Max Financial Services Limited — PPTs, 07-08-2025: Investor Presentation

**Financial Highlights:**

MFSL's Q1 FY26 consolidated revenue hit Rs 6,194 Cr (+18%), with PAT at Rs 86 Cr. Max Life saw Value of New Business (VNB) surge 32% to Rs 335 Cr, boosting New Business Margin (NBM) to 20.1%. Assets Under Management (AUM) reached Rs 1.83 lakh Cr, reflecting strong financial performance.

**Strategic Initiatives & Growth Drivers:**

Individual Adjusted First Year Premium jumped 23%, with Proprietary APE up 11% and Banca channels up 16%. Product innovation includes the 'Smart VIBE' savings plan, and strong growth in Retail Protection & Health (+36%) and Annuity (+40%). Digital initiatives with new apps and GenAI are enhancing operations.

**Business Developments:**

Max Life expanded its distribution, on-boarding 15 new partners. The 'Axis Max life app' also launched, enhancing customer experience and simplifying life insurance management.

**Market Position & Competitive Advantage:**

Private market share expanded to 10.0% (+121 bps). Max Life maintained its #1 rank in online protection & savings, and #3 in Individual Sum Assured. An industry-leading 99.70% claims paid ratio reflects strong customer trust.

**Investor Implications:**

Robust VNB growth and market share gains indicate positive growth potential. Strategic focus on profitable product mix, diversified distribution, and digital transformation positions the company for sustained value creation.