[India], May 16 (NewsVoir): Max Life Insurance, one of the leading life insurance companies in India, has recently concluded one of the largest real estate transactions by an Indian Life Insurance company.
Max Life has acquired a pre-leased commercial building spread over 1.79 Lakh Sqft in Pune's Magarpatta city. The deal is a testimony to Max Life's consistent efforts to deliver superior returns to its customers. This strategic investment is in line with the company's long-term investment strategy to diversify the overall risk in the portfolio by investing in multiple asset classes including fixed income, equities, real-estate and alternative assets to optimize returns for its policyholders.
Rajesh Sud, Executive Vice Chairman and Managing Director, Max Life Insurance said, "In the last few years Max Life's Asset Under Management (AUM) has seen rapid growth. From a level of about Rs 25,000 crore in FY14, the AUM has grown to over Rs. 52,000 crore in FY18, and expected to cross one lakh crore mark over the next four years. This consistent growth is a result of robust new business growth, high-quality customer retention and strong investment returns driven by a strategy to invest in a diversified portfolio across various asset classes. The recent real estate transaction is a long-term investment by Max Life and will add to the returns that we offer to our customers on their policies."
Mihir Vora, Director and Chief Investment Officer, Max Life Insurance said, "Max Life is confident of its investment strategy which is based on a deep understanding of the markets and economic conditions, locally and globally. We are positive on both equities and fixed income investments over the long-term, given the growth that India is likely to achieve in the next decade. We continue to invest in line with our philosophy of buying growth at a reasonable price." (NewsVoir)