News

DCB Bank jumps on entering into partnership with Max Life Insurance Company DCB Bank is currently trading at Rs. 127.50, up by 2.40 points or 1.92% from its previous closing of Rs. 125.10 on the BSE. The scrip opened at Rs. 125.20 and has touched a high and low of Rs. 130.25 and Rs. 124.55 respectively. So far 131891 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 141.20 on 13-Dec-2022 and a 52 week low of Rs. 81.00 on 11-Jul-2022. Last one week high and low of the scrip stood at Rs. 1...
DCB Bank jumps on entering into partnership with Max Life Insurance Company
DCB Bank jumps on entering into partnership with Max Life Insurance Company
Source: Accord Fintech
11/07/2023 2:50:19 PM
Max Life partners with DCB Bank Ltd. to offer a comprehensive range of life insurance solutions Max Life Insurance Company Ltd. (“Max Life” / “Company”) announces its partnership with DCB Bank Ltd. (DCB Bank/ the Bank), a new-generation private sector bank in India. Through this collaboration, Max Life and DCB Bank will provide a variety of life insurance products to the Bank's customers, including term, savings, and retirement plans, allowing them to protect their financial future and expand their investment portfolio. DCB Bank is a new-generation private...
Max Life partners with DCB Bank Ltd. to offer a comprehensive range of life insurance solutions
Max Life partners with DCB Bank Ltd. to offer a comprehensive range of life insurance solutions
Source: PR Agency
11/07/2023 2:42:40 PM
Rise in Premium amount for Life Insurance is the biggest concern for consumers - Hansa Research`s CuES 2023 Report Hansa Research has recently released its much-awaited annual syndicated report, Insurance CuES 2023, which captures interesting insights about consumers’ perceptions and experiences with life insurance brands.   The report identifies three major barriers to customers’ life insurance purchasing decisions: behavioral biases/ perceived need, economic constraints/affordability, and perceived difficulty in a purchase. Affordability has become a more press...
Rise in Premium amount for Life Insurance is the biggest concern for consumers - Hansa Research`s CuES 2023 Report
Rise in Premium amount for Life Insurance is the biggest concern for consumers - Hansa Research`s CuES 2023 Report
Source: PR Agency
9/05/2023 11:45:37 AM
Removal of tax benefits on high-ticket premiums will hit insurance sector The guaranteed return product was the only growing segment and removal of tax exemptions on high ticket premiums will significantly impact life insurance sector growth, Credit Suisse said in a report. After a slowdown in protection and ULIP, the guaranteed return products have become the largest growth drivers for large private insurers. The budget announcement of the removal of tax exemption on high ticket policies directly impacts this segment, Credit Suisse said. ATS of non single...
Removal of tax benefits on high-ticket premiums will hit insurance sector
Removal of tax benefits on high-ticket premiums will hit insurance sector
Source: IANS
4/02/2023 6:46:04 PM
Max Financial Services jumps on getting IRDAI`s nod to acquire balance 5.17% stake in Max Life Max Financial Services is currently trading at Rs. 684.00, up by 18.95 points or 2.85% from its previous closing of Rs. 665.05 on the BSE. The scrip opened at Rs. 680.05 and has touched a high and low of Rs. 702.45 and Rs. 680.05 respectively. So far 49412 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1081.00 on 11-Jan-2022 and a 52 week low of Rs. 627.80 on 23-Nov-2022. Last one week high and low of the scrip...
Max Financial Services jumps on getting IRDAI`s nod to acquire balance 5.17% stake in Max Life
Max Financial Services jumps on getting IRDAI`s nod to acquire balance 5.17% stake in Max Life
Source: Accord Fintech
28/11/2022 3:16:07 PM
Max Life to pay penalty of Rs 3 cr imposed by IRDAI Max Life Insurance Company (Max Life) announced that recently in transactions involving Axis Bank and Max Financial Services (MFSL) with respect to transfer of shares of Max Life, a material subsidiary of MFSL, which were all duly approved the Board and shareholders of Max Life and MFSL, Insurance Regulatory and Development Authority of India (IRDAI) vide an order issued to Max Life imposed a penalty aggregating to Rs 3 crore alleging non-compliance of certain terms of its approvals granted. ...
Max Life to pay penalty of Rs 3 cr imposed by IRDAI
Max Life to pay penalty of Rs 3 cr imposed by IRDAI
Source: Dion Global Solutions Ltd
17/10/2022 11:20:45 AM
Rohit Sharma & Ritika Sajdeh named brand ambassadors of Max Life Insurance Max Life Insurance announces cricketer Rohit Sharma and wife Ritika Sajdeh as brand ambassadors Rohit Sharma and Ritika Sajdeh, who are seen together for the first time in a brand campaign, to endorse Max Life philosophy ‘You are the Difference’ New Delhi, September 19, 2022: Max Life Insurance Company Ltd. (“Max Life” / “Company”) today announced Rohit Sharma, sports icon and the captain of men’s Indian Cricket Team and his wife Ritika Sajdeh, ...
