Private sector Max Life Insurance today posted 11% growth in new business premium at Rs 904 crore for the first half ended September, 2013-14.
The
gross written premium of the company grew 4% to Rs 3,005 crore during
the period. At the same time, the company's market share increased to
10.4% and maintained its rank as fourth largest private life insurer.
The profit before the tax grew marginally by 2% to Rs 248 crore.
In
view of a strong all round performance during the first half of 2013-14
fiscal, it declared a net interim shareholder Dividend of Rs 128 crore,
29% upward revision from interim dividend announced in the previous
year, Max Life Insurance managing director Rajesh Sud said.
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