 |
Insurance
15-Apr-24
|
|
|
|
|
|
|
|
|
|
|
|
Max Life assets under management crosses Rs 1.5 lakh crore for the first time
|
|
|
|
|
|
|
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%.
|
|
|
|
Previous News |
Max Life Insurance Company standalone net profit rises 14.07% in the June 2023 quarter
(
Results
-
Announcements
16-Aug-23
16:29
)
|
|
|
Max Life Insurance Company standalone net profit rises 273.21% in the September 2023 quarter
(
Results
-
Announcements
02-Dec-23
07:33
)
|
|
|
New surrender-value norms: Max Life expects profit impact of 100-200 basis points
(
Insurance
-
16-Aug-24
09:55
)
|
|
|
Max Life Insurance launches its new savings plan “Max Life Smart Wealth Income Plan”
(
Insurance
-
10-Nov-21
12:26
)
|
|
|
Axis Bank plans to explore long term strategic partnership with Max Life
(
Corporate News
-
20-Feb-20
16:35
)
|
|
|
Max Life launches its new Term Insurance Plan 'Max Life Smart Term Plan'
(
Insurance
-
20-Jun-19
18:19
)
|
|
|
Max Life Insurance Company standalone net profit declines 39.76% in the December 2023 quarter
(
Results
-
Announcements
22-Feb-24
07:40
)
|
|
|
Board of Max Financial Services approves Mitsui Sumitomo Insurance's share swap
(
Corporate News
-
05-Mar-20
09:47
)
|
|
|
Max Life Insurance Company partners with DCB Bank
(
Corporate News
-
11-Jul-23
13:58
)
|
|
|
Max Life expects double-digit growth in FY21
(
Insurance
-
19-Dec-20
12:08
)
|
|
|
Max Financial Services acquires balance 5.17% stake in Max Life
(
Corporate News
-
08-Dec-22
17:48
)
|
|
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|
|
|
|
|
|