Shareholder Pre Tax Profit and
Gross Written Premium
Consistently strong premium growth; shareholder profits impacted by investments made for expansion to fuel future growth.
Shareholder Pre Tax Profit (` Cr.) Gross Written Premium (` Cr.)
Max Life's AUM crosses ` 60,000 Cr. It is now the fourth largest life insurer in terms of AUM.
Assets Under Management (` Cr.)
Value of New Business (VNB)
and New Business Margin (NBM)
Higher Protection products sales and increase in Non-Participating business lead to growth in VNB and NBM.
Value of New Business (VNB) (` Cr.) New Business Margin (NBM) %
Operating Expenditure Ratio
Change in Operating Expenditure Ratio driven by increase in operational efficiency and investment in proprietary channels.
Operating Expenditure Ratio (Opex/Net Premium)
Individual Adjusted First Year
Stable growth in New Business Premium backed by robust performance across channels.
Individual Adjusted Premium Equivalent (` Cr.)
Embedded Value (EV) and
New business growth and healthy experience in persistency and mortality drive EV and RoEV growth.
EV (` Cr.) Operating RoEV (%)
Claims Paid Ratio
Max Life continued leadership in Claims Paid Ratio in the life insurance industry. Paid death claims worth ` 452 Cr.
Claims Paid Ratio (%)
Conservation Ratio at
lower than FY2018 by
Solvency Surplus of
Solvency Ratio at