Motilal Oswal: Max Life’s Business Trends Steady; Persistency Rate To Improve
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Motilal Oswal Report
To get an update on business trends across key products, distribution channels, and persistency trends, we interacted with Mr Prashant Tripathy – Managing Director and Chief Executive Officer of Max Life Insurance.
Here are the key insights from our discussion -
The company has been delivering relatively stronger growth trends versus peers as the industry recovers from sharp premium decline amid the Covid-19 pandemic.
This is primarily led by a shift in the product mix toward the protection and non-participating segments, which are seeing healthy demand in the current environment.
Also, a strong push via the banca channel has supported premium recovery.
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