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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 Pension Fund receives certificate to commence business
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Corporate News
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25-Aug-22
20:20
)
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Max Life launches its new Term Insurance Plan 'Max Life Smart Term Plan'
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Insurance
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20-Jun-19
18:19
)
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Max Life Insurance tie-up with Ditto to distribute life insurance online
(
Insurance
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04-Nov-22
17:40
)
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Max Life Insurance becomes first life insurer to adopt Account Aggregator system
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Insurance
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28-Oct-21
15:55
)
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Max Life's statement on proposal for non-linked life insurance policies in Budget 2023
(
Corporate News
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02-Feb-23
09:36
)
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Board of Max Financial Services approves Mitsui Sumitomo Insurance's share swap
(
Corporate News
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05-Mar-20
09:47
)
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AU Small Finance Bank enters into bancassurance tie-up with Max Life Insurance Company
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Corporate News
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21-Sep-23
15:38
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Max Life Insurance Company standalone net profit rises 14.07% in the June 2023 quarter
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Results
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Announcements
16-Aug-23
16:29
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Max Life Insurance appoints Rajiv Anand as its new Chairman
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Insurance
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05-Dec-23
10:22
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Max Life Insurance Company standalone net profit declines 31.31% in the September 2022 quarter
(
Results
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Announcements
26-Nov-22
07:56
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Max life insurance join hands with Ujjivan Small Finance Bank for Bancassurance partnership
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Insurance
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06-Mar-23
10:34
)
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