Axis Max Life Insurance Announces ₹2,135 Crore Bonus for FY25

Axis Max Life Insurance has announced a participating bonus of ₹2,135 crore for the financial year 2024-25. The bonus will be distributed to over 21 lakh eligible policyholders starting July 2025.

This marks the company’s 23rd consecutive annual bonus declaration. With this, the total cumulative bonus since inception now stands at ₹15,847 crore.

Growth in the PAR Fund

The participating (PAR) fund of Axis Max Life grew to ₹74,119 crore in FY25 from ₹67,722 crore in FY24. The fund has recorded a compound annual growth rate (CAGR) of approximately 19% over the past decade. Over the last 5 years, the fund has delivered debt returns between 7.4% and 8.4%.

Bonus Payout Options 

Policyholders can choose from different payout formats, including Cash Bonus, Accumulated Bonus, Paid-Up Additions (PUA), and Premium Offset. There is also an option to partially withdraw bonuses without affecting the Basic Sum Assured.

Expansion in Product Offerings

Axis Max Life continues to build its portfolio of participating products. Some of the major offerings include the Smart Wealth Income Plan, the Monthly Income Advantage Plan, and Whole Life Super. These products combine long-term savings with insurance coverage.

Read more: Life Insurance Ownership at All-Time High in Urban India!

Company Profile

Axis Max Life Insurance Ltd, previously known as Max Life Insurance Company Ltd, is a joint venture between Max Financial Services and Axis Bank. The company reported a gross written premium of ₹33,223 crore for FY 2024-25.

Conclusion

With a declared bonus of ₹2,135 crore for FY25 and a growing PAR fund, Axis Max Life continues its yearly distribution to participating policyholders. The company has maintained a steady bonus track record over the past 2 decades, supported by fund performance and product expansion.

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