ANNEXURES

INVESTOR RELEASES MAX NEW YORK LIFE INSURANCE Operating cash profit of Rs. 112.31 crore earned in FY 04-05 against Rs. 4.34 crore in FY 03-04. Annualized First Year &ear. +nit ,in- in place. contri/utes 32* of total sales for the co!pan& for the period 0an 1 Apr 2005. ,ong tenor products and &oung custo!er /ase /uilds up strong /usiness funda!entals for '2Y,. 3ith clear focus on #hole life seg!ent the a%erage age of insured as #ell as the /alance tenor of the polic& is around 24 &ears. A%erage case size per acti%e agent at Rs. 1545) for the 6uarter ended 'arch 2005( gro#s )7* fro! Rs. 444) for 6uarter ended 'arch 2004. MAX NEW YORK LIFE INSURANCE '2Y, !aintains high agent producti%it&. Ran-ed 2o. 1 in annualized first &ear pre!iu! "AFY $ per agent per !onth and 8ase Rate per agent. re!iu! "AFY - ne# sales$ %alue at Rs.

241.51 crore for the &ear ended 'arch 2005( gro#s )5* &ear-on-

 2u!/er of policies sold during the &ear ended 'arch 2005 increases to 21)()51 fro! 145(572 in the pre%ious &ear. 2u!/er of 9ndi%idual policies in force increases fro! 153(445 as of 'arch 2004 to 355(075 as of 'arch 2005. :u! assured in force increases 50* fro! Rs. 112 /illion as of 'arch 2004 to Rs. 1)5 /illion as of 'arch 2005. 35* gro#th in agenc& force in FY 04-05( 1454 agents added in 12 !onths and )54 in 6uarter ended 'arch 2005. MAX NEW YORK LIFE INSURANCE '2Y, !aintains a persistenc& rate of around 70* throughout the &ear( higher than the industr& a%erage of around 50*. ;eographic co%erage increases to 37 offices 1 future plans to co%er )2 offices. 8orporate agent co%erage e<tends to an additional 100 to#ns. :trong 8o-operati%e =an- relationships created during the &ear( partnership fro! inception #ith Yes =an-. MAX NEW YORK LIFE INSURANCE >e& =usiness ?ri%er +nit @uarter Anded 'ar-05 'ar5).75 15(45) 04 45.27 4(44) Year Anded ?ec- ?ec-03 04 214.4 0 1(224 111.50 1(175

a$ :ales Balue "Annualized first &ear pre!iu!$ z< /$ A%erage case size per acti%e

Rs. crore Rs.

agent c$ 8ase rate per acti%e agent per !onth d$ 2u!/er of agents e$ 2et agents added f$ O%erall persistenc& rate g$ ;ross #ritten pre!iu! inco!e First &ear pre!iu! Rene#al pre!iu! :ingle pre!iu! Cotal h$ 2u!/er of olicies sold h$ :u! insured in force

2o. 2o. 2o. * Rs. crore

3.22 5(5)5 )54 5).50

3.25 5()07 537 72.10

2.1) )(407 1(737 72.40

1.7) 5(050 1(41) 71.10

5).75 )0.73 15.71 133.44 2o. Rs. crore )2()45 1)(511

34.77 22.21 2.27 )4.35 54(22 4 11(1) 2

142.4 0 143.4 0 1).50 353.0 0 214(3 45 15(24 4

45.30 )4.30 12.50 152.10 113(27 5 4(705

Max India Limited Investor Re ease !an"ar# $%%& MAX S'ECIALITY 'RO(UCTS

:u/stantial e<pansion plans appro%ed in ?ece!/er 2005 1 Addition of a ne# =O 20(000 C A. 1 Addition of a ne# ther!al la!ination fil! line #ith a capacit& of 120(000 >:'. fil! !anufacturing line #ith a capacit& of

1 Asti!ated proDect cost of Rs. 122 8rores 1 ?e/t-A6uit& !i< of 1.1. 1 'aintain leadership position in specialt& plastic fil!s seg!ent. ;enerates re%enue of Rs. 100 8rores( and =C of Rs. 7 8rores for first nine !onths ended ?ecE05. 1 'a<Foil achie%es re%enue gro#th of 44* &ear-on-&ear. 100* capacit& utilization 1 installed capacit& 7(700 tons per annu!. Figh production &ield. Fighest return on capital e!plo&ed of Rs. )4 8rores 1 21*( /etter than co!petitors.

