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11	11	* Max Life outperformed the private industry as well as top 3 private players in 9M FY21. Max Life grew 11%, while top 10 private players de-grew by 5%
12	12	* Govt of Singapore buys 1.7% stake in Max Financial in June 2021.
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15	15	[[image:MFSL0.jpg]]
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46	46	Setting benchmarks is a way of life at Max Life Insurance. In FY 2020, Max Life Insurance was the fourth largest private life insurer in India with a market share of 10% among private insurers with over 44 lakh policies in force. The company recorded gross written premium of Rs.16,184 crore and shareholders’ profit after tax of Rs. 595 crore for FY 2020. Max Life’s net worth (including Reserves and Surplus) of Rs. 2,599 crore with a solvency margin of 207% is indicative of its financial strength and stability.
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49		-== Joint ventures ==
	48	+== Joint Ventures ==
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52	52	**Mitsui Sumitomo Insurance, Japan (Life Insurance)**
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67	67	[[image:MFSL1.png]]
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71	71	= Business Overview =
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