Max Life Insurance
CORPORATE/INSURANCE Max Life Insurance H1 FY 2013 PBT Up 6% to Rs. 398 Crore -- Records Gross Premium of Rs. 2,901 crore -- Market Share amongst private life insurers at 9.5% on Adjusted Individual FYP -- Records 30% growth in AUM to Rs. 19,184 crore -- Solvency Margin 554% post its maiden shareholders’ interim dividend Max Life Insurance, India's leading life insurance company today announced its audited half yearly results for the Financial Year 2012 -13. The Company continued its profitable growth and recorded net profit before tax of Rs.398 crore up 6% while the gross revenue recorded a marginal increase of 1% to Rs. 2,901 crore. The Company also performed well on other parameters like Assets Under Management that increased by 30% to Rs. 19,184 crore over last year and sum assured that touched Rs.158,054 crore, an increase of 7%. The Company announced the maiden shareholders’ dividend entailing distribution of Rs 115 crore, base...