Max Financial Services Ltd reported FY26 revenue excluding investment income of ₹38,039 crore, a 17% YoY growth, with consolidated PAT at ₹106 crore.
Axis Max Life Insurance VNB grew 26% to ₹2,647 crore with a New Business Margin of 25.2%, driven by a 19% growth in Individual Adjusted First Year Premium.
Private market share expanded 56 bps to 10.4% in FY26, with strong growth in Retail Protection & Health (53%) and Annuity (113%) segments.
The company maintained its rank 3 in Individual Sum Assured with 42% growth and reported a solvency ratio of 194% as of March 2026.