Max India Limited Financial Overview

MAX Sensitivity analysis as at 31st March 2015 MAX INSURANCE EV VNB Sensitivity Results Value (Rs Cr) % change Value (Rs Cr) % change Base Case Downward shift of 100 bps in the 5,232 460 5,347 2% 419 (9%) risk free interest rate curve Note1 10% increase in expense 5,178 (1%) 443 (4%) 10% increase in mortality 5,168 (1%) 449 (2%) 10% increase in lapse / surrender 5,127 (2%) 435 (6%) 10% immediate fall in equity 5,167 (1%) 460 negligible values Notes: 1. Reduction in interest rate curve leads to an increase in the value of assets which offsets the loss in the value of future profits. 2. Reserving assumptions are unchanged in all the sensitivities. 47

View entire presentation