Max Financial Services: Axis Max Life VNB up 21% to ₹1,180 Cr in H1 FY'27

Max Financial Services Limited reported a 16% YoY growth in consolidated revenue (excluding investment income) to ₹17,484 crores for H1 FY'27. Axis Max Life Insurance saw its Value of New Business (VNB) increase by 21.1% to ₹1,180 crores, with a VNB margin improving by 210 basis points to 25.4%. Individual Adjusted First Year Premium grew by 12% to ₹4,368 crores, and Gross Written Premium rose by 17% to ₹18,066 crores. The company's Assets Under Management reached ₹2.06 lakh crores, an 11% increase. Consolidated Profit After Tax (PAT) surged by 137% to ₹219 crores in H1 FY'27. The company also launched a new retirement product, SMART RISE, and saw its annuity business grow by 130% YoY in Q2 FY'27.