Max Financial Q4 Review - Steady Performance; Non-Participating Policy Growth Remains Robust: Motilal Oswal
A customer holds Indian rupee notes at a store in the Dadar wholesale flower market in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)  

Max Financial Q4 Review - Steady Performance; Non-Participating Policy 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 Financial Services Ltd. continues to demonstrate resilient performance amid a challenging macro environment, led by healthy (36%) annual premium equivalent growth, aided by robust growth in non-participating savings and recovery in the unit linked investment plan segment.

After witnessing robust protection growth over H1, the same moderated during H2 FY21.

Healthy product mix towards high margin segments and strong annual premium equivalent growth aided value of new business growth of 44% YoY during Q4 FY21.

Strong push via the bancassurance channel has aided premium growth, while the proprietary channel is showing healthy traction.

Click on the attachment to read the full report:

Motilal Oswal Max Financial Q4FY21 Result Update.pdf

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