After the completion of a series of transactions, Max Life will become a 70:30 joint venture between MFS and Axis Bank
Max Life Insurance is a joint venture between Max Financial Services Ltd and Mitsui Sumitomo Insurance
Prashant Tripathy, managing director and chief executive of Max Life Insurance, spoke to Subrata Panda on how the sector will be impacted, the change in strategy of the company
Max Life is currently the largest non-bank owned private life insurer in India
While the pace of growth for the four listed life insurers has come down, HDFC Life and Max Life fared better
India's fourth-largest insurer is holding about 10% of its assets in cash, a five-fold jump over levels it usually maintains, as it doesn't expect a turnaround in sentiment anytime soon
The current valuations are high, compared to the long-term trend, indicating markets may not go up in line with earnings