Highlights of all-round performanceinH1 FY’17
New Business Premium up by23% to Rs1,361 crore
As on 30th September 2016 – Assets Under Management up by 21% to Rs39,647 crore
Sum Assured up by 33% to Rs3,52,756 crore
New Delhi, November 14, 2016: Max Life Insurance Co. Ltd. one of the leading Indian life insurance company, recorded New Business Premium of Rs. 1,361 crore, growth of 23% in H1 FY’17. During this period the Gross Written Premium of the company grew by 14% to Rs4,218 crore, while the renewal premium recorded growth of 11% to 2,857 crore. The Company recorded shareholder profit (Pre Tax) of Rs. 344 crore, growth of 32% in H1 FY’17.
The Board of Directors of Max Life Insurance Co. Ltd. approved an interim gross dividend of Rs169 crore.
Max Life Insurance Co. Ltd. performed well on other key business parameters for H1 FY’17:
Commenting on the performance of the company, Mr. Rajesh Sud, Executive Vice Chairman & Managing Director, Max Life InsuranceCo. Ltd.said, “I am delighted with the strong financial performance of the company during H1 FY’17. All round improvement in performance on key business parameters has resulted in superior customer and shareholder outcomes. During H1FY’17, we continued to improve our customer service standards and process orientation. This has resulted in superior performance on health parameters like persistency, conservation ratio, claims and customer service.”
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