Axis Max Life Declares Rs2,135 Cr. Participating Bonus for FY25; Reaffirms Commitment to Long-Term Value Creation
New Delhi [India], June 9: Axis Max Life Insurance Ltd. formerly known as Max Life Insurance Company Ltd ("Axis Max Life"/ "Company"), has announced a Participating (PAR) bonus of Rs2,135 Crore for eligible policyholders for FY24-25. This marks the Company's 23rd consecutive annual bonus and takes the cumulative bonus declared over the past 23 years to Rs15,847 Crore*.
The declared bonus will enhance the corpus of more than 21 lakh eligible PAR policyholders, beginning July 2025. Axis Max Life continues to drive long-term value through a disciplined investment strategy and prudent fund management--reflected in the PAR Fund** growing from Rs67,722 Cr. in FY24 to Rs74,119 Cr. in FY25, a CAGR of ~19% over the past decade.
Prashant Tripathy, CEO and Managing Director, Axis Max Life, said, "This year's bonus declaration reflects our steady commitment to delivering sustained value for policyholders through prudent and disciplined fund management. In a volatile macro environment, our PAR Fund has continued to demonstrate resilience driven by strong asset quality and consistent performance. With enhanced bonus options and built-in liquidity, we're enabling customers to navigate their evolving financial priorities with confidence and flexibility."
Axis Max Life operates one of the largest PAR Fund among Indian private life insurers and remains one of the few companies offering customers the flexibility to choose from multiple bonus options--Cash Bonus, Accumulated Bonus, Paid-Up Additions (PUA), and Premium Offset--along with liquidity through partial withdrawals of bonuses without affecting the Basic Sum Assured. The Axis Max Life PAR Fund has delivered consistent debt returns in the 7.4%-8.4% range over the last five years, backed by the steady performance of its debt assets.
Axis Max Life continues to strengthen its PAR product portfolio through innovative offerings like the Smart Wealth Income Plan, Smart Wealth Advantage Growth Par Plan, Whole Life Super, Monthly Income Advantage Plan, and Savings Advantage Plan combining liquidity, protection, and retirement benefits--expanding its reach across customer segments seeking both growth and stability.
About Axis Max Life Insurance Limited (https://bsmedia.business-standard.comwww.axismaxlife.com)
Axis Max Life Insurance Limited, formerly known as Max Life Insurance Company 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. It 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 annual audited financials for FY2024-25, Axis Max Life has achieved a gross written premium of INR 33,223 Cr.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
42 minutes ago
- Time of India
NMC to spend Rs2,100cr on resurfacing 61 major roads
Nashik: The Nashik Municipal Corporation (NMC) has decided to undertake a Rs2,100 crore initiative to resurface as many as 61 major roads throughout the city. This large-scale infrastructure project is for the upcoming Kumbh Mela , which the city is set to host between 2026 and 2028. The road development will happen in three phases. The first phase will cover 23 major roads, including sections of Nashik's existing inner, middle, and outer ring roads. They are vital as they connect to national and state highways, particularly in the Panchavati, Nashik Road, and Nashik East divisions. The civic body also plans to widen some of these roads where possible. The second phase will see development of 29 roads, including the significant Shahi Marg. And the third phase will involve re-laying of nine roads. This extensive upgrade of the road network aims to significantly improve connectivity and infrastructure, preparing the city for the large number of devotees expected for the Kumbh Mela. Nashik is one of four cities that hosts Kumbh Mela every 12 years. The last Mela was held in 2015. "We will require around Rs373 crore for developing the road network by March 2026. The remaining amount will be required in phases during the next financial year," the official said. "The civic administration has prepared a Rs15,000-crore plan for the upcoming Simhastha Kumbh Mela and submitted it to state govt for approval. Of the total amount, the public works department has proposed Rs4,000 crore for road works, construction of nine bridges, and other works," the official added. During the recent meetings, chief minister Devendra Fadnavis instructed the NMC and other authorities concerned to undertake those works which will need around two years for completion. Accordingly, the NMC completed the tender process and finalised a private agency for the construction of sewage treatment plants, sewage pumping stations and diversion of sewage from the 22 nullahs towards nearby STPs. The total cost of these sewage management works is around Rs1,475 crore. The civic body also started the tender process for the construction of the five bridges and strengthening of the Gadge Maharaj bridge. Apart from the STPs and bridges, the NMC has also prioritised road works.
