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Max Life assets under management crosses Rs 1.5 lakh crore for the first time     Back
(15 Apr 2024)

Max Life Insurance has crossed the Rs 1.5 lakh crore mark in assets under management (AUM) as of March 31, 2024. This represents a growth rate of over 20% year-on-year.

The company has seen a 1.5x increase in AUM since September 2021 and growth in AUM can be attributed to Max Life's customer-centric approach, robust distribution channels, and continuous product innovation, supported by a tech-first strategy, the company said.

According to public disclosures, Max Life's gross written premium(GWP) rose 16% to Rs 18,793 crore in first nine months of FY24, with renewal premium increasing by 12% to Rs 11,823 crore.

The total annual premium equivalent (APE) grew by 23% to Rs 4,561 crore.

Claim settlement ratio of the company for the period of 2022-23 stands at impressive 99.51%.
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