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HDFC Life to merge with Max Life, set to become biggest private life insurer

HDFC Life to merge with Max Life, set to become biggest private life insurer

Singalling more consolidation in the cluttered life insurance space, HDFC and Max groups Monday decided to merge their life insurance businesses to create the biggest private life insurer with combine asset base of Rs 1.1 lakh crore in a complex multi-stage share swap deal.

Aviva shortlists 3 insurers for 26% stake sale in Indian JV

Three insurance firms - Max Life Insurance, Birla Sun Life Insurance and HDFC Life Insurance - have been shortlisted for the stake sale, sources said.

Max Life Insurance launches two products

Private sector life insurance company Max Life Insurance has launched two new products, a company release said.

Max Life Insurance forays into e-commerce

The plan also offers a "comprehensive accident benefit" rider, which provides added benefits not only for death but also on dismemberment due to an accident.

Max Life launches pension plans

This solution ensures a carefree and financially-secured retirement for an individual and the spouse, Max Life Insurance said in a statement.

Max Life Insurance Apr-Dec profit before tax at Rs 657 crore

Max Life Insurance reported a 15 percent rise in profit before tax (PBT) at Rs 657 crore in the first nine months (April-December) of the current fiscal.

Max Life announces special bonus, to distribute Rs 130 crore

The special bonus will be paid at the respective policy anniversaries commencing February 1, 2013.

Max Life Insurance H1 net up 6% at Rs 398 cr

Private insurer Max Life Insurance Thursday reported 6 percent growth in net profit at Rs 398 crore for the six months ended September 30, on the back of steady revenue coupled with better productivity and cost efficiency.