New Delhi, May 8 (KNN) On Monday, Max Life Insurance Company Ltd announced that it will provide life insurance plans to MSME sector’s workforce in Uttar Pradesh in strategic partnership with the Indian Industries Association (IIA).

The Indian life insurance company aims to enhance accessibility and drive affordable insurance penetration across UP under the recently announced IRDAI’s State Insurance Plan.

With the help of IIA’s extensive network across industrialised districts, Max Life will provide an opportunity to offer life insurance access to more than 11 lakh MSME workforce affiliated with IIA and their families in the state.

These activities will be undertaken with Sana Insurance Brokers Pvt. as the enrolment partner to engage with the MSME workforce.

V Viswanand, Deputy Managing Director, Max Life Insurance said in a statement, “MSMEs are a key component of every economy. Access to life insurance can play a significant role in mitigating risks faced by the workforce of such enterprises and their families, respectively.”

“Through this partnership, we aim to reach the underserved population in Uttar Pradesh, the country’s most populous state, and financially secure the future of more than 11 lakh MSME workforce and their families,” he said.

Commenting on the partnership, Ashok Kumar Agarwal, President, IIA said, “We are elated to partner with Max Life in financially protecting the employees and promoters of this sector. For close to four decades, IIA has been working consistently towards creating an environment conducive to industrial growth, especially for MSMEs in India.”

“We look forward to creating meaningful impact and driving awareness around the need for life insurance among the members,” he said.  (KNN Bureau)