Archive · 2 Jun 2025
Axis Max Life CEO Prashant Tripathy to Retire by 2025; Jefferies Remains Bullish
The boss of Axis Max Life Insurance, Prashant Tripathy, is retiring.
He's been the boss for over six years and wants to focus on personal things.
The company's board has approved this.
A financial company called Jefferies thinks this might be a slight problem, but still recommends people buy the stock.
They also think the stock might go up in value.
Axis Max Life has performed well, with a high rate of death claims being paid.
Prashant Tripathy, MD & CEO of Axis Max Life Insurance, will retire by September 30, 2025.
Tripathy's early retirement was approved by the company's board.
Jefferies maintains a 'buy' rating on Max Financial Services shares.
The brokerage firm suggests any stock correction could be an opportunity to add shares.
Axis Max Life reported strong FY25 performance, including a high death claims paid ratio.
- Who
- Prashant Tripathy, MD & CEO of Axis Max Life Insurance, and Jefferies analysts.
- What
- Prashant Tripathy, MD & CEO of Axis Max Life Insurance, is retiring.
- When
- Tripathy's retirement is effective September 30, 2025.
- Where
- Axis Max Life Insurance.
- Why
- Prashant Tripathy is retiring to focus on personal pursuits.
- Retirement Date
- September 30, 2025
- Tripathy's Tenure as MD & CEO
- 6 years
- Death Claims Paid in FY25
- ₹1,430.80 crore
- Individual Death Claims Paid Ratio
- 99.70%
- 13th-month persistency
- 87.6%
- 61st-month persistency
- 59.3%
