Quarterly Result7 Aug 2025, 08:02 pm
Axis Max Life Reports 23% YoY Growth in Individual Adjusted First Year Premium in Q1 FY’26
AI Summary
In Q1 FY’26, Axis Max Life Insurance Limited reported a 23% year-on-year increase in Individual Adjusted First Year Premium, reaching ¥1,553 crores. This robust growth was driven by a balanced product mix, a wide-reaching distribution network, and a focus on innovation to meet customer needs. The company also saw a 121 basis points gain in its private industry market share, a 17% rise in renewal premium, and a 32% increase in Value of New Business (VNB).
Key Highlights
- Individual Adjusted First Year Premium grew 23% YoY to ¥1,553 crores
- Private industry market share increased by 121 bps to 10%
- Renewal premium rose by 17% to ¥3,873 crores
- Gross Written Premium increased by 18% YoY to ¥26,397 crores
- Value of New Business (VNB) saw a 32% year-on-year growth