Archive · 24 Jun 2025
Axis Max Life Insurance Provides Financial Protection and Plans
Axis Max Life Insurance is a company that helps people in India protect their money and plan for the future.
They offer different types of plans, like term insurance which pays money if someone passes away, and investment plans to help grow your savings.
They also have plans for healthcare and for people living outside of India.
In the past year, they made a lot of money and helped many people.
The company is owned by two other companies and has been around since 2000.
Axis Max Life Insurance, a joint venture, provides protection and investment plans.
The company offers term insurance, investment plans, healthcare plans, and NRI plans.
Term insurance includes plans like Smart Term Plan Plus and Smart Secure Plus Plan.
Investment plans include Fast Track Super and Smart Fixed-Return Digital Plan.
In FY23-24, the company reported a gross written premium of ₹29,529 crore.
- Who
- Axis Max Life Insurance is a joint venture between Max Financial Services Limited and Axis Bank Limited.
- What
- Axis Max Life Insurance offers various financial products including term insurance, investment plans, and health care plans.
- When
- Established in 2000, the company reported its financial performance in FY 2023-2024.
- Where
- The company is headquartered in New Delhi, India.
- Why
- To provide financial security and help customers achieve their long-term life goals.
Customers
Stakeholders
Financial Needs
Customers
Focus on protection and long-term investments.
Stakeholders
Focus on wealth creation through a diversified product portfolio.
- Ownership
- Joint venture (Max Financial Services & Axis Bank)
- Established
- 2000
- Headquarters
- New Delhi
- Gross Written Premium (FY23-24)
- ₹29,529 crore
- Shareholders' Profit After Tax (FY23-24)
- ₹360 crore
- Total AUM (FY23-24)
- ₹1,50,836 crore
- Claim Settlement Ratio (Individual Policies)
- 99.65%