Max Financial Services Limited has recorded consolidated revenue^ of ₹34,106 croresduring9M FY25, upby 8%. The consolidated revenue excluding investment income at
₹20,906 crore grew by 14% year-on-year during 9M FY25.
In 9M FY25, Axis Max Life Insurance Limited’s (Axis Max Life/ the Company) New Business Premium (Individual and Group) grew by 16% to ₹8,091 crore and Individual Adjusted First Year Premium grew by 25% to ₹5,352 crore leading to private market share gain by 41 bps to 9.3%. Number of new retail policies grew by 19%. Further, the renewal premium rose by 12% to ₹13,269 crore, taking the Gross Written Premium to ₹21,360crores, an increase of 14% over the previous financial year. Additionally, the Company registered a growth of 9% in VNB in first 9 months despite the impact of surrender regulations in third quarter.
Mr. Prashant Tripathy, CEO and Managing Director, Axis Max Life, said, “During 9M FY’25 Axis Max Life increased its market share by 41 bps with an Individual Adjusted FYP growth of 25% vs a growth of19% for Private Industry and a growth of 14% for Total Industry. Our strong 9M FY25 performance underscores our strategic commitment to expanding proprietary channels, strengthening partnerships, and tapping into new customer segments. With focused investments and robust execution, we continue to drive sustained growth across all channels.