Public Disclosures
Max Life Insurance has progressed well on all business parameters in the Financial Year 2021-22 and has further strengthened its position owing to its continued focus on building a successful life insurance business to deliver the core value of long-term savings and protection.
- The gross written premium of the company grew 18% to Rs. 22,414 crores
- Shareholders profit after tax at Rs. 387 crores
- Assets under management increased by 19% to Rs. 107,510 crore
- The solvency ratio of 201%, 1.34 times more than the mandatory 150%, indicates the company’s strong and stable financial position
- Conservation ratio at 85% and 13th-month persistence at 85%
- Policyholder Bonus Paid at Rs. 1,181 crores
- Sum assured in force at Rs. 1,174,515 crores, recorded an increase of 8% over the previous financial year
- Expenses of management to gross direct premium ratio stood at 20%
- Grievance incidence rate was 40 per 10,000 policies for the year
- We have paid 99.34% claims on individual business policies and 99.41% claims on group business policies
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Public Disclosures | L1--L45 | Download |
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Stewardship Code for Max Life Insurance
- Summary of Voting Actions during Quarter 3, Oct-Dec 2022
- Summary of Voting Actions during Quarter 2, July-Sep 2022
- Summary of Voting Actions during Quarter 1, April-June 2022.
- Summary of Voting Actions during Quarter 4, Jan-Mar 2022
- Summary of Voting Actions during Quarter 3, Oct-Dec 2021
- Stewardship Code for Max Life Insurance
- Summary of Voting Actions during Quarter 2, Jul-Sep 2021
- Summary of Voting Actions during Quarter 1, Apr-Jun 2021
- Summary of Voting Actions during Quarter 4, Jan-Mar 2021
- Summary of Voting Actions during Quarter 3, Oct-Dec 2020
- Summary of Voting Actions during Quarter 2, July-Sep 2020
- Summary of Voting Actions during Quarter 1, Apr-June 2020
- Summary of Voting Actions during Quarter 4, Jan-Mar 2020
- Summary of Voting Actions during Quarter 3, Oct-Dec 2019
- Summary of Voting Actions during Quarter 2, July-Sept 2019
- Summary of Voting Actions during Quarter 1, April-June 2019
- Summary of Voting actions during Quarter 4, Jan-Mar 2019
- Summary of Voting actions during Quarter 3, Oct-Dec 2018
- Summary of Voting Actions during Quarter 2, July-Sept 2018
- Summary of Voting Actions during Quarter 1, April-June 2018
- Summary of Voting Actions during Quarter 4, Jan-Mar 2018
- Summary of Voting Actions during Quarter 3, Oct-Dec 2017
- Summary of Voting Actions during Quarter 2, July-Sept 2017