new delhi intending to expand its footprint across the country max new york life insurance is planning to have around 1600 offices in all major cities and towns over the next three years with a special focus on rural clients we have plans to ramp up the branch network to 1600 in the next three years said debashis sarkar the companys senior director and chief marketing officer he said that company has planned a hubandspoke distribution model where one hub and its spokes caters to 8 to 10 towns and about 1000 villages covering about 20 lakh people the agents will be recruited from local areas to maintain trust and personal relationships with clients max currently has 366 offices in 233 cities we plan to have more than 1600 offices and increase the number of agents to 3 lakh from the current 50000 sarkar said the indian life insurance market is still largely untapped with penetration at a mere 41 per cent of the gdp he said the sector is going to witness high growth rates in coming years private players have been steadily increasing their market share which currently stands around 50 per cent said sarkar this will go up as private insurers increase their distribution footprint max has also tied up with corporates like indian oil corporation and triveni engineering and industries which have a wide distribution network to sell life insurance products in emerging and rural markets