Public Disclosures

Max Life Insurance has progressed well on all business parameters in the Financial Year 2019-20 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 11% to Rs. 16,184 crore.
• Shareholders profit after tax at Rs. 539 crore.
• Assets under management increased by 9% to Rs. 68,471 crore.
• Solvency ratio of 207%, 1.38 times more than the mandatory 150% indicating the company’s strong and stable financial position.
• Conservation ratio at 85% and 13th month persistency at 87%.
• Policyholder Bonus Paid at Rs. 1133 Crore.
• Sum assured in force at Rs. 913,660 crore, recorded an increase of 30% over the previous financial year. 
• Expenses of management to gross direct premium ratio stood at 21%.
• Grievance incidence rate was 47 per 10000 policies for the year.
• We have paid 99.22% claims on individual business policies and 99.53% on group business policies.
  

Max Life Insurance continues to differentiate itself in the market place based on its advice based sales, diversified distribution architecture and comprehensive product portfolio which has helped it achieve a profitable growth.

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