Max New York Life Insurance is now the largest non-bank owned life insurance company in India reflecting the inherent strengths of the company’s business model.
- Total Revenue increased by 10% to Rs. 6,321 crores in 2011-12 over previous year.
- Renewal premium income grew by 20% over previous year to Rs.4,489 crores in 2011-12.
- Net Profit has increased to Rs. 460 crores.
- Assets under management rose to Rs.17,215 crores, a growth of 24% over last year.
- Has amongst the highest conservation ratio at 81%.
- Solvency Margins stood at 534% as against the 365% for the previous year.
- Cumulative sum assured is over Rs.1,52,000 crores.
- Number of policies sold by Max New York Life Insurance since inception crossed 6 million.