Axis Max Life’s VNB increases 21% YoY; individual adjusted first year premium grows 12% YoY in H1 FY’27

Max Financial Services reported H1 FY27 consolidated revenue of ₹17,484 crore, up 16% year on year, and profit after tax of ₹219 crore, up 137%. Its subsidiary Axis Max Life posted 21% growth in value of new business to ₹1,180 crore, with margins rising to 25.4%.