Max Financial Services Limited has recorded consolidated revenue excluding investment income at ₹7,289crores,growing18% year-on-year in 3M FY’27. The consolidated revenue including investment income stands at ₹14,977crores and consolidated Profit after Tax (PAT) at ₹118crores in 3MFY’27 grew by 37%. Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company Limited(“Axis Max Life”/ “Company”), has reportednew business growth (Individual Adjusted First Year Premium)of17% in 3MFY’27, reaching ₹1,810crores. This has resulted in a private market share gain of 13basis points (bps) to 10.1%.
Sumit Madan, Managing Director and CEO, Axis Max Life, said,“Axis Max Life has begun FY’27 with strong momentum, delivering 17% growth in Individual Adjusted First Year Premium in Q1, outpacing the private market leading to an improvement in private market share to 10.1%. This performance reflects disciplined execution across our distribution. We continued to see broad-based growth across channels, led by strong momentum in both proprietary and partnership channels. Our disproportionate focus towards protection and retirement segment is reflected in increasing share of term and annuities.
Amrit Singh, Chief Financial Officer, Axis Max Life stated, “Our 3M FY’27 performance reflects a continued focus on quality growth and disciplined capital management. New Business Margin improved by 315 basis points to 23.2%, resulting in a 33% growth in Value of New Business to ₹446 crore. Renewal premiums grew 20% year-on-year, supporting a 19% increase in Gross Written Premium and reinforcing the resilience of our in-force franchise.