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.

ParticularsQuarter Ended
 Dec. 2023Dec. 2022% Var.
Sales7170.326183.14 16
OPM %1.464.62 -
PBDT175.32293.99 -40
PBT175.32293.99 -40
NP152.18252.61 -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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