Max Life Q3 AUM at Rs. 23,132 cr

India Infoline News Service | Mumbai |

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

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.
 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.