Axis Max Life Insurance declares ₹2,135 crore bonus for policyholders in FY25

Axis Max Life Insurance has declared a participating bonus of ₹2,135 crore for FY2024–25. Over 21 lakh eligible policyholders will receive the bonus starting July 2025.

This marks the insurer’s 23rd consecutive annual bonus. The total cumulative bonus declared since inception now stands at ₹15,847 crore.

The company’s participating (PAR) fund grew to ₹74,119 crore in FY25, up from ₹67,722 crore in FY24. This reflects a compound annual growth rate (CAGR) of 19% over the last 10 years.

Prashant Tripathy, CEO and MD of Axis Max Life, said, “Despite market volatility, our PAR Fund has shown resilience driven by asset quality and consistent returns."

The PAR fund has delivered steady debt returns ranging between 7.4% and 8.4% over the past five years.

Axis Max Life offers customers flexibility through multiple bonus options. These include Cash Bonus, Accumulated Bonus, Paid-Up Additions (PUA), and Premium Offset. It also allows partial withdrawal of bonuses without impacting the Basic Sum Assured.

The company continues to expand its PAR product portfolio. Offerings like the Smart Wealth Income Plan, Monthly Income Advantage Plan, and Whole Life Super aim to combine income, protection, and retirement benefits.

Axis Max Life Insurance is a joint venture between Max Financial Services and Axis Bank. It reported a gross written premium of ₹33,223 crore for FY2024–25.