Enjoy a host of benefits, generate statements, view policy details, pay on-line, log a request and much more.
Login to your agent portal to generate statements, view policy details, product news, policy servicing and much more.
1800 200 5577
1800 180 5577
News flow around tackling and resolution of the Greek debt crisis was the key economic event in June. IMF lowered it US growth forecasts to 2.5% from 3.1% for 2015 and it called on the US Fed to exercise patience in lifting rates and potentially delay rate hikes until early 2016.Internal voices with the Fed like Governor Powell said that the US economy could improve enough for the central bank to hike rates soon. China announced interest rate and reserve ratio cuts. The benchmark 1Year lending rate was reduced 25bps to 4.85%.At home, key events were a 25bps repo rate cut which was in line with expectations. The prospect of further rate cuts hinges on how monsoons progress, the inflation trajectory and transmission of rate cuts by banks.
Indian equities fell 0.8% during the month. On one hand, Greece concerns dampened the sentiments on the other hand, monsoons had a strong start and RBI’s repo rate cut provided some relief to the market. Energy and Media sectors outperformed the market whereas Real-estate, Metals and Information Technology were among the outperforming sectors. FIIs were net sellers of around USD 961 mn and DIIs were net buyer for around USD 1.9 bn.
During the month of June 2015, Reserve Bank of India (RBI) announced a cut in key Repo Rate by 25 basis points. RBI pointed out that the risks to the CPI still persist and future trajectory of rate cuts to depend on data, mainly outcome of Monsoons, Inflation and global markets. This implies that good monsoon and lower inflation expectations in the coming months should drive more rate cuts. RBI statement perceived as negative by the bond markets, with 10-year benchmark G-Sec ended the month at 7.86% from 7.64% previous month, 22 bps higher.
The Monsoon got off to a strong start with higher rains than long period averages, while the currently its at a deficit of around 3% on overall basis. However; kharif crop sowing which includes crop rice, pulses, coarse grains has been progressing well. This augurs well for agriculture growth.
Inflation measured by Consumer Price Index (CPI) registered slightly higher growth at 5.4% versus expectations of 5%. Despite the recent uptick it is expected RBI target of 6% for Jan 2016 to achieved. Food is the main component of CPI which may inch up in the coming months incase Monsoon disappoints.
GDP growth for financial year 2014-15 came in at 7.3% (earlier est. 7.4%) which improved from 6.9% in FY14 despite poor monsoon and sluggish consumption trends. Recovery was led by investments with gross fixed capital formation moving up marginally to 4.6% vs 3%. Consumption on the other hand slowed marginally to 6.4% from 6.5%. Industrial output for Apr improved to a healthy 6.1% from 4.5% last year, in line with recent trends in the industrial production.
The merchandise trade deficit narrowed for the 2nd consecutive month in May to $10.4bn but the compression was largely on account of gold import reduced but exports continued to stay weak. Indian Rupee (INR) continues strengthened, at 63.65 from 63.82 per dollar appreciating by 0.27% in the month.
Our aggregate Traditional portfolio witnessed a growth of 34.51%, and overall portfolio grew by 25% over the last one year till June 2014
Investment newsletter - March 2015
SMS 'Life' to 54242 and our agent will contact you
Copyright © 2013 Max Life insurance Co. Ltd. All Rights Reserved. An ISO 9001:2008 Certified Company.Registered Office: Max House, 1 Dr. Jha Marg, Okhla, New Delhi - 110020. Corporate Office: Max Life Insurance Co. Ltd., 3rd, 11th and 12th Floor, DLF Square Building, Jacaranda Marg, DLF City Phase II, Gurgaon (Haryana) – 122002. Operation Center: Max Life Insurance Co. Ltd, Plot No. 90-A Udyog Vihar, Sector 18, Gurgaon (Haryana) – 122015. Toll Free Helpline: 1800 180 5577 (for MTNL & BSNL lines) or 1800 200 5577 (from other service providers). Online Term Plan Helpline: 1800 200 3383. Fax Number: 0124-4159397. Email Ids: firstname.lastname@example.org; email@example.com. Insurance is the subject matter of solicitation.Trade logos displayed belong to Max India Ltd. and Mitsui Sumitomo Insurance Co. Ltd. respectively and are used by Max Life Insurance Co.Ltd. under a license. ARN/Web/01.Corporate Identity Number (CIN):U74899DL2000PLC106723. IRDAI - Registration No. 104.
Beware of spurious phone calls and fictitious/fraudulent offers
IRDAI clarifies to public that- IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.- IRDAI does not announce any bonus
Public receiving such phone calls are requested to lodge a police complaint along with details of phone call number.