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. As per the annual audited financials for FY2023-24, Axis Max Life Insurance has achieved a gross written premium of INR 29,529 Cr.

Here are some of the numbers that speak about our accomplishments :

- 99.65%^ Death Claim Paid Ratio

(Source: Individual Death Claim Paid Ratio as per audited financials for FY 2023-24)

- 304 Offices Pan India

(Source: As reported to IRDAI, FY 2023-24)

- ₹1,779,409 Cr. Sum Assured

In force (individual) (Source: Axis Max Life Public Disclosure, FY 2023-24)

- ₹150,836 Cr. Assets Under Management

(Source: Axis Max Life Public Disclosure, FY 2023-24)

- 13th Month Persistency - 89%

(Source: Axis Max Life Annual Audited Financials, FY 23-24)

- Solvency Ratio - 172%