Axis Bank Limited has announced an additional investment in Axis Max Life Insurance Company Limited, further strengthening its presence in the life insurance segment.
The investment of up to ₹380.60 crore will increase the combined shareholding of Axis entities in the insurer from 19.02% to 19.99%.
The bank will invest up to ₹380.60 crore in Axis Max Life Insurance Company Limited through the acquisition of additional equity shares.
Following the transaction, the combined holding of Axis Bank, Axis Securities and Axis Capital will rise to 19.99% from 19.02%.
The investment represents a continuation of Axis Bank's existing association with the insurer and reflects its ongoing focus on expanding its presence in the life insurance business.
Axis Max Life Insurance reported Gross Written Premium (GWP) of ₹38,877 crore in FY26, compared with ₹33,223 crore in FY25 and ₹29,529 crore in FY24.
The figures indicate steady growth in the insurer's business over the past 3 financial years. Operating in the life insurance sector, the company has continued to expand its premium base while strengthening its position in the market.
The proposed investment will be made through cash consideration. The acquisition value has been determined based on fair market valuation using the Discounted Cash Flow (DCF) methodology.
Upon completion, the transaction will increase the combined stake of Axis entities by 0.97% points, taking their ownership close to the 20% mark.
Axis Max Life Insurance, incorporated on 11 July 2000, operates in the life insurance industry and remains an important partner in the bank's financial services ecosystem.
The additional investment is intended to strengthen Axis Bank's position in the life insurance business and deepen its participation in a segment that continues to witness growing customer demand and premium collections.
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As of 02 June 2026, at 9:35 AM, Axis Bank Ltd share price is trading at ₹1,268.90 per share, reflecting a decline of 0.55% from the previous closing price.
Axis Bank's proposed investment of up to ₹380.60 crore in Axis Max Life Insurance will increase the combined holding of Axis entities to 19.99%. The move further reinforces the bank's long-term presence in the life insurance sector.
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Published on: Jun 2, 2026, 11:38 AM IST
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