18
Aug
Axis Max Life Insurance Ltd began FY27 with broad-based growth, reporting a 17% year-on-year rise in Individual Adjusted First Year Premium to ₹1,810 crore in the first quarter. The insurer’s Value of New Business (VNB) jumped 33% to ₹446 crore, while New Business Margin improved 315 basis points to 23.2%. Total APE increased 15% to ₹1,922 crore and private market share improved 13 bps to 10.1%. Renewal premium rose 20% to ₹4,639 crore, lifting Gross Written Premium 19% to ₹7,607 crore. Individual new business sum assured grew 32%, while AUM crossed ₹2 lakh crore, reaching ₹2,02,621crore. Embedded Value increased 15%…
