&w=3840&q=100)
Axis Max Life Insurance likely to grow 3-5% more than industry in FY26
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hindustan Times
2 days ago
- Hindustan Times
First IKEA store in Delhi serves up hot dogs and meatballs, with options for vegetarians too
Swedish furniture retailer IKEA is opening its first store in Delhi today, and the launch is expected to draw hundreds of visitors to Pacific Mall, Tagore Garden. Before the official opening, some content creators got the chance to step into the outlet for the iconic IKEA experience – including the food that has become synonymous with the furniture and home decor retailer. A glimpse of the food and drinks that customers can enjoy at IKEA Delhi (Instagram/@arjunmadan) Food and lifestyle influencer Arjun Madan gave his followers a glimpse of what they can grab at the IKEA cafe in Delhi. Food at IKEA Delhi IKEA's food offerings have become almost as iconic as its flat-pack furniture. The brand brings a taste of Sweden to its stores worldwide while also catering to local tastes. At its Delhi outlet, customers can enjoy IKEA's famous meatballs and hot dogs, along with cheese cakes, vegetable chips, cinnamon buns and other confectionaries. 'IKEA is in Delhi and I obviously shopped a lot but I was so excited about the IKEA cafe!' Madan wrote on Instagram. During his trip to IKEA Delhi, Madan tried the chicken hot dog, a spritzer and the chicken meatballs, which were served with lingonberry jam on top. According to IKEA, 'Swedes love to eat lingonberry jam with meatballs, mashed potatoes and cream sauce'. These berries grow wild in Swedish forests, and have become a mainstay of the IKEA menu worldwide. For that reason, too, Madan chose to sample the lingonberry spritzer instead of other flavours on offer like raspberry or lemon. While the menu during Madan's visit did not include veggie meatballs, they are known to be available at other IKEA cafes in India, keeping in mind the country's large vegetarian population. Vegetarians at IKEA can try the veggie hot dog and the assorted vegetable chips. More about IKEA in India IKEA began retail operations in India in 2018. Over the last seven years, it has opened stores in Hyderabad, Navi Mumbai and Bengaluru. Ankit Ghai, Country Selling Manager and Chief Business Officer, promised in a LinkedIn post that the IKEA store in Delhi is the 'first of the many to come very very soon!' 'oin us for a day of celebration, inspiration, and affordable Swedish home furnishing solutions. From the iconic BILLY bookcase to the delicious Swedish meatballs and our Iconic hot dog, we've brought everything you love about IKEA right to your city,' he posted.
Business Standard
5 days ago
- Business Standard
Axis Max Life Insurance likely to grow 3-5% more than industry in FY26
Meta Description Meta Keywords Headline (70–75 characters) Strap (160–200 characters, no full stop) Byline Aathira Varier Edited Body Text (British English, no content addition, no bolding in body): Mumbai, 10 August Axis Max Life Insurance plans to grow 3-5% more than the industry in FY26, continuing the growth momentum seen in the first quarter of FY26 (Q1 FY26), said Sumit Madan, Senior Director and Chief Distribution Officer of the company. The insurer aims to become the third-largest private life insurer with a balanced product and channel mix. Madan is the MD & CEO-designate of the life insurer and will succeed Prashant Tripathy, effective from 1 October 2025. In Q1 FY26, the insurer recorded 18 per cent year-on-year (YoY) growth in gross written premium to ₹6,397 crore. The Total Annualised Premium Equivalent (APE) of the insurer increased by 15 per cent YoY to ₹1,668 crore. The number of policies sold also reported a 10 per cent increase YoY to 1.66 lakh in the quarter. According to Madan, the company is close to its ideal product mix, which includes approximately 35-36 per cent ULIPs, 12-13 per cent share in protection, nearly 30 per cent in savings, 13 per cent in participating products, and the remaining 6-7 per cent in other products. During the year, the individual sum assured grew by 26 per cent YoY to ₹89,079 crore, largely owing to the protection business. 'The growth in sum assured is largely driven by the strong performance of our protection business, which has grown at a similar pace. We currently rank third in the industry on sum assured performance, with the average sum assured in Q1 FY26 standing at ₹50 lakh,' Madan said. The measure of profitability — value of new business (VNB) — of the insurer grew by 32 per cent YoY to ₹335 crore in the reported quarter, with margin rising 2.6 per cent to 20.1 per cent, the insurer said. Meanwhile, the solvency ratio of the insurer declined by 4 per cent to 199 per cent, and the company plans to raise ₹800 crore via non-convertible debentures (NCDs) during the year to support the solvency ratio.
Time of India
7 days ago
- Time of India
No hurdle likely in Max Financial merger plan: Axis Max Life
Axis Max Life Insurance does not expect any regulatory hurdles to its planned merger with Max Financial Services , saying the deal will proceed smoothly once Parliament passes the pending insurance bill that explicitly permits mergers between insurance and non-insurance businesses. The bill, cleared by the finance ministry and awaiting clearance in Parliament, amends Section 35 of the Insurance Act to allow a non-insurance company to merge into an insurance company with Insurance Regulatory and Development Authority of India's approval. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program "In our case, the company we plan to merge with is only a holding entity without an operating balance sheet, so we don't foresee any issues," said Prashant Tripathy, MD and CEO, Axis Max Life in an exclusive interaction with ET. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Highlights from Bollywood 2025 that captured attention Learn More Undo Once enacted, the NCLT-led merger process is expected to take 8 to 12 months, including regulatory clearance, a source said. The insurance regulator formed the Dinesh Khara Committee to draft rules on the amendments, and the committee has also recommended that any proposed merger should proceed only with explicit regulatory approval. Live Events The need for amendment arose with Shriram Group's bid to merge its insurance business with its non-insurance holding company. It exposed a legal grey area the government is now moving to address with this amendment. Under the current Insurance Act, mergers are explicitly allowed only between insurers, leaving combinations with non-insurance firms open to interpretation.
