Max Financial Services Limitedhas recorded consolidated revenue excluding investment income at ₹24,625crores,growing18% year-on-year in 9M FY’26. The consolidated revenue including investment income stands at ₹36,891crores and consolidated Profit after Tax (PAT) at ₹137crores in 9M FY’26.
Continuing to outpace the private life insurance industryin9M FY’26, 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)of20% in 9M FY’26, reaching ₹6,396crores. This has resulted in a private market share gain of 53basis points (bps) to 9.8%. As one of the fastest growing life insurers, Axis Max Life has delivered a 21% YoY Annualized Premium Equivalent (APE)growth in the first nine months of the fiscal.This strong performance was driven by secular growth in its proprietary channels and the scaling up of new partnerships established over the past few years. In the fiscal, Axis Max Life has secured 51 new business partnerships including 24 Group and 27Retail partnerships.
Further, in 9M FY’26,Axis Max Life’s individual renewal premium grew by 17% to ₹15,551crores, taking the Gross Written Premium to ₹25,195crores,an 18% YoY increase. Additionally, the Company hasreported New Business Margins of 23.6% in 9M FY’26 up from 21.9% during the same period last year. The Value of New Business, a measure of profitability, experienced aYoYgrowth of 30%, aided by improvements in product mix. Axis Max Life led the industry in Retail protection sales and has maintained leadership in the online market, in both protection and savings categories.
Sumit Madan, Managing Director and Chief Executive Officer, Axis Max Life, said,“Axis Max Life’s 9M FY’26 performance reflects the strength of a well-defined strategy executed with discipline and consistency. We delivered sustained double-digit growth outpacing the private life insurance industry, emerging as the fastest-growing player among the top ten insurers and achieving the highest market share gains in the sector. This growth is driven by the strength of our Individual Adjusted First Year Premium and Value of New Business, supported by broad-based expansion across proprietary channels.