Max Financial Posts Strong H1 Growth on Rising Insurance Demand

13 Nov 2025 CW Team

Axis Max Life Insurance Limited (“Axis Max Life”) continued to outperform the private life insurance sector, delivering 18 per cent growth in Individual Adjusted First Year Premium (IAFY) to Rs 38.91 billion in H1 FY26. This resulted in a 83-basis-point gain in private market share, bringing it to 10.1 per cent. Annualised Premium Equivalent (APE) rose 15 per cent year-on-year, driven by strong proprietary channels and the expansion of recently formed distribution partnerships. The insurer added 31 new partners during the first half, including 16 retail and 15 group partners.

Renewal premiums grew 18 per cent to Rs 95.03 billion, taking Gross Written Premium to Rs 154.9 billion, also up 18 per cent year-on-year. New Business Margins improved to 23.3 per cent, compared with 21.2 per cent last year, while the Value of New Business (VNB) rose 27 per cent, supported by an improved product mix. Axis Max Life also led the industry in retail protection sales and retained its leadership position in the online protection and savings segments.

Sumit Madan, CEO and Managing Director, Axis Max Life, said the company’s performance reflects the strength of its channel mix and consistent focus on sustainable, profitable growth. “Our market share of 10.1 per cent underscores disciplined execution and deep customer trust. We remain committed to scaling further and strengthening our leadership in the private life insurance space,” he said.

Demonstrating its commitment to an inclusive and progressive workplace, Axis Max Life Insurance was recognised by the Great Place to Work® Institute among India’s Best Workplaces for Women (Large) and India’s Best Workplaces in Diversity, Equity, Inclusion, and Belonging (Large).

Max Financial Services Limited reported consolidated revenue (excluding investment income) of Rs 150.9 billion, an 18 per cent year-on-year increase in H1 FY26. Including investment income, consolidated revenue stood at Rs 226.24 billion, while consolidated PAT reached Rs 920 million. Axis Max Life Insurance Limited (“Axis Max Life”) continued to outperform the private life insurance sector, delivering 18 per cent growth in Individual Adjusted First Year Premium (IAFY) to Rs 38.91 billion in H1 FY26. This resulted in a 83-basis-point gain in private market share, bringing it to 10.1 per cent. Annualised Premium Equivalent (APE) rose 15 per cent year-on-year, driven by strong proprietary channels and the expansion of recently formed distribution partnerships. The insurer added 31 new partners during the first half, including 16 retail and 15 group partners. Renewal premiums grew 18 per cent to Rs 95.03 billion, taking Gross Written Premium to Rs 154.9 billion, also up 18 per cent year-on-year. New Business Margins improved to 23.3 per cent, compared with 21.2 per cent last year, while the Value of New Business (VNB) rose 27 per cent, supported by an improved product mix. Axis Max Life also led the industry in retail protection sales and retained its leadership position in the online protection and savings segments. Sumit Madan, CEO and Managing Director, Axis Max Life, said the company’s performance reflects the strength of its channel mix and consistent focus on sustainable, profitable growth. “Our market share of 10.1 per cent underscores disciplined execution and deep customer trust. We remain committed to scaling further and strengthening our leadership in the private life insurance space,” he said. Demonstrating its commitment to an inclusive and progressive workplace, Axis Max Life Insurance was recognised by the Great Place to Work® Institute among India’s Best Workplaces for Women (Large) and India’s Best Workplaces in Diversity, Equity, Inclusion, and Belonging (Large).

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Infrastructure Urban

06 Feb 2026

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Infrastructure Urban

06 Feb 2026

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..