New Delhi / Chennai, May 16th 2018: Max Life Insurance, one of the leading life insurance companies in India, has recently concluded one of the largest real estate transactions by an Indian Life Insurance company. Max Life has acquired a pre-leased commercial building spread over 1.79 Lakh Sq. ft. in Pune’s Magarpatta city. The deal is a testimony to Max Life’s consistent efforts to deliver superior returns to its customers. This strategic investment is in line with the company’s long-term investment strategy to diversify the overall risk in the portfolio by investing in multiple asset classes including fixed income, equities, real-estate and alternative assets to optimize returns for its policyholders.
Speaking about the transaction Mr. Rajesh Sud, Executive Vice Chairman and Managing Director, Max Life Insurance said, “In the last few years Max Life’s Asset Under Management (AUM) has seen rapid growth. From a level of about Rs. 25,000 crore in FY14, the AUM has grown to over Rs. 52,000 crore in FY18, and expected to cross one lakh crore mark over the next four years. This consistent growth is a result of robust new business growth, high-quality customer retention and strong investment returns driven by a strategy to invest in a diversified portfolio across various asset classes. The recent real estate transaction is a long-term investment by Max Life and will add to the returns that we offer to our customers on their policies.”
Elaborating on Max Life’s investment plans Mr. Mihir Vora, Director and Chief Investment Officer, Max Life Insurance said –“Max Life is confident of its investment strategy which is based ona deep understanding of the markets and economicconditions,locally and globally. We are positive on both equities and fixed income investments over the long-term, given the growth that India is likely to achieve in the next decade. We continue to invest in line with our philosophy of buying growth at a reasonable price.”
About Max Life Insurance Co. Ltd. (www.maxlifeinsurance.com)
Max Life Insurance, one of the leading life insurers, is a joint venture between Max Financial Services Ltd. and Mitsui Sumitomo Insurance Co. Ltd. Max Financial Services Ltd. is part of the Max Group, which is a leading Indian multi-business corporation, while Mitsui Sumitomo Insurance is a member of MS&AD Insurance Group, which is amongst the leading insurers in the world. Max Life Insurance offers comprehensive life insurance solutions for long term savings, protection and retirement through its high quality agency distribution and multi-channel distribution partners. A financially stable company with a strong track record over the last 17 years, Max Life Insurance offers superior investment expertise. Max Life Insurance has the vision ‘To be the most admired life insurance company by securing the financial future of our customers’. Max Life has a strong customer-centric approach focused on advice-based sales and quality service delivered through its superior human capital.
During the Financial Year 2016-17, Max Life Insurance achieved gross written premium of Rs.10,780 crore and had sum assured in force of Rs.3,77,572 crore. As on 31st March 2017, Max Life had
39,13,000 policies in-force which were procured and now services through its 9,446 employees, 54,283 agent advisors at its 210 own offices across the country.