LIFE INSURANCE MARKET SHARE

All Listed Pvt Life Insurers Gain Market Share (MoM)
▪️#HDFCLife: +19 bps
▪️I-Pru Life: +10 bps
▪️#MaxLife: +8 bps
▪️#SBILife: +4 bps

▪️#LIC Lost 400 bps Mkt Share Between Nov-Feb, Of Which Lost 100 bps (MoM)

Axis Entities To Acquire Addl 6.03% In Max Life

Axis Entities= Axis Bk, Axis Cap, Axis Sec

#Axis Entities Already Hold 12.99% In Max Life

#MaxLife Shareholding Post Deal:
▪️Axis Bank 16.22%
▪️Axis Cap & Axis Sec 2.8%

Big +ve For Max Fin, But -ve For Axis Bk

Obtained all necessary approvals for #MaxLife deal, and #AxisBank claims.

#MaxFinancial approves allotment of 14.25 crore #MaxLife shares to #AxisBank for Rs 1,612 crore: Exchange Filing.

June Life Insurance Data |

#LIC: Premium up 13.6%; total APE up 20.8% & retail APE up 12.7%

#MaxLife: Premium down 6%, total APE up 17.6% & retail APE up 22.2%

#JustIn | #MaxLife has been rebranded to #AxisMaxLifeInsurance, says #MaxFinancial