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Axis Bank revises pact with Max Fin, to buy more 7% stake in Max life

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...

Axis Bank stake in Max Life Insurance likely to rise to 20% in 6-9 months: Tripathy

by AIP Online Bureau | Aug 28, 2022 | Banking & Bancassurance, Indian News, Life

”The bank currently holds about 13 per cent and we are hopeful that over the next 2-3 quarters they would be able to take it to 20 per cent,” Tripathy New Delhi: Axis Bank is likely to raise its stake in Max Life Insurance to about 20 per cent over the...

Max Life Insurance enters pension fund management biz; its arm secures licence from PFRDA

by AIP Online Bureau | Aug 26, 2022 | Indian News, Life, Pension & Social Security, Regulation

Set up with initial capital of Rs 50 crore, the fund manager is expected to begin its operation in October, Max Life managing director and CEO Prashant Tripathy told PTI New Delhi: Max Life Insurance Company on Friday said it has ventured into the pension fund...

Max Financial Q4 profit doubles to Rs 144 cr

by AIP Online Bureau | May 10, 2022 | Indian News, Life

Max Life’s assets under management (AUM) were at Rs 1,07,510 crore as on March 31, 2022, a rise of 19 per cent over the previous year Max Financial Services Ltd on Tuesday reported a two-fold jump in consolidated net profit at Rs 144 crore for the last quarter of...

Max Life insurance ecommerce channels achieves 8x growth over 4 Years

by AIP Online Bureau | Mar 31, 2022 | Data, Life, Technology

With the insurance industry projected to grow at 25-35% online in the next five years, Max Life is aiming to boost its e-commerce growth to 35-50%, touching the Rs 1,500-crore mark by FY26 New Delhi: Max Life Insurance announced that its ecommerce channels have...
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