Public Disclosures


Max Life Insurance has progressed well on all business parameters in the Financial Year 2022-23 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 13% to Rs. 25,342 crores
  •     Shareholders profit after tax at Rs. 435 crores
  •     Assets under management increased by 14% to Rs. 122,857 crores
  •     The solvency ratio of 190%, 1.27 times more than the mandatory 150%, indicates the company’s strong and stable financial position
  •     Conservation ratio at 83% and 13th-month persistency at 85%
  •     Policyholder Bonus Paid at Rs. 1,265 crores
  •     Sum assured in force at Rs. 1,397,142 crores, recorded an increase of 19% over the previous financial year
  •     Expense of management to gross direct premium ratio stood at 20%
  •     Grievance incidence rate was 64 per 10,000 policies for the year
  •     We have paid 99.51% claims on individual business policies and 99.33% claims on group business policies


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