Max Life Selects 4 Innovative Startups for InsurTech Accelerator
Max Life Insurance has selected four innovative startups for its InsurTech accelerator program, Max Life Innovation Labs 2.0. The program aims to develop cutting-edge tech solutions for life insurance use cases. Manu Lavanya, Director & Chief Operations Officer at Max Life, and Deepak Bagla, MD & CEO at Invest India, have both praised the initiative's success and impact.
Over 210 applicants competed in the program, with the final four selected through a virtual 'Pitch Day'. These startups will now engage in a 90-day proof of concept, with successful ideas set to be integrated into Max Life's operations. The selected startups are Reveal HealthTech, along with three others, who will work on solutions like non-invasive medical tests, digital twins, intelligent data acquisition, and health and wellness.
The shortlisted startups underwent rigorous reviews, demo calls, and mentorship before presenting their pitches. An eminent jury panel, including Max Life's senior leadership and external experts, made the final selection. Max Life partnered with Invest India for the program, hosted on the Startup India Hub.
Max Life Insurance's InsurTech accelerator program has successfully identified four promising startups to drive innovation in the life insurance sector. The selected startups will now work towards developing and implementing innovative solutions, further enhancing Max Life's digital transformation.
