Public Disclosures

Max Life Insurance has progressed well on all business parameters in the Financial Year 2020-21 and has further strengthened its position due to its continued focus on building a successful life insurance business to deliver the core value of long-term savings and protection.

• Gross written premium of the company grew 18% to Rs. 19,018 crore.
• Shareholders profit after tax at Rs. 523 crore.
• Assets under management increased by 32% to Rs. 90,407 crore.
• Solvency ratio of 202%, 1.35 times more than the mandatory 150% indicating the company’s strong and stable financial position.
• Conservation ratio at 87% and 13th month persistency at 84%.
• Policyholder Bonus Paid at Rs. 1,143 crore.
• Sum assured in force at Rs. 1,087,987 crore, recorded an increase of 19% over the previous financial year. 
• Expenses of management to gross direct premium ratio stood at 21%.
• Grievance incidence rate was 31 per 10,000 policies for the year.
• We have paid 99.35% claims on individual business policies and 99.27% claims on group business policies.

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