AUM touches Rs. 50,000 crore: Max Life Insurance
Assets Under Management (AUM) of Max Life Insurance have touched the Rs 50,000-crore point after it experienced rise in CAGR by 29.5% over the last 3 years. For full-year 2016-17, Max Life recorded first-year premium growth of 27% to Rs 3,666 crore and total gross written premium increased 17% to Rs 10,780 crore. “We have almost doubled our AUM and the credit goes to our team of analyst and fund managers, who have deep understanding of various industries and asset classes to take the most appropriate long-term investment decisions,” said Rajesh Sud, vice-chairman and managing director, Max Life Insurance. “In recent years, we have created investment capabilities in specialised asset classes such as real estate, alternate investment funds, additional tier-1 bonds and infrastructure investment trusts…. Max Life Insurance is also the first life insurance company to use fixed-income derivatives to hedge guaranteed product,” said Sud.
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