Results 22-Feb-24
Announcements
Max Life Insurance Company standalone net profit declines 39.76% in the December 2023 quarter
Sales rise 15.97% to Rs 7170.32 crore
Net profit of Max Life Insurance Company declined 39.76% to Rs 152.18 crore in the quarter ended December 2023 as against Rs 252.61 crore during the previous quarter ended December 2022. Sales rose 15.97% to Rs 7170.32 crore in the quarter ended December 2023 as against Rs 6183.14 crore during the previous quarter ended December 2022.
Particulars
Quarter Ended
Dec. 2023
Dec. 2022
% Var.
Sales
7170.32
6183.14
16
OPM %
1.46
4.62
-
PBDT
175.32
293.99
-40
PBT
175.32
293.99
-40
NP
152.18
252.61
-40
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 and Yes Bank extend bancassurance partnership
( Corporate News - 13-Apr-20 12:02 )
IRDAI issues an exposure draft to increase the surrender value of non-linked products
( Insurance - 14-Dec-23 19:56 )
AU Small Finance Bank enters into bancassurance tie-up with Max Life Insurance Company
( Corporate News - 21-Sep-23 15:38 )
Max Life policyholders to get Rs 1,604 crore as participating bonus
( Insurance - 26-May-23 10:03 )
Max Life Pension Fund receives certificate to commence business
( Corporate News - 25-Aug-22 20:20 )
Max Life to pay penalty of Rs 3 cr imposed by IRDAI
( Corporate News - 17-Oct-22 09:18 )
Axis Bank stake in Max Life likely to rise to 20 pc in 12-18 months
( Insurance - 14-Jun-21 09:24 )
Board of Axis Bank approves acquisition of 29% stake in Max Life
( Corporate News - 28-Apr-20 14:22 )
Max Life Insurance appoints Rajiv Anand as its new Chairman
( Insurance - 05-Dec-23 10:22 )
Max Life assets under management crosses Rs 1.5 lakh crore for the first time
( Insurance - 15-Apr-24 17:37 )
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