Max Financial Services surges as its JV launches STAR ULIP
Max Financial Services is currently trading at Rs 1064.95, up by 18.65 points or 1.78% from its previous closing of Rs 1046.30 on the BSE.
The scrip opened at Rs 1048.20 and has touched a high and low of Rs 1065.15 and Rs 1042.45 respectively. So far 8529 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52-week high of Rs 1311.20 on 23-Oct-2024 and a 52-week low of Rs 864.30 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs 1073.35 and Rs 1028.00 respectively. The current market cap of the company is Rs 36375.10 crore.
The promoters holding in the company stood at 3.34%, while Institutions and Non-Institutions held 90.19% and 6.47% respectively.
Axis Max Life Insurance, a joint venture (JV) between Max Financial Services and Axis Bank, has launched the Axis Max Life Smart Term with Additional Returns (STAR) ULIP, a Unit Linked, Non-Participating Individual Life Insurance Plan that offers both life insurance protection and market-linked returns. The product is designed to help customers secure their financial future while also offering opportunities for long-term wealth creation. It provides coverage for accidental death and total and permanent disability, with optional riders. Additionally, policyholders can choose from a wide range of market-linked funds and investment strategies based on their individual risk preferences and financial goals.
Max Financial Services is a part of the Max group, an Indian multi business corporation.
