Axis Max Life Reports 20% YoY Growth in Individual Premium in 9M FY26; VNB Up 30%
2 min readAxis Max Life Reports 20% YoY Growth in Individual Adjusted First Year Premium in 9M FY26
Axis Max Life Insurance has reported 20% year-on-year growth in Individual Adjusted First Year Premium (AIFYP) for the nine months ended December 2025, or 9M FY26. The Value of New Business (VNB) also increased by 30% year-on-year, reflecting strong business momentum.
9M FY26 Financial Highlights
- Individual Adjusted First Year Premium grew 20% year-on-year
- Value of New Business (VNB) increased 30% year-on-year
- Strong growth across individual and group insurance segments
- Continued expansion of distribution network across India
About Axis Max Life Insurance
Axis Max Life Insurance is a joint venture between Axis Bank and Max Financial Services. It is one of India’s fastest-growing private life insurers, offering a comprehensive range of protection, savings, and retirement products. The company distributes its products through a multi-channel network including bancassurance, agents, and digital platforms.
Outlook for FY26
With strong 9M FY26 results, Axis Max Life is well-positioned to close the full fiscal year on a high note. The company’s focus on protection products and persistency improvements continues to drive VNB margins upward. Management remains optimistic about sustaining growth momentum through Q4 FY26.
Also read: Finance and Insurance News India | Business News India
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