by AIP Online Bureau | Oct 26, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Regulation
The show cause notice (SCN) is being reviewed and will be filing responses to the SCN with Sebi as the said transactions were undertaken with requisite regulatory approvals, Axis Bank said New Delhi: Capital market regulator Securities and Exchange Board of India has...
by AIP Online Bureau | May 8, 2024 | Indian News, Life
Max Life Insurance achieved new business Margin (NBM) of 26.5% in FY24 and 28.6% in Q4FY24. The life insurer’s value of new business (VNB) of Rs 1,973 crore, grew 1% in FY24 The life insurer reported an embedded value(EV) of Rs 19,494 crore, while the operating...
by AIP Online Bureau | Apr 4, 2024 | Banking & Bancassurance, Life, Regulation
Axis Bank proposes to infuse Rs 1,612 crore in Max Life Insurance. Approval for the transaction from the Insurance Regulatory and Development Authority of India (IRDAI) and the Pension Fund Regulatory and Development Authority (PFRDA) was received by Max Life through...
by AIP Online Bureau | Feb 6, 2024 | Briefs, Life
Max Life Insurance Company has appointed of Sumit Madan as senior director and chief distribution officer. In this role, Sumit will help drive the company’s business growth and expansion initiatives across distribution networks, including bancassurance, agency, and...
by AIP Online Bureau | Jan 23, 2023 | Articles, Eco/Invest/Demography, Life
The following findings reveal insights that highlight urban India’s shift in attitude and approach towards financial preparedness as shown in a survey-India Protection Quotient 5.0,fifth edition(1st edition of the survey was done in 2019) conducted by Max Life...
