, there was nothing wrong in them.

     

    We know the consumers’ purchase decision is more based on emotions than on information and features. We know death is a powerful stage and triggers extreme emotions. Yet, it remains an area of a no-go.

    Humour In Death.

    We have seen some of the brands cautiously using death to their advantage. Most of the time, it has been used as a scare but to make a point humorously. Remember the M-SEAL ad, where a drop of dripping water changes the will.

    Here I must share the fantastic ANTI-SMOKING communication featuring Sunny Leone and titled Eleven Minutes. A beautiful way of delivering the message to its TG.

    Even radio brand MIRCHI used the Ruddali concept and their engagement with death so powerfully.

    On the other hand, the Lifebuoy soap hinted at young under-five mortality rate and how death can be avoided in its communication. Here death is central to the theme but has a brief reference that does not raise high adverse reaction.

    Insurance Can’t Avoid Death

    On the insurance side, death is unavoidable. However, the way death can be used, dramatised and contextualised is the key to effective communication. Here are two examples.

    Max Life Insurance used the fear of death in its communication. My mother hated this communication as the protagonist name is my name. I am not sure if the brand used the most prevalent regional nicknames in their language dubs. But this one worked.

     

    Policy bazar has been flirting with death and eventuality of it, to push people to pick term insurance early. They have a dead man coming back to life for that short time and talk of term insurance or Yamraj getting angry at the person for not taking the term plan when he/she had the time.

     

    BEAUTIFUL DEATH

    There is no definitive answer to some of the basic questions. And as there is subjectivity and personal bias, there are no clear directions. Should a brand use death and its effect? Does shockvertising works? What is the right way to leverage death? Can death be the clutter-breaker?

    Here is an example of flirting with death. This short digital film was not produced by the brand and its agency but is highly associated with its theme ‘KEEP WALKING’. A simple story of two brothers visiting the places of common interest and togetherness for one last time.

    And maybe this is incomplete without sharing yet another communication developed by the same team that did the ‘Keep Walking’ film. ‘ABC of Death’ is about being alive. And the reference is death. Life and death- after all are two sides of the same coin.

    Metro Melbourne for their rail safety did what is now known as the most delightful horrible creation- a song telling people there are more similar almost as dumb ways to die as losing one’s life by being unsafe near train tracks. Any time I discuss this particular creative, I am reminded of daily deaths in Mumbai Local. I am not sure why such a beautiful message has not been localised or inspired some such release in India.

    DEATH IS NOT SO BAD.

    Few research reports do suggest that elderly people react more adversely to the use of death in communication than youth. However, none of them tells us as to what is an appropriate way to reflect and contextualise?

    And in this era of APP for everything, there is WeCroak. It is a simple app that reminds you of death five times a day. You download it from any of the play stores and make a payment to subscribe. Then it will message to remind you of death. And expect that such messages will help you to better contemplate life.

    In our Brand-I workshop, we take on exercises where we consciously focus on the possibility and certainty of death as an integral part of life. We talk of death as a motivator for the delegates to realise how much time you have to achieve the long list of wishes you may have.

    Death As Curative.

    Death is such a strong negative that even the terminally ill patients and their families don’t encourage discussion on the subject. As if ignoring it can push the inevitable. Last Laugh or Last Word for ‘Indian Association Of Palliative Care’ has taken death head-on and in the process raised awareness of Palliative care.

    And here is a wonderful example where the elderly person fakes his own death to get the family together. Here is a perfect example of using such a potentially negative emotion during the festive period but leverage it contextually for a beautiful, powerful emotional takeaway.

    So when you can and do celebrate life- why give death a step-brotherly treatment. It may give rise to strong emotions but rightly contextualised it can still be used by brands.

     

    PS: I would like to know of some brand communication (other than Insurance and social messages) where the brand has flirted with death and its vignettes. Most cases I have seen, its primarily the male who dies, has some Indian brand used the death of the female in its communication? Do share at Facebook sanjeevkotnala and twitter S_kotnala

     

  • Max Life Insurance gets RCB players to promote product offering

    By A Correspondent

     

    Max Life Insurance has unveiled its latest ad campaign announcing its official life insurance partnership with Royal Challengers Bangalore. Featuring three members of Team RCB, the new campaign attempts to remind all to remain shielded with a comprehensive life insurance cover.

     

    Speaking on the launch of the campaign, Aalok Bhan, Director and Chief Marketing Officer, Max Life Insurance remarked: “Like cricket, our lives too are full of unforeseen challenges. While cricketers are practical enough to realize the importance of a protective gear to safeguard themselves on the field, more often than not, they forget to prepare for protection off the field. Through our association as the official life insurance partners to Royal Challengers Bangalore, we aim to protect India’s finest players against the risks they face off the ground, by enabling greater financial security in their personal lives. Like any successful cricketing team has a Plan B should anything go wrong in the game, at Max Life Insurance, we believe that life insurance provides the protection of a robust Plan B, should anything go awry in life’s plans. This protection is what will give our customers the confidence to go ahead and play the game of life Front-Foot-Forward!”

     

    Added Sonal Dabral, Chief Creative Officer South and South East Asia and Vice Chairman India at Ogilvy: “This T20 season is all about great partnerships. Max Life Insurance’s partnership with RCB is one such winning partnership highlighting the significance of risks and financial security by drawing parallels between life and cricket- both equally daunting, uncertain and full of unexpected challenges. The campaign capitalises on this very thought and goes on to establish that to truly emerge a winner in the game of life, it is imperative to gear up well by calculating risks – not just physical but also financial.”

     

     

  • Columbus India wins mandate for Max Life Insurance

    By A Correspondent

     

    Columbus India, the data-driven digital marketing agency from Dentsu Aegis Network, has won the mandate for strategic performance marketing initiatives and tele-sales process for Max Life Insurance. The account was won following a direct pitch and will be handled out of the agency’s Gurugram office.

     

    This engagement will help Max Life Insurance Company deploy a unique “End-to-End Performance model” powering a new growth model for digital customer acquisition.

     

    Speaking on this, Manik Nangia, Director & Chief Operating Officer, Max Life Insurance said: “The unique solution offered by Columbus is in line with our wing to wing customer journey thinking. This model presents a potential to maximise customer opportunity through a data driven marketing model integrated at the core with a tele-sales capability – all under one roof. These capabilities are typically absent in the conventional performance marketing setups.”

     

    Added Nitin Sabharwal Chief Business Officer, Columbus India: “We are extremely excited to take on this role of an End - to – End service provider that will help Max life Insurance reach larger audience using digital distribution channels, and also achieve cost effective sustainable revenues using digital marketing platforms.”