Axis Max Life Insurance Reports 17% YoY Growth in Premium for 3M FY'27

Max Financial Services Limited announced strong performance for the first quarter of FY'27. Axis Max Life Insurance reported a 17% year-on-year growth in Individual Adjusted First Year Premium, reaching ₹1,810 crores. The company's Value of New Business (VNB) saw a significant 33% YoY increase to ₹446 crores, with new business margins improving by 315 basis points to 23.2%. Consolidated revenue for Max Financial Services, excluding investment income, grew by 18% YoY to ₹37,289 crores. Assets Under Management (AUM) crossed the ₹2 lakh crore milestone, growing 11% YoY. The company also highlighted strong growth in protection, health, and annuity segments, alongside accelerated digital transformation efforts.