Max Financial Services Logs Strong Q3 Performance; New Business Value Expansion Continues: Dolat Capital 
A customer counts Indian rupee banknotes. (Photographer Dhiraj Singh/Bloomberg)

Max Financial Services Logs Strong Q3 Performance; New Business Value Expansion Continues: Dolat Capital 

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.

Dolat Capital Report

Max Financial Services Ltd.’s gross written premium grew 19.3% in Q3 FY21 to Rs 46.3 billion driven by a strong growth in single premium, up 36.3% YoY.

New business annual premium equivalent grew 22% in Q3 FY21 to Rs 12.3 billion and 11% YoY in nine months FY21 driven by the launch of the new Smart Wealth Plan and the push in the protection segment.

Savings APE grew approximately 21% YoY in Q3 FY21 to Rs 10.8 billion led by a 2.2 times growth in the non-par savings business to Rs 4.4 billion and a strong recovery in unit linked insurance plans, up 19% YoY to Rs 4.5 billion.

Click on the attachment to read the full report:

Dolat Capital Max Financial Services Q3FY21 Result Update.pdf

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