Axis Max Life Insurance

Axis Max Life Insurance

Axis Max Life Insurance Limited (formerly known as Max Life Insurance Co. Ltd.) is a Joint Venture between Max Financial Services Limited (“MFSL”) and Axis Bank Limited.

Axis Max Life Insurance offers comprehensive protection and long-term savings life insurance solutions through its multi-channel distribution, including agency and third-party distribution partners. Axis Max Life Insurance has built its operations over two decades through a need-based sales process, a customer-centric approach to engagement and service delivery and trained human capital. In FY’25, Axis Max Life Insurance achieved robust growth across key financial metrics, with Assets Under Management reaching 1.75 lakh crore and a claim settlement ratio of 99.70%. Backed by strong solvency, expanding reach, and a 53% increase in net worth, and continue to build trust and deliver value to the policyholders.

FY’25 Public Disclosure

  • AUM: 1,75,072 Cr (YoY growth: 16%)
  • Claim Settlement Ratio: 99.70%
  • Solvency Margin: 201% (Improved by 29%)
  • Total Branches: 476
  • Individual New Business Sum Assured: 3,83,670 Cr (YoY growth: 31%)
  • GWP: 33,223 Cr (YoY growth: 13%)
  • Renewal Premium: 21,049 Cr (YoY growth: 14%)
  • Net Worth: 6,124 Cr (YoY growth: 53%)

As per Life Council Data-Mar’25

Lives Covered: 1.79 Cr.