Max Life Insurance on Wednesday reported a growth of 17 per cent in net profit for the fiscal year ended March 2013 at Rs 860 crore as compared to Rs 733 crore during the previous fiscal. Gross written premium of the company grew 4 per cent to Rs 6,639 crore from Rs 6,391 crore in 2011-12. Commenting over the performance, company’s MD & CEO Rajesh Sud said, “Our company has progressed on all business parameters and we have further strengthened our position as the largest non-bank owned private life insurer.” Sud said the growth has been led by continued focus on building a successful life insurance business to deliver the core value of long-term savings and protection.
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