MAX S'ECIALITY 'RO(UCTS 8ash rofit of Rs. 155 8rores earned for the &ear ended ?ecE05( gro#s )0* &ear-on-&ear. Annualized First Year re!iu! "AFY 1 ne# sales$ %alue for the &ear ended ?ecE05 is Rs. 427 8rores( gro#s 100* &ear-on-&ear. ;ross pre!iu! inco!e of Rs. )35 8rores for the &ear ended ?ecE05( gro#s 75* &ear-on-&ear o%er pre%ious &earEs Rs. 343 8rores. +nit ,in-ed products contri/ute 45* of total sales of the 8o!pan& for the &ear ended ?ecE05. Top quartile investment performance by MNYLs Unit Linked fund last year. :u! assured in force as at ?ecE05 end o%er Rs. 235 /illion "G 5.2 /illion$.

MAX NEW YORK LIFE INSURANCE )05()52 indi%idual policies in force. 2e# policies sold during the &ear ended ?ecE05 at 3)0(547( gro#s )7* &ear-on-&ear o%er 214(345 policies sold in the corresponding pre%ious &ear period. H O%erall ersistenc& rate of 55* as of ?ecE05 end against 73* as of ?ecE04 end. ersistenc& rate is 70* for agenc& sales and )3* for sales through other distri/ution channels.

Agenc& force as at ?ecE05 end at 12(555 agents gro#s 72* &earon&ear. 5())5 net agents ha%e /een added in the &ear ended ?ecE05. 2u!/er of agents in Agenc& channel at 10(553 and in rural channel at 1(722. 'AI 2A3 YOR> ,9FA 92:+RA28A A%erage case size per agent at Rs. 15)44 gro#s 27* o%er Rs. 12240 for the corresponding pre%ious &ear. A%erage case rate per agent per !onth is at 1.74 for the &ear ended ?ecE05 against 1.5) for the pre%ious &ear. '2Y, !aintains high agent producti%it& Breaks into t e top !" #lobal list of M$%T &Million $ollar %ound Table'. T e (ompany as )*+ advisors qualifyin# for M$%T for *""!. %anked No. ) in annuali,ed first year premium &-.Y/' per a#ent per mont and (ase %ate per a#ent. ;eographic co%erage increases to 47 offices fro! 31 offices in ?ecE04 .uture plans to cover !* offices. 0tren#t en1 build and #ro2 /an 3ndia presence. MAX NEW YORK LIFE INSURANCE

Ke# )"siness (river

Unit

*"arter Ended

Year Ended

YOY +ro,t -

'ar-05 a$ :ales Balue Rs. 121.04

'ar04 5).22

?ec04 425.7) 214.3 100*

"Annualized first &ear pre!iu!$ /$ A%erage case size per agent c$ 8ase rate per agent per !onth d$ 2u!/er of agents e$ 2et agents added f$ O%erall persistenc& rate g$ ;ross #ritten pre!iu! inco!e First &ear pre!iu! Rene#al pre!iu! :ingle pre!iu! h$ :u! insured in force

8rores Rs. 2o. 2o. 2o. * Rs. 8rores 11).73 75.)) 20.)) 23(524 52.07 54.24 5.14 15(24 4 1)(544 2.24 12(555 1(407 55.20 13(55 4 2.14 )(407 353 72.40

4 15()44 12(24 1.74 0 1.5) 27* 5* 72*

12(555 )(407 5())5 1(737 55.20 72.40

307.5) 141.4 4 2)5.57 134.4 5 )0.52 1).74 23(524 15(24 4

)1* 45* 2)1* 54*

Rs. 8rores