Industry Profile: Basic concept of Insurance is offsetting the Risk. Readable insurance contracts. There are some types of insurance contracts in which if you return to the Insurance company, you will receive money against it. But basically, Insurance is a contract that helps you offset the Risk.
As per the Swiss Re Institute sigma No 3/2017 report, in 2016, global life premiums are estimated to have increased by 2.5%; premium growth declined in the developed markets by 50 BPS but accelerated in the emerging markets. Life premiums in the emerging markets grew 17% in 2016 versus 12% in 2015, well above the overall growth of 2.5%. Regarding the market share of life insurance, Asia is the largest continent, accounting for 38% of the premium collected. India’s share is just ~2.4% in the global life insurance market as of 2016, indicating the vast potential for growth in India’s life insurance industry. In the worldwide insurance industry, around 55% of premium comes from life insurance and the rest from the Non – life segment; in emerging markets, approximately 54% of premium comes from life insurance. By contrast, the share of life insurance is over 78% for India.
The financial inclusion initiative from govt increased use of technology, availability of 4G technology, and Financialization of Savings are playing a vital role in the sector. For private players, the share of bancassurance in new business premiums has been growing steadily over the past few years, which is also one large force.
Company profile: Max Financial Services Limited was incorporated in 1982 and is based in New Delhi, India. Max Financial Services is a part of the US$ 2 billion Max Group holding company of Max Life Insurance, India’s most comprehensive non-bank private life insurance. It offers long-term savings, protection, and retirement solutions. The company also operates in the Hospital and medical service plans sector. The company is a multi-business corporation with its subsidiaries: Max Life Insurance, Max Healthcare, Max Bupa Health Insurance, and Max Neeman Medical International.
Shareholding Pattern: BSE Filing
Financials and ratios: [table id=209 /]
Future prospectus: Though this company is mainly in the business of Insurance, we are watching one Financial services company. And so I analyzed this company as NBFC. This company is debt-free. having huge assets, and I am sure that this will someday unlock the value
