Max Financial Services Limited — Important, 10-06-2025: Updates

Max Financial Services has announced a board meeting to approve Mr. Sumit Madan as MD & CEO of Axis Max Life Insurance, effective October 1, 2025, following the early retirement of Mr. Prashant Tripathy. Madan, currently Chief Distribution Officer, has 25 years in financial services and has led Axis Max Life to become the #3 private insurer with 20% YoY growth. His appointment is expected to sustain the company’s momentum in distribution expansion and product innovation.