Max Life's new business premium (on an annual premium equivalent basis) grew 11% to Rs 3,040 crore during the April-December 2020 period, compared with Rs 2,740 crore in the year-ago period.
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Max Life Insurance, Tata AIA Life Insurance, India-First Life and Aegon Life are some of the companies that are reportedly looking to raise the rates.
Automation of services not only saves cost but also reduces time required to settle a claim or renew a policy
Beware of calls from strangers seeking details of your insurance policies
Despite claims from pandemic cases, the company has posted a marginal increase in net income in the first half at Rs 88.2 crore as against Rs 75.6 crore in the year-ago period
In the past few years, technology has drastically changed the way we purchase products and services. There is an app or seamless online platform available for banking, stock market investments, payments, etc. The coronavirus pandemic has given a big boost to the digital revolution and even paper heavy, agent dependent insurance purchase also went digital. […]
Max Life has the highest death claim settlement ratio at 99.2% as on March 31, 2019
The regulator has reasoned that the step will not only bring down the cost but also help speed up claim settlement process