Max Life Insurance

Insurance Regulator Approves Axis Entities' Stake Acquisition In Max Life Insurance

Business | Edited by Nirmalya Sen | Thursday February 25, 2021

The IRDAI approval was an integral step in this long-awaited joint venture transaction which was first announced in April 2020

Axis Bank Gains Over 3% On Getting Nod For Stake Purchase In Max Life Insurance

Business | Edited by Peter Noronha | Thursday February 25, 2021

IRDAI gave its formal approval for the acquisition of up to 12 per cent stake in Max Life Insurance by Axis Bank and its subsidiaries, Axis Capital & Axis Securities (together Axis Entities)

Axis Bank Cuts Stake Purchase In Max Life Insurance To 17% From 29%

Business | Edited by Abhik Deb (with inputs from agencies) | Monday August 24, 2020

Initially Axis Bank hadplanned to raise its stake in the insurer to 30 per centfor about Rs 1,590 crore

Max Financial Calls Off Merger With HDFC Standard Life Insurance

Business | Thomson Reuters | Monday July 31, 2017

HDFC Standard Life, a joint venture between HDFC Ltd and Britain's Standard Life Plc, agreed last year to take over smaller rival Max Life Insurance in a deal to create India's top private life insurer.

Max Life, HDFC Life 'Committed To Merger', Weighing Options

Business | Press Trust of India | Thursday June 8, 2017

HDFC Life and Max Life Insurance had filed an application seeking in-principle approval of Irdai for the proposed amalgamation scheme on September 21, 2016.

HDFC, Max Financial Say No Communication From Government On Merger

Business | Press Trust of India | Wednesday May 24, 2017

"With reference to scheme of amalgamation involving HDFC Life, Max Financial Services, Max Life Insurance and Max India, the Corporation (HDFC) has not received any independent confirmation in this regard from any regulator/government authority," HDFC said in a regulatory filing.

Fresh Merger Structure To Insurance Regulator By Max Life-HDFC Life

Business | Press Trust of India | Sunday December 18, 2016

In the wake of Insurance Regulatory and Development Authority of India's (IRDA) reservation about the deal structure in the proposed merger of Max Life Insurance Company with HDFC Life, a new structure is likely to be submitted soon, IRDA officials said.

Standard Life's Indian Deal Faces Opposition By Local Regulators

Business | Thomson Reuters | Monday November 14, 2016

In August HDFC Standard Life Insurance Co (HDFC Life) agreed to buy Max Life Insurance in an all-stock deal to create the nation's top private life insurer valued at nearly $10 billion.

HDFC, Max Financial In Spotlight After Merger Of Life Insurance Business

Business | NDTV Profit Team | Tuesday August 9, 2016

Shares of HDFC and Max Financial Services were in spotlight today. HDFC's live insurance arm HDFC Standard Life Insurance reached agreement on Monday to take over smaller rival Max Life Insurance in an all-stock deal to create the nation's top private life insurer valued at nearly $10 billion.

HDFC Life Reaches Deal With Max To Create Rs 65,000-Crore Insurer

Business | Reuters | Monday August 8, 2016

HDFC Standard Life Insurance Co Ltd reached agreement on Monday to take over smaller rival Max Life Insurance in an all-stock deal to create India's top private life insurer valued at nearly $10 billion (around Rs 65,000 crore).

Analysts Explain Why HDFC Life, Max Life Insurance Are Merging

Business | NDTV Profit Team | Friday June 17, 2016

HDFC Standard Life Insurance on Friday said it has agreed with Max Financial Services and subsidiary Max Life Insurance to open exclusive merger talks, as the trio target an increased share of domestic insurance market. Shares of Max Financial Services and HDFC rallied sharply today.

Max Financial Services Shares Zoom 20% On Merger With HDFC Life

Business | Press Trust of India | Friday June 17, 2016

Shares of Max Financial Services soared 20 per cent to touch its highest trading permissible limit of the day as the company and Max Life Insurance will merge into HDFC Standard Life Insurance.

Max Life, HDFC Standard In Pact To Create India's Biggest Private Life Insurer

Business | NDTV Profit Team | Friday June 17, 2016

According to analysts, the merger between Max Life and HDFC Life will create a behemoth with a market cap of Rs 50,000 crore.

Commodity Stocks Worth A Closer Look Now: Mihir Vora

Business | NDTV Profit Team | Wednesday March 16, 2016

Mihir Vora, director and chief investment officer at Max Life Insurance, says it's time to take some exposure in metal stocks. The sharp correction in some commodity stocks merited a relook at these stocks, he said.

LIC Loses 5% New Premium Market Share to Rivals

Business | Friday May 1, 2015

The largest private player ICICI Pru Life's premium income surged 42 per cent to Rs 5,333.30 crore in 2014-15 from Rs 3,761.32 crore a year ago. But the number of policies the company sold fell 18 per cent to 6,39,137 in the year from 7,78,911 in FY14.