Max Life Pension Fund Management Limited, a wholly-owned subsidiary of Max Life Insurance Company, will manage pension assets with investment choices under the National Pension Scheme (NPS). The pension fund has received the Commencement of Business (COB) certificate for this.
Max Life Pension Fund will manage pension assets for private and government sector subscribers excluding the “default scheme", with an aim to scale up assets under management (AUM) to an estimated ₹1 trillion over the next 10 years.
