Max Life Insurance has announced a significant increase in its financial performance for the first quarter of fiscal year 2025 (Q1 FY25), with a 46% rise in Profit Before Tax (PBT) reaching ₹151 crore.
The company’s Embedded Value (EV) saw a robust 30% year-on-year (YoY) growth, totaling ₹22,043 crore. The Operating Return on Embedded Value (RoEV) stood at 14.2%, reflecting strong operational efficiency.
The Value of New Business (VNB) experienced a 3% YoY increase, climbing to ₹254 crore from ₹247 crore in the same quarter of the previous fiscal year (Q1 FY24).
Additionally, the Total Annualised Premium Equivalent (APE) surged by 31% YoY, reaching ₹1,453 crore during the quarter.
Max Life’s Annual Premium Equivalent (APE) also showed a remarkable 60% YoY growth in Q1 FY25. The share of new sales from these channels increased notably, rising from 40% in Q1 FY24 to 49% in Q1 FY25.
