Max New York Life Insurance announced a milestone achievement of 99.84 percent settlement of claims. At the close of fiscal 2007-08 (on March 31, 2008), Max New York Life had only 0.16 per cent outstanding claims, among the best records in claims management for Indian and worldwide life insurers. In absolute numbers, this means that as on March 31, 2008, Max New York Life was left with just five outstanding claims.

The company also achieved average claims settlement turnaround time of four days, a significant claims management milestone in India's life insurance sector. The key highlights are 0.16 outstanding claims, 5 outstanding claims in the year 07 - 08, average claim settlement turnaround time of 4 days and simplified and reduce documentation for claims.

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