Max Life News

Markets

Max Life’s Q1 metrics mixed but outlook keeps investors hooked

Max Life paid out Rs236 crore as claims in Q1, four times the covid claims of FY21. But all life insurers have seen a surge in claims and Max Life is not an outlier. Moreover, the insurer has a reserves which adequately covers the rise in claims

2 min read12 Aug 2021
Companies

Axis-Max valuation under Irdai scrutiny

Irdai plans to seek details of the deal pricing to understand the rationale behind the discountAxis Bank is proposing to buy only 17% in Max Life to form the joint venture

2 min read3 Sep 2020
Industry

Axis-Max valuation on IRDAI radar

The sharp discount in the proposed valuation of Max Life Insurance Co. Ltd has attracted the attention of the country’s insurance regulator, which has decided to seek more details of the transaction

2 min read2 Sep 2020
Companies

Axis Bank proposes to acquire 17% of equity share capital of Max Life

This will result in total ownership of 18% post the transaction, says Axis Bank

2 min read24 Aug 2020
Companies

MAX Life, Axis Bank tweak insurance JV pact

Under the deal announced in April, Axis Bank was to raise its stake in Max Life from 1% to 30% for ₹1,592 crore at ₹28.61 a share, elevating their bancassurance partnership to a JVIrdai had also asked both firms to change a clause that empowers one of the two parties to appoint auditors in Max Life

2 min read24 Aug 2020
Videos

Haven't seen huge surge in claims: Max Life Insurance MD-CEO on Covid impact

Prashant Tripathy, Managing Director and Chief Executive Officer of Max Life Insurance Co Ltd commented on impact of the Covid-19 pandemic on the sector. Tripathy said that Max Life was experiencing a sharp rise in sale of protection policies as a share of the total. Watch the full video for more.

28 Jul 2020
Insurance

Max Life Insurance claims paid ratio at an all-time high of 99.22%

The Max Life Insurance said it has consistently improved its claims paid ratio in the last five years to breach the remarkable 99% mark this financial yearThe company strengthened its personalised claims services by enabling claimants to intimate claims online

1 min read2 Jun 2020
Companies

Axis Bank to raise its stake in Max Life Insurance to 30%

The lender to raise its stake in Max Life Insurance from about 1.5% to 30% through an all-cash deal worth around ₹1,600 croreThe latest deal, once consummated, will value Max Life Insurance at around ₹5,667 crore

4 min read28 Apr 2020
Money

Urban India feels financially unprotected says report

Survey reveals that the awareness and ownership of term plans has improved over the last 12 monthsIndian Protection Quotient saw an improvement of 2 points from last year

2 min read5 Mar 2020
Markets

Max Life’s dream comes true, gets Axis Bank an insurance exposure

The insurer’s bancassurance arrangement with Axis Bank would have been up for review in September 2021Max Life cannot afford to lose Axis Bank as the lender’s network contributes 54% to its business

2 min read23 Feb 2020
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