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Insurance
15-Apr-24
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Max Life assets under management crosses Rs 1.5 lakh crore for the first time
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Max Life Insurance has crossed the Rs 1.5 lakh crore mark in assets under management (AUM) as of March 31, 2024. This represents a growth rate of over 20% year-on-year.
The company has seen a 1.5x increase in AUM since September 2021 and growth in AUM can be attributed to Max Life's customer-centric approach, robust distribution channels, and continuous product innovation, supported by a tech-first strategy, the company said.
According to public disclosures, Max Life's gross written premium(GWP) rose 16% to Rs 18,793 crore in first nine months of FY24, with renewal premium increasing by 12% to Rs 11,823 crore.
The total annual premium equivalent (APE) grew by 23% to Rs 4,561 crore.
Claim settlement ratio of the company for the period of 2022-23 stands at impressive 99.51%.
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Previous News |
Max Life Insurance Company standalone net profit declines 31.31% in the September 2022 quarter
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Results
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Announcements
26-Nov-22
07:56
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Max Life Insurance and Tata Asset Mgt get approval to set up pension funds
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Insurance
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01-Oct-21
23:14
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Board of Max Financial Services approves Mitsui Sumitomo Insurance's share swap
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Corporate News
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05-Mar-20
09:47
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Max Life Insurance Company partners with DCB Bank
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Corporate News
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11-Jul-23
13:58
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Max Life Insurance Company standalone net profit rises 273.21% in the September 2023 quarter
(
Results
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Announcements
02-Dec-23
07:33
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Max Life Insurance Company standalone net profit rises 14.07% in the June 2023 quarter
(
Results
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Announcements
16-Aug-23
16:29
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Max Life Insurance launches its new savings plan “Max Life Smart Wealth Income Plan”
(
Insurance
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10-Nov-21
12:26
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Max Life Insurance partners with Capital SFB to offer life insurance solutions
(
Insurance
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04-May-23
15:48
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Max Life to pay penalty of Rs 3 cr imposed by IRDAI
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Corporate News
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17-Oct-22
09:18
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Max Life Insurance appoints Rajiv Anand as its new Chairman
(
Insurance
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05-Dec-23
10:22
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Max Financial receives IRDAI approval to divest up to 12% stake in Max Life
(
Corporate News
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25-Feb-21
11:18
)
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