Max India sold its entire 51% stake in Max Bupa Health Insurance Co Ltd to private equity firm True North Fund for over Rs 510 crore. Earlier, it was in talks with HDFC Life to merger its life insurance business Max...
Max Life Insurance looks at life beyond Axis Bank tie-up
Max Life Insurance Co. Ltd is strengthening its proprietary sales channels after Axis Bank Ltd ended an exclusive bancassurance partnership with it by entering into a similar arrangement with the country’s largest...
HDFC Life to launch IPO; Max Life merger on hold with no regulatory nod
HDFC Standard Life Insurance on Monday led to come out with an IPO and put on hold its proposed merger with Max Life in absence of regulatory approval. The board of HDFC Standard Life Insurance in its meeting held on...
Max gives its ‘Life’ to HDFC
Earlier last year, Max Group had decided to vertically split Max India Ltd. into 3 separate listed companies- Max India Ltd (Health and Allied Businesses) Max Financial Services Ltd (Life Insurance) Max Ventures and...
Expect double-digit returns on embedded value after HDFC Life- Max Life merger: Santosh Singh, Haitong Securities
In a chat with ET Now, Santosh Singh, BFSI & HoR, Haitong Securities, says most of the growth in insurance sector has taken place in banker-led entities. Edited excerpts ET Now: What is your thought on the bit of a...
Will HDFC Life-Max Life merger trigger more M&A in insurance?
MUMBAI: The prospective merger of HDFC Life and Max Life, which will create the biggest private sector insurance company, has thrown up a crucial question: will this set off a race for consolidation in the life...