MAX FINANCIAL SERVICES LTD

ABOUT:-

Max Life Insurance Company

Limited (formerly known as Max New York
Life Insurance Company Limited) is a life
insurance company in India with a joint
venture (JV) between Max India
Ltd and Axis Bank The company is a
subsidiary of the publicly listed Max Industry Financial Services and Insurance
Financial Services and is the largest non-
bank private-sector life insurer in India. It
was founded in 2000 after the Founded 2001
liberalization of the insurance sector
in India and its operations began in 2001. Headquarters New Delhi
Analjit Singh, founder of Max Healthcare, is
the chairman of Max Life
Insurance.[1] Prashant Tripathy is Net income ₹440 crore
Managing Director and Chief Executive
officer, the company is headquartered Total assets 65,825 crore
at New Delhi.

Website www.maxlifeinsurance.com
IMPORTANT MILESTONES:-
1.Crossed the 10000 crore mark in Gross Written Premium for the first time.
2. 24% increase in the AUM taking it to Rs 44,370 Crores

GEOGRAPHICAL PRESENCE:-
Max Life Presence

269 Offices

KEY MANAGEMENT PERSONS:-

1.Prashant Tripathy
Managing Director & Chief Executive Officer
2. V. Viswanand
(Deputy Managing Director)
3. Mr. V. Viswanand
Deputy Managing Director
4. Mr. Girish Shrikrishna Paranjpe
Independent Director, Max Life Insurance
5. Mr. K. Narasimha Murthy
Independent Director, Max Life Insurance
6. Mr. Rajesh Khanna
Independent Director, Max Life Insurance
7. Mr. Pradeep Pant
Independent Director, Max Life Insurance
8. Mr. Mohit Talwar
Non-Executive Director, Max Life Insurance
9. Mr. Rajesh Kumar Dahiya
Non-executive Director, Max Life Insurance
10. Ms. Marielle Theron
Non-Executive Director, Max Life Insurance
11. Mr. Rajiv Anand
Non-executive Director, Max Life Insurance
12. Mr. Subrat Mohanty
Non-executive Director, Max Life Insurance
13. Mr. Mitsuru Yasuda
Non-Executive Director, Max Life Insurance
14. Mr. Sahil Vachani
Non-Executive Director, Max Life Insurance

SHAREHOLDING PATTERN:-

MF 28.05%

FII 45.76%

Promoter 14.72%

Public 7.81%

Others 3.7%
 Shareholding Pattern
Others
Public 3%
8%
MF
28%
Promoter
15%

FII
46%
MF FII Promoter Public Others

Sales Trend of last 5 Years:-

2018 2019 2020 2021 2022

263.50 316.63 494.94 306.37 199.70

PAT TREND:-
2018 2019 2020 2021 2022

143.94 49.39 272.55 99.23 102.62

EPS:-
2018 2019 2020 2021 2022

5.36 1.83 10.12 3.38 2.97

Capital structure

Debt equity mix – 0.0%

Degree of financial leverage – change in net income/ change in ebit = 1.00
COC

WACC: 11.046%
Working capital management
Working Capital–

2.STAR HEALTH & ALLIED INSURANCE

ABOUT-
Star Health and Allied Insurance Co Ltd is an Indian multinational health
insurance company headquartered in Tamil Nadu, Chennai. The company provides
services in health, personal accident and overseas travel insurance, directly as well as
through various channels like agents, brokers and online. Star Health is also
prominently into bancassurance having long standing relationship with various banks.
Star Health has underwritten a gross written premium of Rs.6865 Cr during the FY
2019-20 and has built up a promising path with an appreciable net worth of Rs.1889 Cr,
as on 31 March 2020. As of 2021, it reported a total revenue of Rs.5446.82 with a loss of
Rs.825.59 crores.
IMPORTANT MILESTONES:-
1.Star Health has been adjudged with the Best Health Insurance Provider of the Year
2015-16 at the Business Today-Money Today Financial Awards
2Star Health received the prestigious award of “India’s Most Valuable and Admired
Health Insurance Company of the Year, 2016” at The Pharma Leaders Awards, the
leading award ceremony for the industry
3.Young Star Insurance Policy had been awarded the Most Innovative New Product of
the Year at ASSOCHAM's Insurance E-Summit and Awards 2020
4. Best Health Insurance Provider of the year - Business Today, Money Today Financial
Awards 2018-2019

PRODUCTS-
1.Health Insurance
2.Travel Insurance
3.Accidental Insurance

GEOGRAPHICAL PRESENCE:-
STAR HEALTH INURANCE PRESENCE-ABOUT 700 OFFICES

KEY MANAGEMENT PERSONS-

Name Designation

Anand Shankar Roy Managing Director

Aneesh Srivastava Chief Investment Officer

Anisha Motwani Independent Director

Berjis Minoo Desai Independent Director

Chandrashekhar Dwivedi Actuary

Deepak Ramineedi Nominee Director

Jayashree Sethuraman Co. Secretary & Compl. Officer

Kaarthikeyan Devarayapuram Ramasamy Independent Director

Kapil Punwani Chief Risk Officer

Nilesh Kambli Chief Financial Officer

Rajeev Krishnamuralilal Agarwal Independent Director

Rajni Sekhri Sibal Independent Director

Rohit Bhasin Independent Director

Sriharsha Anant Achar Chief Human Resource Officer

Subbarayan Prakash Managing Director

Sumir Chadha Nominee Director

Utpal Hemendra Sheth Nominee Director

V Jayaprakash Chief Compliance Officer

Venkatasamy Jagannathan Chairman & CEO

SHAREHOLDING PATTERN:-
MF 1.1%

FII 10.31%

Promoter 58.63%

Public 29.58%

Others 0.37%
 Shareholding Pattern

0%
1%10%
30%

58.63%, 59%

MF FII Promoter Public Others

Sales Trend of last 5 Years

2018 2019 2020 2021 2022

NA 3579.51 4692.99 4626.63 9809.16

PAT TREND:-

2018 2019 2020 2021 2022

NA 128.23 268.00 -1085.71 -1040.67

EPS:-

2018 2019 2020 2021 2022

NA 2.81 5.59 -21.75 -18.65

Capital structure
Debt to equity: 0
WACC: 11.81%

Working capital management

Working Capital–