Max India Limited Financial Overview

MAX Overview of the components of the EV as at 31st March 2015 MAX & LIFE INSURANCE VIF Time value of financial options and guarantees Cost of residual non- Present Value of Future Profits Rs 3,612 Cr TVFOG Rs 2 Cr hedgeable risks Note: Figures may not add up due to rounding. CRNHR Rs 436 Cr Frictional cost FC Rs 57 Cr VIF Rs 3,117 Cr Net worth and EV Market value of Shareholders' owned assets over liabilities Net Worth Rs 2,115 Cr EV Rs 5,232 Cr 46 46

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