Tag
Life Insurance
5 articles
Indian life insurers are demonstrating robust growth, driven by strong new business and expanding margins. Axis Max Life reported a 17% increase in Adjusted First Year Premium and a 33% surge in Value of New Business, fueled by growth in protection and health segments and a gain in market share. Max Financial Services highlighted similar trends, with consolidated revenue excluding investment income rising 18% and Axis Max Life's new business margin improving significantly. These results, alongside ICICI Prudential Life Insurance's proposed name change, suggest a positive trajectory for the sector, supported by increasing retail demand and strategic distribution partnerships, potentially benefiting investors seeking exposure to India's expanding insurance market.
Axis Max Life Q1 FY27 Premiums +17%
Axis Max Life posted 17% YoY growth in Adjusted First Year Premium to ₹1,810 crore in Q1 FY27, raising market share to 10.1%.
Gross Written Premium rose 19% YoY to ₹7,607 crore, with renewal premium u
Max Financial Services Q1 FY27 Earnings Call Recording
Max Financial Services submitted audio recording of its Q1 FY27 earnings conference call held on August 13, 2026 to exchanges.
Senior management discussed June 30, 2026 quarterly performance and parti
ICICI Prudential Life Insurance Proposes Name Change
ICICI Prudential Life Insurance initiates a postal ballot process to seek shareholder approval for a company name change.
The proposed change is from 'ICICI Prudential Life Insurance Company Limited'
Axis Max Life Q1 VNB Up 33% YoY
Max Financial Services reports 18% YoY growth in consolidated revenue excluding investment income to ₹7,289 crores for 3M FY'27.
Axis Max Life's Value of New Business grew 33% YoY to ₹446 crores, with
Max Financial Q1 PAT at Rs 118 Cr, VNB Up 33%
Max Financial Services Q1 consolidated PAT reached Rs 118 crore with revenue excluding investment income growing 18% to Rs 7,289 crore.
Axis Max Life VNB grew 33% to Rs 446 crore with new business mar