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
Globally, worries about the slowing. Chinese economy and its impact on the worldwide economic growth coupled with uncertainty about the U.S. Fed interest rate hike led to heightened volatility and equity market losses. Japanese economic growth contracted in the second quarter at an annualized rate of -1.2%, weighed down by weakness in consumer spending, heightened concerns about whether the government can institute long-term reforms. China's manufacturing output contracted at its fastest pace in more than six years, offering fresh evidence that the country's growth rate continues to falter. Eurozone economic growth in the second quarter was revised higher to an annualized 1.5% rate, supported by improved consumer spending and trade. The RBI cut its benchmark rate by a higher-than-expected 0.50% in an effort to boost slowing growth. Total reduction this year is 1.25%. The Central bank also revised its growth forecast down to 7.4% from 7.6% forFY16..
Indian equities market was marginally down by 0.28% during the month. Monsoons ended with deficit of 14% raising fears of a step up in food inflation. IT Services continued to outperform the market whereas banking rallied late in the month on the back of the rate cut. Metals & Infrastructure sector underperformed the market. FIIs sold Indian equities around US$861 mn over September. On other hand, DII were buyer for around US$1549 mn.
In the Month of September Reserve Bank of India (RBI) surprised the financial markets positively with 50 basis points cut in the Repo rate. The key repo rate post cut stands at 6.75%. Federal Reserve cited global concerns as they refrained from increasing rates. Yield on the 10 year Government security eased by 14 basis points to 7.54% on September 30th from 7.78% previous month. INR appreciated by 1.3% to 65.59 against the dollar as global concerns eased post Federal Reserve action. Reserve Bank of India (RBI) also announced steps to liberalize the government bond market by introduction of FII limits in a phased manner. Also the central bank revised down its growth and inflation projection for FY16 and FY17 by 20-30 basis points reiterating its accommodative stance for monetary policy. July IIP print surprised positively at 4.2%. The uptick was led by capital goods (+10.6% vs -2.1% the previous month). August Consumer Price Inflation (CPI) remained almost unchanged at 3.7% vs 3.8% in July albeit a sequential price rise was seen in vegetables (8.6%) and pulses (3.4%) while transportation services fell (-0.9%) due to lower fuel prices. Core CPI eased by 20bps to 3.8%. Divergence between CPI & WPI widened with August WPI at -4.9% vs -4.1% last month. All key segments, primary articles (-3.7%), fuel (-16.5%) and mfg products (-1.9%) remained negative. August trade deficit narrowed slightly to $12.5bn vs $12.8bn in July with a sequential drop in oil imports. Exports contracted further at -20% YoY (vs -10.3% in July) with notable slowdown in engineering goods, textiles & agri segments. 1QFY16 CAD was also reported during the month and continued to narrow at 1.2% of GDP vs 1.4% in FY15. BoP stood at a surplus of $11.4bn reflecting RBI's increasing FX reserves.
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 - June 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: email@example.com; firstname.lastname@example.org. 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.