Rohit Sharma & Ritika Sajdeh named brand ambassadors of Max Life Insurance
Rohit Sharma & Ritika Sajdeh named brand ambassadors of Max Life Insurance
Source: PR Agency
19/09/2022 4:20:06 PM
Ujjivan raises Rs 475 crore through QIP; Strong participation from quality long-term investors Ujjivan SFB concludes Rs 475 crore of equity fundraise via Qualified Institutional Placement (QIP) mode. The Bank's Board of Directors approved the allotment of 22,61,90,476 Equity Shares of face value Rs 10 each to eligible qualified institutional buyers at the issue price of Rs 21 per Equity Share, including a premium of Rs 11 per Equity Share. The issue price reflects a discount of Rs 0.93 per Equity Share i.e. 4.24 per cent on the Floor Price of Rs 21.93 per Equity Share, aggreg...
Ujjivan raises Rs 475 crore through QIP; Strong participation from quality long-term investors
Ujjivan raises Rs 475 crore through QIP; Strong participation from quality long-term investors
Source: IANS
16/09/2022 3:27:30 PM
Axis Bank gains on completing twelve years of bancassurance partnership with Max Life Insurance Axis Bank is currently trading at Rs. 686.55, up by 1.15 points or 0.17% from its previous closing of Rs. 685.40 on the BSE. The scrip opened at Rs. 683.00 and has touched a high and low of Rs. 690.50 and Rs. 681.05 respectively. So far 126752 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 866.60 on 25-Oct-2021 and a 52 week low of Rs. 630.80 on 16-May-2022. Last one week high and low of the scrip stood at Rs. ...
Axis Bank gains on completing twelve years of bancassurance partnership with Max Life Insurance
Axis Bank gains on completing twelve years of bancassurance partnership with Max Life Insurance
Source: Accord Fintech
1/06/2022 10:32:00 AM
Investment Idea - Buy Max Financial Services Ltd For Target Rs. 1,200 - Motilal Oswal Growth momentum strong MAX Life Insurance (MAXLIFE) is among the top five private insurer and the only non-bank sponsored life insurer among the listed players with market share of 15.6%, as per sum assured. MFS holds 72% stake in MAXLIFE (the only subsidiary that it operates).   Improving Product mix: MAXLIFE has increased its focus on Non-PAR and Protection segments, the share of which has increased to ~44% in FY21 v/s ~16% in FY17 as Protection/Non-PAR savings grew by 40%/...
Investment Idea - Buy Max Financial Services Ltd For Target Rs. 1,200 - Motilal Oswal
Investment Idea - Buy Max Financial Services Ltd For Target Rs. 1,200 - Motilal Oswal
Source: Motilal Oswal Financial Services
26/07/2021 10:24:55 AM
Max Life launches new pension plan with guaranteed financial protection Max Life Insurance Company on Monday announced the launch of 'Max Life Saral Pension', a Non-Linked, Non-Participating Single Premium, Individual Immediate Annuity Plan. The plan guarantees a regular stream of income in one's golden years, offering customers a chance to maintain their lifestyle pre and post retirement with the assurance of guaranteed income as long as the policyholder lives. The product has been launched at a time when a large section of the society is showi...
Max Life launches new pension plan with guaranteed financial protection
Max Life launches new pension plan with guaranteed financial protection
Source: IANS
17/05/2021 3:08:59 PM
Key News Adani Group, Airtel & Max Life Insurance Ltd by SPA Securities Key News Adani Group becomes 3rd Indian conglomerate to cross $100 billion in mcap Billionaire Gautam Adani's ports-to-energy conglomerate has become India's third group to cross USD 100 billion in market capitalisation with shares of four of its six listed companies soaring to an all-time high on Tuesday. The total market cap of Adani Group's six listed companies at the close of trading on Tuesday was Rs 7.84 lakh crore or USD 106.8 billion, according to stock exchange data...
Key News Adani Group, Airtel & Max Life Insurance Ltd by SPA Securities
Key News Adani Group, Airtel & Max Life Insurance Ltd by SPA Securities
Source: SPA Securities Ltd
7/04/2021 10:38:01 AM
Banks, Insurance Sector Update and Top Picks – ICICIBC, HDFCB, SBIN, FB, and MAXF By Motilal Oswal Earnings outlook steady; will optimism turn into reality in FY22E? Asset quality under watch, resumption of AQ classification to aid clarity * The improvement in earnings outlook is led by a continued uptick in economic recovery and abating concerns around asset quality. Systemic loan growth is showing signs of a revival, with disbursement across various retail products – such as 2W, Home, Auto, LAP, and Gold loans – surpassing pre-COVID levels, while Banks remain cautious...
Banks, Insurance Sector Update and Top Picks – ICICIBC, HDFCB, SBIN, FB, and MAXF By Motilal Oswal
Banks, Insurance Sector Update and Top Picks – ICICIBC, HDFCB, SBIN, FB, and MAXF By Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
6/04/2021 10:17:53 AM
Insurance awareness improves amid pandemic: Survey Awareness on life insurance products improved among Indians amid the pandemic, showed a survey by Max Life Insurance. As per Max Life's 'India Protection Quotient 3.0', the degree to which Indians are aware about life insurance products or the Knowledge Index moved up by 9 points to 55 and life insurance ownership levels increased by 500 bps from IPQ 2.0. Notably, the survey shows a significant growth of Knowledge Index across all cities, age and gender, highlighting respons...
Insurance awareness improves amid pandemic: Survey
Insurance awareness improves amid pandemic: Survey
Source: IANS
20/01/2021 9:26:54 AM