Patna : Max Life Insurance, India’s leading life insurance company, continued its profitable growth journey during the first 9 months of the Financial Year 2013-14. The Company has outperformed the private industry to record New Business Premium of Rs. 1,480 crore, growth of 15% over the corresponding period last year.
Max Life Insurance further increased its market share to 10.2%, an increase of 120 bps, amongst private life insurers and maintained its rank as the largest non bank owned life insurer. The Gross Written Premium of the Company grew 6% to Rs.4,846 crore. During the period Shareholder Profit After Tax grew 3.5% to Rs.326 crore.