Business Standard
43 minutes ago
- Business Standard
Why Learning Foreign Languages Is the New Career Power Move for Indian Youth
India PR Distribution New Delhi [India], August 1: In today's globalized world, the ability to communicate in more than one language is not just a skill--it's a career accelerator. As India's young workforce continues to compete on a global stage, learning foreign languages such as German, French, Japanese, and Spanish has become one of the smartest moves for career growth, overseas education, and international job opportunities. Foreign Languages Open Global Career Doors From multinational corporations to international universities, the demand for multilingual professionals is on the rise. Countries like Germany, Japan, and France are actively welcoming Indian students and skilled professionals. In many cases, proficiency in the native language is either a requirement or a strong advantage. For example, German companies operating in India often prefer candidates who can speak and understand German. Similarly, Japan offers a large number of technical internships and long-term employment options for Indians with Japanese language skills. The ability to communicate in the local language not only improves the quality of professional interactions but also makes integration into society smoother. Boosting Employability and Salary Potential Hiring managers consistently place language skills among the top desirable traits in global candidates. Bilingual and multilingual individuals are often offered better job roles and salary packages. In sectors like hospitality, aviation, international business, IT, and translation services, foreign language proficiency is a competitive edge. Students who pursue international education also benefit greatly. Whether applying to German public universities, enrolling in French business schools, or preparing for Japanese corporate internships, language skills strengthen a student's profile. Many institutes are now helping bridge this gap. The Indian Institute of Foreign Languages offers structured programs in German, French, Japanese, Spanish, and English--both online and offline--making it easier for students across India to gain certification and fluency. India's Youth are Catching On More Indian students and professionals are recognizing the value of foreign languages. Enrollments in language certification programs have increased significantly over the past few years, especially among students preparing for study abroad, jobs in Europe or Japan, and global business ventures. With the rise of digital learning, students from cities like Bangalore, Mumbai, Delhi, and even Tier 2 towns can now access high-quality language courses from the comfort of their homes. Institutes offering weekend and evening batches have made it easier for working professionals to learn without disrupting their daily routines. A Lifelong Skill With Endless Benefits Beyond careers, learning a foreign language also improves memory, cognitive flexibility, and cross-cultural understanding. It builds confidence, sharpens communication, and makes international travel more rewarding. In an era where remote jobs, overseas migration, and global networking are common, the ability to speak an additional language is no longer optional--it's essential. Where to Begin? For Indian youth looking to get started, it's important to choose the right course and certification. Most global employers and universities recognize international language tests such as Goethe-Zertifikat (German), JLPT (Japanese), DELF/DALF (French), and DELE (Spanish). Institutions like the Indian Institute of Foreign Languages not only prepare students for these exams but also provide career guidance, flexible timing, and access to native-speaking trainers and online learning tools. Conclusion In a world that's becoming more interconnected every day, foreign language skills are the bridge between Indian talent and global opportunity. Whether your goal is to study in Germany, work in Japan, or run a business with international clients, speaking a second language gives you a powerful head start. For India's young professionals and students, learning a foreign language may be the smartest career move they make this decade. (ADVERTORIAL DISCLAIMER: The above press release has been provided by India PR Distribution. ANI will not be responsible in any way for the content of the same)
Time of India
an hour ago
- Time of India
ITC sees marginal decline in net profit, revenue up 20%
1 2 Kolkata: ITC saw a marginal decline in net profit in the first quarter of FY26 to Rs 4,912 crore from Rs 4,917 crore in Q1FY25. Its revenue, however, saw a 20% jump from Rs 17,457 crore to Rs 20,911 crore. According to the company, the marginal decline in net profit was due to the demerger of its hotel business. Profit figures for Q1FY25 included Rs 97.5 crore from the hotels business. The conglomerate's profit would have been Rs 4,820 crore. The rise in revenue was largely due to cigarette and agri businesses as well as acquisitions. Net revenue of the cigarettes segment was up 7.7% year-on-year, with segment profit before interest and tax (PBIT) was up 3.7% year-on-year. "As seen in the past, stability in taxes on cigarettes, backed by deterrent actions by enforcement agencies, enabled volume recovery for the legal cigarette industry from illicit trade, leading to higher demand for Indian tobaccos and bolstering revenue to the exchequer from the tobacco sector," the company said. Revenue in the agri business segment revenue was up 39% year-on-year, driven by trading opportunities in bulk commodities and exports of leaf tobacco; segment PBIT was up 22% year-on-year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Is this legal? Access all TV channels without a subscription! Techno Mag Learn More Undo "The business continued to focus on scaling up the value-added agri portfolio (e.g., aqua, spices, coffee); 2.2x over the last four years." You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata The company said continuing significant brand-building costs covering a range of personal care and branded packaged food products were reflected under 'other expenses' and impacted profits. FMCG businesses were up 8.6% year-on-year. The notebooks industry continues to operate under deflationary conditions due to low-priced paper imports and saw opportunistic play by local/regional competition. The beverages category was impacted by unseasonal rains during the quarter. Staples, biscuits, dairy, premium personal wash, homecare and agarbattis drove growth.
