Max Life Insurance, on Monday, announced its maiden interim dividend of 5.1 per cent for its shareholders. Max Life Insurance has decided to distribute Rs.115 crore based on the performance of the company during the first-half of 2012-13. The interim dividend of Rs.99 crore, and post-dividend distribution tax (DDT) of Rs.16 crore, will be distributed in proportion to shareholding as of November 1. This entitles Max India to a dividend of Rs.70 crore, while Mitsui Sumitomo Insurance will be entitled to Rs.26 crore and Axis Bank Rs.3 crore, the company said in a release.
