2023
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
5%
|
|
|
6%
|
|
|
5.17%
|
|
|
8%
|
Detailed explanation-1: -Post completion of MSI balance stake buyout of 5.17 per cent, MFSL’s shareholding in Max Life will increase to 87 per cent.
Detailed explanation-2: -Max Financial Services presently holds a 72.5% stake in Max Life and Mitsui Sumitomo Insurance (MSI) owns 25.5% stake. Axis Bank also has a minor stake in the life insurer. Life. Post completion of the series of transactions, Max Life will become a 70:30 joint-venture between MFS and Axis Bank.
Detailed explanation-3: -Wavelength: Max Life Insurance Company maintains a specific wavelength with their customers featuring several unique insurance plans to the need of the customers. Sum Assured and Solvency Ratio: The Company has transparency with Sum assured of Rs. 1, 087, 987 Crore, Solvency Ratio of 207%, and persistency of 84.1%.