by AIP Online Bureau | Feb 6, 2024 | Banking & Bancassurance, Indian News, Life, Regulation
Last year in August, the company announced a capital infusion by Axis Bank by issuance of 14.25 crore equity shares to help Max Life to support its future growth ambitions, augment its capital position and improve solvency margins NEW DELHI: Max Financial Services,...
by AIP Online Bureau | Sep 1, 2023 | Banking & Bancassurance, Indian News, Life, Regulation
Last October, the Insurance Regulatory and Development Authority of India (IRDAI) had penalised Axis Bank Rs 2 crore for the share transactions which was done mainly to get excess remuneration as corporate agent of Max Life than permissible under the rules Chennai:...
by AIP Online Bureau | Aug 10, 2023 | Indian News, Life
Max Life Insurance new business margin (NBM) expanded to 22.2% in Q1FY24, improved 110 bps over corresponding previous quarter mainly driven by change in product mix Value of New Business (VNB) grew by 16% to Rs. 247 Crore in Q1FY24 New Delhi: After the approval of...
by AIP Online Bureau | Jun 3, 2023 | Banking & Bancassurance, Indian News, Life
The partnership has since inception served more than 25 lack customers with over Rs 3,81,900 Cr. worth of sum assured to cover their risks New Delhi: Max Life Insurance and Axis Bank, one of India’s largest private sector banks, celebrate the completion of thirteen...
by AIP Online Bureau | Jan 10, 2023 | Banking & Bancassurance, Indian News, Life, Regulation
The revision, the stock exchange filing said, has been done consequent to the guidance received by Max Life from insurance regulator IRDAI.Discounted cash flow refers to the estimated value of an investment based on future cash flows Mumbai: Axis Bank on Tuesday said...
