Max Financial  Q3 Review - Value Of New Business Margin Buoyant; Non-Par Growth Remains Robust: Motilal Oswal
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Max Financial Q3 Review - Value Of New Business Margin Buoyant; Non-Par Growth Remains Robust: Motilal Oswal

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Max Life Insurance has demonstrated a resilient performance amid a challenging macro environment, with 21% annual premium equivalent growth, led by robust growth in non-participating savings and a recovery in unit linked insurance plan.

After witnessing robust protection growth over H1 FY21, the same has moderated during Q3.

Shareholders’ profit after tax grew at 43% YoY during Q3 FY21.

Absolute value of new business growth stood robust (65% YoY), led by a VNB margin of 28.6%. This has been supported by robust trends in non-Par savings and cost improvement.

Click on the attachment to read the full report:

Motilal Oswal Max Financial Q3FY21 Result Update.pdf

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