Max Life's PBT up 17% to Rs. 860 crore

The company's AUM increased by 19% to Rs 20,458 cr

Max Life Insurance company posted Profit Before Tax of Rs.860 crore, up 17% over the previous financial year. The gross written premium

 

of the company grew 4% to Rs.6,639 crore. Max life declared shareholder dividend of Rs.259 crore and a bonus of Rs. 297 crore to participating policyholders, which is a 5 to 7.5% increase from last year.

 

Max Life's, assets under management increased by 19% to Rs.20,458 crore. The company's solvency ratio is 521% as of now.  The company has paid 94.3% of its claims during the year amounting to Rs.233 crore.