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Max Life Q3 AUM at Rs. 23,132 cr

The company's Gross Premium Income for Q3FY14 grows 11% to Rs. 1,841 crore

February 13, 2014 8:30 IST | India Infoline News Service
Max Life Insurance recorded new business premium of Rs. 1,480 crore during the first nine months of the Financial Year 2013-14, a growth of 15% over the corresponding period last year.
Max Life increased its market share to 10.2%, an increase of 120 bps, amongst private life insurers. The Gross Written Premium of the Company grew 6% to Rs.4,846 crore. During the period Shareholder Profit After Tax grew 3.5% to Rs.326 crore.
Assets Under Management increased by 15% to Rs. 23,132 crore for 9M FY 2013-14 from December 2012.
The company's Gross Premium Income for Q3FY14 grows 11% to Rs. 1,841 crore, while its expense ratio improves from 28.3% in Q3FY13 to 26.3% in Q3FY14.

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