Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag IFC invests $33M in Axis Max Life to expand insurance access in India, especially for women and underserved groups.

flag Axis Max Life Insurance, formerly Max Life Insurance, has partnered with the IFC, a World Bank Group member, to expand life insurance access in India, especially for underserved groups and women. flag The IFC invested Rs 285 crore ($33 million) in long-dated subordinated instruments to strengthen Axis Max Life’s solvency and support growth. flag This marks the IFC’s first investment in a licensed Indian life insurer. flag The collaboration aims to boost financial inclusion, promote sustainable practices, and align with India’s goal of “Insurance for All by 2047.” The company, a joint venture between Max Financial Services and Axis Bank, reported gross written premiums of INR 33,223 crore in FY2024-25 and recently rebranded, with no impact on existing policyholders.

6 Articles