Latest news with #AxisMaxLifeInsurance
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Business Standard
8 hours ago
- Business
- 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
2 days ago
- Business
- 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.
Business Upturn
3 days ago
- Business
- Business Upturn
Max Financial Services shares jump 3% on Q1 results; NII rises16.8% YoY to Rs 132 crore, VNB up 32% YoY
By Aman Shukla Published on August 8, 2025, 09:44 IST Shares of Max Financial Services rose around 3% in Friday's early trade after the company announced its Q1 FY26 results. As of 9:44 AM, the shares were trading 2.60% higher at Rs 1,544.00. The company reported a net profit of ₹69.6 crore, down 45.3% from ₹127 crore in the same quarter last year. Despite the decline in profit, net interest income rose 16.8% year-on-year to ₹132 crore compared to ₹113 crore in Q1FY25. Consolidated revenue for the quarter, excluding investment income, grew 18% year-on-year. The life insurance subsidiary, Axis Max Life Insurance, reported a 23% increase in individual adjusted first-year premium at ₹1,553 crore. Total annualised premium equivalent rose 15% year-on-year to ₹1,668 crore. The company's value of new business stood at ₹335 crore, a 32% rise from ₹254 crore last year. VNB margin improved to 20.08% from 17.5%, an increase of 300 basis points. Gross written premium during the quarter was ₹6,397 crore, reflecting 18% growth over the previous year. Renewal premium rose 17% year-on-year to ₹3,873 crore. Axis Max Life's private market share expanded by 121 basis points to reach 10% in Q1FY26. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Hindustan Times
30-07-2025
- Business
- Hindustan Times
Axis Max Life launches BSE 500 Value 50 Index Fund to drive long-term capital growth
New Delhi, July 30th, 2025: Axis Max Life Insurance Ltd. ('Axis Max Life' / 'Company'), formerly known as Max Life Insurance Company Limited, announces the launch of its innovative new fund offer (NFO), the BSE 500 Value 50 Index Fund. This passively managed equity fund, available exclusively through the company's Unit Linked Insurance Plans (ULIPs) like Smart Term with Additional Returns (STAR) ULIP & Flexi Wealth Advantage Plan (FWAP) and Online Savings Plan (OSP), offers policyholders a unique opportunity to invest in India's top value companies while benefiting from inherent life cover. This NFO is available for a limited period from July 28 to August 10, 2025. Axis Max Life launches BSE 500 Value 50 Index Fund to drive long-term capital growth The BSE 500 Value 50 Index Fund is designed to select the top 50 companies from the broader BSE 500 index based on rigorous value parameters. This unique value factor-based index fund strategically identifies undervalued stocks with strong potential for long-term capital appreciation. The selection process relies on three key financial ratios that signal potential undervaluation: the Book-to-Price Ratio, where a high ratio indicates a company's strong intrinsic worth (its assets less liabilities) relative to its market value; the Earnings-to-Price Ratio, where a high ratio suggests strong profitability compared to the market price; and the Sales-to-Price Ratio, where a high ratio reflects significant sales generation relative to market value. These metrics collectively help identify fundamentally strong yet undervalued companies poised for long-term growth. By combining these three financial ratios, the fund offers a holistic overview of a company's value across assets, profitability, and revenue, avoiding overreliance on any single metric. Sachin Bajaj, Executive Vice President & Chief Investment Officer, Axis Max Life, stated, 'In an evolving market landscape, the enduring principles of value investing offer a compelling path to long-term wealth creation. By focusing on fundamentally strong yet undervalued companies, the BSE 500 Value 50 Index Fund aims to provide superior risk-adjusted returns over long-term with the protective benefits of our ULIPs. This New Fund Offer represents a unique opportunity for discerning investors to align their portfolios with companies poised for sustained growth, without overconcentration on any single stock or sector.' Customers can take advantage of this limited-time NFO period to align their portfolios with a diversified basket of 50 robust, undervalued companies across various sectors and market capitalizations, thereby mitigating single-stock or sector overconcentration. About Axis Max Life Insurance ( 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. *Axis Max Life has recently transitioned to a new domain as part of its rebranding exercise. This migration has no impact on existing policyholders who will continue to receive all policy benefits and services as earlier. Note to readers: This article is part of HT's paid consumer connect initiative and is independently created by the brand. HT assumes no editorial responsibility for the content, including its accuracy, completeness, or any errors or omissions. Readers are advised to verify all information independently. Want to get your story featured as above? click here!
Business Standard
29-07-2025
- Business
- Business Standard
Axis Max Life launches BSE 500 Value 50 Index Fund to drive long-term capital growth
VMPL New Delhi [India], July 29: Axis Max Life Insurance Ltd. ("Axis Max Life" / "Company"), formerly known as Max Life Insurance Company Limited, announces the launch of its innovative new fund offer (NFO), the BSE 500 Value 50 Index Fund. This passively managed equity fund, available exclusively through the company's Unit Linked Insurance Plans (ULIPs) like Smart Term with Additional Returns (STAR) ULIP & Flexi Wealth Advantage Plan (FWAP) and Online Savings Plan (OSP), offers policyholders a unique opportunity to invest in India's top value companies while benefiting from inherent life cover. This NFO is available for a limited period from July 28 to August 10, 2025. The BSE 500 Value 50 Index Fund is designed to select the top 50 companies from the broader BSE 500 index based on rigorous value parameters. This unique value factor-based index fund strategically identifies undervalued stocks with strong potential for long-term capital appreciation. The selection process relies on three key financial ratios that signal potential undervaluation: the Book-to-Price Ratio, where a high ratio indicates a company's strong intrinsic worth (its assets less liabilities) relative to its market value; the Earnings-to-Price Ratio, where a high ratio suggests strong profitability compared to the market price; and the Sales-to-Price Ratio, where a high ratio reflects significant sales generation relative to market value. These metrics collectively help identify fundamentally strong yet undervalued companies poised for long-term growth. By combining these three financial ratios, the fund offers a holistic overview of a company's value across assets, profitability, and revenue, avoiding overreliance on any single metric. Sachin Bajaj, Executive Vice President & Chief Investment Officer, Axis Max Life, stated, "In an evolving market landscape, the enduring principles of value investing offer a compelling path to long-term wealth creation. By focusing on fundamentally strong yet undervalued companies, the BSE 500 Value 50 Index Fund aims to provide superior risk-adjusted returns over long-term with the protective benefits of our ULIPs. This New Fund Offer represents a unique opportunity for discerning investors to align their portfolios with companies poised for sustained growth, without overconcentration on any single stock or sector." Customers can take advantage of this limited-time NFO period to align their portfolios with a diversified basket of 50 robust, undervalued companies across various sectors and market capitalizations, thereby mitigating single-stock or sector overconcentration. About Axis Max Life Insurance ( 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. *Axis Max Life has recently transitioned to a new domain as part of its rebranding exercise. This migration has no impact on existing policyholders who will continue to receive all policy benefits and services as earlier.
