Prashant Tripathy, CEO and MD, Axis Max Life | Photocredit: Kamal Narang/Businessline
Max Life Insurance said on Thursday that it achieved a growth of 15 percent on an annual basis in his total annual Premium Equivalent (APE) up to £ 1,668 crore for the first quarter this tax, supported by an increase of 23 percent JoJ in his individual adapted first -year premium during the period.
During the first quarter of FY26, the individual adjusted first -year premium rose to £ 1,553 crore of £ 1,260 crore in the period from a year ago. The life insurer had a total monkey of £ 1,453 crore in the first quarter of FY25.
The company stated in a release that the number of new retail policy during the assessment period has increased on an annual basis. “The new business growth was fed by a strong growth of 40 percent in annuity, 36 percent in retail protection and health and 41 percent of NPAR (non-participating) savings,” said it.
GWP and Marges
The extension premium increased by 17 percent to £ 3,873, as a result of which the gross written premium (GWP) was brought to £ 6,397 crore, an increase of 18 percent compared to the first quarter of the last financial year. The insurer reported new business margins of 20.1 percent in Q1FY26 against 17.5 percent in Q1FY25.
Value of New Business (VNB), a measure of profitability, witnessed a yoj growth of 32 percent yoj at £ 335 crore during Q1FY26, helped by product mix improvements.
CEO comments
Prashant Tripathy, CEO and MD, Axis Max Life, said: “We started with the tax-fiscal with a positive momentum, where we achieve an increase of 23 percent on an annual basis in individual adjusted first year Premium. This robust growth is built on a balanced product mix, a wide and diversification in the deer-divers-killing omsi-divers-in-home omsi-divers-in-home omsi-diversifi-divers-in-home omsi-divers Meet Emergent customer needs. “
Tripathy stated that the growth of the new company margin and VNB resulted in a 121 basic points increase in the market share of Axis Max Life in the first quarter.
“These performance not only demonstrate our operational efficiency, but also the ability to generate sustainable, long -term value. As we continue, our ambition is clear and ambitious: the growth of the industry continues while they march the goal to belong to one of the top 3 private life insurers in India,” he added.
Published on August 7, 2025
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