Bancassurance for Life Insurance Solutions.

Life is full of surprises. Unexpected events that strike without warning can disrupt the smooth rhythm of life. As the primary earning member, you must ensure the financial security of your family if you are taken away from them forever. The A.P. Mahesh co-operative Urban Bank acknowledge this fact and as such has entered into a corporate agency agreement with Max Life Insurance Co. Ltd., one of the most reputed Life Insurance companies in India to render Life Insurance solutions to its customers. Max Life Insurance Company Limited is a Joint Venture between Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd.

The A.P. Mahesh Co-operative Urban Bank Ltd., is in line with its core values of customer centricity, ethics, transparency, teamwork and ownership has entered into this arrangement to distribute the best Life Insurance solutions to its customers. The arrangement also earmarks a class customer service by setting up dedicated Max Life service executives in bank branches to cater to A.P. Mahesh Co-operative Urban Bank customer queries who have taken  Max Life Insurance policies.

This arrangement is complemented by Max Life Insurance’s flexible product suite, service excellence, and financial strength and internationally benchmarked training processes, which ensures that they are able to deliver the true value of life insurance to our customers. The product suite offered to our customers is based on the core needs of life insurance for an individual.


Max Life Insurance, the leading non-bank promoted private life insurers, is a joint venture between Max Financial Services Ltd., and Mitsui Sumitomo Insurance Co., Ltd. Max Financial Services Ltd. is part of the Max Group, which is a leading Indian multi - business corporation, while Mitsui Sumitomo Insurance is a member of MS&AD Insurance Group, which is amongst the leading insurers in the world. Max Life Insurance offers comprehensive long term savings, protection and retirement solutions through its high quality agency distribution and multi-channel distribution partners. A financially stable company with a strong track record over the last 15 years, Max Life Insurance offers superior investment expertise.



AP Mahesh Co-operative Urban Bank Ltd., is a Corporate Agent of Max Life Insurance Company Ltd. IRDAI Certificate Registration No. CA0105. For all your Life Insurance related queries, please contact our nearest Branch. For more details, kindly visit


IRDAI clarifies to public that :

IRDAI or its officials do not involve in activities like sale of any kind of insurance, financial products or invest premiums.

IRDAI does not announce any bonus.

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Basic Savings


No Minimum Balance, No initial deposit to open the account.

No restrictions like Age, Income Criteria for opening BSBD Account.

All provisions of KYC, AML, PML are applicable.

Passbooks are given free.

Maximum of Four withdrawals in a month including ATM withdrawals;

RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free

No charges for all the above facilities



The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.